Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.This week, many economic indicators released showed just how severe the damage of the coronavirus pandemic is on the US economy.
"For awhile, we are going to be in territory that was just unthinkable," Heidi Shierholz,a senior economist at the Economic Policy Institute, told Business Insider. In comparison to the Great Recession, the current situation is a much more rapid deterioration, she said. . That could send the unemployment rate to 20% in the April jobs report, nearing the all-time high of 24.9% seen during the Great Depression. A 47-year market vet explains why he sees the economy's 'super-cycle' hurtling towards depression — and lays out his case for an 80% stock plunge later this year
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The inside story on billionaire Seth Klarman's devoted following - Business Insider'Oracle of Boston' Seth Klarman has a rabid following that's stuck with him through thick and thin. Here's why fans of the publicity-shy billionaire investor copy his every move. Value investors without humor like Warren Buffett are insufferable 😂
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
5 economic recession signals show how fast a slowdown is hitting US - Business Insider'For awhile, we are going to be in territory that was just unthinkable,' Heidi Shierholz, senior economist at the EPI, told Business Insider.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
NBC launches news show for kids on YouTube - Business Insider - Business InsiderNBC News' Lester Holt is taking on an educational and inclusive news show during a time of confusion for kids in 'Nightly News Kids Edition.'
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Dow surges 500 points on optimism around US economic reopening plan - Business InsiderPositive results reported from Gilead's coronavirus treatment trials offered new optimism around an effective drug arriving sooner than expected. It's 'Ye OIde Pump'n'dump.' The economy and market were ready for a fall before COVID (3 FED rate reductions in 2019). Sadly, many billionaires didn't get out in time. Now they're going to pump it up and dump their shares at less of a loss.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
US weekly jobless claims hit 5.2 million as coronavirus layoffs continue - Business Insider'We wiped that out so fast. It's mindboggling,' said Heidi Shierholz, senior economist at the Economic Policy Institute. Well, Trump’s been trying to undo everything Obama did, so... mission accomplished... I guess. Making America Great .... after correcting for disastrous lack of preparation Jobs that will come back when the country reopens.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Americans with a financial adviser feel more prepared for a recession - Business InsiderAt the end of the day, it's nearly impossible to recession-proof your money, but a good financial planner or investment adviser can help you protect it Simple short short puts puts Recession proof - cash. Yes, inflation presents itself with adversity mask, but - cash is king!
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »