Jobless claims expected to spike to a record-breaking number
#21
26-3-2020 8:32 PM
Alice Alicia said:
3,283,000 jobless claims!

new weekly record ever.

..equal to DOW surge, now +750!

Rolleyes
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#22
26-3-2020 10:47 PM
debono said:
We must together conquer this virus, obey our govt.'s advice and suggestion, wash hands frequently, don't shake hands, wear a must if in crowded areas and doing social distancing, we will come up stronger.... Big smile Big smile Big smile Thinking

Winking
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#23
US unemployment rate may skyrocket to 30% amid 'huge shock' to economy

The research found that the hardest hit will be limited- and full-service restaurants, with some nine million jobs at risk of layoffs in the near term. The education sector has some 3.2 million jobs at risk, while general stores could lose 2.8 million jobs.

A massive surge in the number of people applying for unemployment benefits has already been reported across the US. Jobless claims could exceed the record peak of 6.6 million recorded in 2009 if early figures hold, according to MarketWatch’s data

That is why Americian US folks gave the double thumbs up thumbs up to the US$2 trillion rescue package. More planning rescue package might be on the table.... Big Grin
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#24
The short n ling answer is in addition to the approximately $2 trillion that the stimulus is adding to the US debt

Federal Reserve has been pumping additional trillions into American equity market, making virtually interest free money available to US banks and financiers.

US clock debt is ticking...more debt n more. Is not a big problem for United States, as global world have allow to print n print and print more US$.
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#25
26-3-2020 11:20 PM
teeth53 said:
The short n long answer in addition to the approximately $2 trillion that the stimulus is adding to US debt

Federal Reserve has been pumping additional trillions into American equity market, making virtually interest free money available to US banks and financiers.

US clock debt is ticking...more debt n more. Is not a big problem for United States, as global world have allow to print n print and print more US$.
Dow Jones - 22,552.17 +1,351.62 (6.38%)
STI Green Green Today...Huat...Argh. Big Grin


Once in a life-time opportunity to start bottom fishing for a few good n cheap counters.
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#26
Really a big con job. thumbs up
Kill Kateks first.

US unemployment will be damned ugly, take note of 3rd of Apr.
During Lehman, it has hit as high as 9.5%.
Before virus crisis, it was as low as 3.6%.
Let see the figure by next week.
笨拙的人讲道理,聪明的人说故事。
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#27
26-3-2020 9:11 PM
sgbuffett said:
The bigger the more dow will rise.

Why is that so?
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#28
27-3-2020 6:39 AM
QE3 said:
Really a big con job. thumbs up
Kill Kateks first.

US unemployment will be damned ugly, take note of 3rd of Apr.
During Lehman, it has hit as high as 9.5%.
Before virus crisis, it was as low as 3.6%.
Let see the figure by next week.

Seems like more jobless ppl Dow will go up higher
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