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Thu Jun 4, 2020, 07:39 AM

42.6 million!

Unemployment over that last 11 weeks!

Are we still winning?

10 replies, 944 views

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Response to imanamerican63 (Original post)

Thu Jun 4, 2020, 07:51 AM

1. THAT number will irk the Republicans....

Especially in states they dominate and have their hands out for those TAX DOLLARS . Talk about WELFARE QUEENS !!!!

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Response to imanamerican63 (Original post)

Thu Jun 4, 2020, 07:53 AM

2. And yet the stock market is bouncing back

Insane

The stock market was never a good indicator of the actual health of the economy but it has become completely detached from reality recently.

I am using this rebound as an opportunity to divest because I don't see anyway how things can go well over the next year. When Wall Street looks around and realizes the damage was more than temporary, I can;t imagine it staying up.

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Response to genxlib (Reply #2)

Thu Jun 4, 2020, 07:55 AM

3. Yep, that is something I just don't get?

Rich keeps getting richer?

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Response to genxlib (Reply #2)

Thu Jun 4, 2020, 08:22 AM

5. I'm not usually a conspiracy theorist but it just doesn't make sense. Something is going on??

Are the 1% propping it up for their own gain or is the FED buying the market now? Plunge Protection Team? I can't understand it but it sure doesn't resemble a "free market" system.

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Response to walkingman (Reply #5)

Thu Jun 4, 2020, 09:08 AM

7. The Stock Market has been largely decoupled from the general economy...

More than ever, it's just a casino where the shares have little to do with actual value of the companies they represent. There's a lot of froth.

And yes, the Fed has been funneling billions into equities to bolster the market, kind of behind the scenes, but some are reporting it. That adds to the froth, of course, because it's not attached to any real value.

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Response to Wounded Bear (Reply #7)

Thu Jun 4, 2020, 09:37 AM

10. That is true...but the market will fail if the economy fails...they trade stocks of business which

are going to be in big trouble.

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Response to imanamerican63 (Original post)

Thu Jun 4, 2020, 08:07 AM

4. Nothing says; "Failed State!"

Like 42 million newly unemployed, 110K dead from a raging pandemic, civil unrest, protests, military troops attacking civilians and the Dow up 500 points.

I really wouldn't give a shit about the Dow, except for some strange reason, the media has become obsessed with using it as a barometer of economic health.

Yes, the country is falling to pieces and we have fascism knocking on the door, 110K of your neighbors are dead with no end in sight, fires are burning in our cities... but... have you seen the Dow?

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Response to imanamerican63 (Original post)

Thu Jun 4, 2020, 09:02 AM

6. Tomorrow

Tomorrow could be a significant day. The jobs report will be released and the unemployment number could be as high as 20%.

Mourning has come to America

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Response to imanamerican63 (Original post)

Thu Jun 4, 2020, 09:08 AM

8. 42 million is almost as many people as voted for Trump...

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Response to imanamerican63 (Original post)

Thu Jun 4, 2020, 09:29 AM

9. Bring back 1918 pandemic, 1937 depression, 1968 riots MAGA ....MAGA mega......m...ee....sheeeeet

 

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