"We are right now beginning to realize that the pandemic has recessionary impact that we hadn't thought about because of course, 70% of the people who are getting that extra $600 — who will now hopefully get $400, probably won't — were making more money than they were at their job. So, there's more spend, but that spend seems to be tapering off. And that's something that we're not ready for and that's what the claims say and that's what the companies are saying.
Ron Temple, managing director at Lazard Asset Management, called for more stimulus on two specific fronts. "What the market's looking for is another reason for the next leg up and if you think about what's been going on on the fiscal side, at the end of July we had pandemic unemployment benefits expire, we had the moratorium on evictions expire, so, effectively, where the federal government had been doing an excellent job, it really has fumbled the ball since the end of July.
FastMoney TradingNation Gotta be at least 30 million on some sort of unemployment assistance. The stock market is all well. Wow
TradingNation They want to make it a socialist country go and read about how socialist are it’s a communist country
TradingNation Of course they don’t want people to get jobs they want to make President Trump look bad but people want to go back to work open up the United States of America this is not a communist country it will be one if you vote Democrats in
TradingNation Good luck with that. 400. 300. 600. Doesn't matter. Not spending a dime over what I HAVE to. Not with the .GOPLeader .senatemajldr jerking us around. I'll need to save every penny I can. No take out.
TradingNation
TradingNation trump said that there are more jobs then ever in history. Someone is not telling the truth. I wonder who?
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