Re:Jobless claims, total unemployment level worse than expected
by User23 on Thursday June 04, 2020 @12:54PM
(#23418982)
Until Congress starts looking reluctant to pass trillion dollar appropriations quarterly and the Fed stops buying assets in quantity. So, yeah, I wouldn't bet against this rally, except to hedge existing gains.
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Re:Jobless claims, total unemployment level worse than expected
by vannevar on Thursday June 04, 2020 @02:06PM
(#23419784)
Yes. As long as the government continues to pour money into the top end of the wealth curve, those people will continue to put it in the market. Under the circumstances, there is certainly no rush to invest it into their businesses in the form of new jobs, or infrastructure projects. And they can't bank it, the interest rates are too low.