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Coronavirus Live Updates : NPR

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Wall Street Is Raking In Profits In The Stock Market, Even In A Recession : Coronavirus Live Updates : NPR

Goldman's profit surge underscores a central fact about the bifurcated U.S. economy right now: While much of the economy faces an uncertain future, Wall Street is enjoying a historic revival, as the Federal Reserve and other central banks flooded the global economy with money.

"The Fed has been able to engineer a huge bounce back in the markets by injecting trillions of dollars, benefiting investment banks primarily," Octavio Marenzi, CEO of capital markets consultancy Opimas, told CNBC.

Yeah, this is what happens when you print a lot of money to force interest rates below a quarter percent to make it cheap to borrow, that is for those who have a need to borrow and can get approved for credit. 

Empire State Manufacturing Survey (overview) – FEDERAL RESERVE BANK of NEW YORK

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Empire State Manufacturing Survey (overview) – FEDERAL RESERVE BANK of NEW YORK

Business activity steadied in New York State, according to firms responding to the June 2020 Empire State Manufacturing Survey. After breaching record lows in April and May, the headline general business conditions index climbed forty-eight points to -0.2. New orders were unchanged from last month and shipments inched higher. Delivery times and inventories were little changed. Employment levels edged slightly lower and the average workweek continued to decline. Input price increases picked up, and selling prices stabilized. Firms were notably more optimistic that conditions would be better in six months, with the index for future business conditions rising to its highest level in more than a decade.

High Unemployment Could Be Sustained Problem

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High Unemployment Could Be Sustained Problem

New York is facing historic unemployment due to the pandemic and is something that could shape up to be a long-term problem.

"I don't think anybody is seriously looking at a v-shaped recovery where everything by the end of this year is back to normal," said EJ McMahon, the president of the Empire Center. "I think it's going to be quite a while."

New York's unemployment rate in May stood at 14.5 percent, down from 15 percent in April. But the pace of returning jobs as businesses reopen indicate a return of low unemployment is unlikely -- and the high jobless rate could last into 2021.

"If you look at the payroll numbers in terms of job counts at the current rate of recovery from the April low, we won't have the same number of actual payroll jobs for a year and a half," McMahon said.

Most regions of upstate New York are now in phase four of the reopening, with western New York entering that stage on Tuesday. But gyms, malls and move theaters remain closed for now. Governor Andrew Cuomo says a fast re-opening could be harmful both to public health and the economy.

Everything you say will be used to market against you. 💬

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Everything you say will be used to market against you. 💬

I get annoyed when every time I post something on the blog through the WordPress Android App my words are sold off and used to market various products to me on the internet. Walmart sends me emails related to products and topics I blog about, Facebook puts those items on the top of my feed, advertisements I see on the internet are related to my blog posts. I mean I guess it’s good that they’re serving relevant ads to me but it’s also kind of creepy to say the least.

Illuminati Dodge Ball – ANDY’S FORUM

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Illuminati Dodge Ball – ANDY’S FORUM

The system is constantly conjuring up ways to nickel and dime you. Americans have become incredibly naïve, far too trusting of a system which proves over and over on a daily basis that it most definitely cannot be trusted. Conversely we have become far too cynical of the people, who do heroic things every day. We must reverse this dichotomy. Trust the people, do NOT trust the matrix. Be generous to friends, family, the people and the natural world, but learn to be stingy in your dealings with the system. This is another one of those dogmas which must be examined.