Friday, May 8, 2020

NFP: 20.5M jobs lost in April

bringing unemployment to 14.7% .. imagine it was in 3s in Jan - pre-corona

& for those who are wondering why the stock market is not going down .. well, where do you think all that free money that govt. is sending is going ..! 
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BRK invests additional $10B in GooG stock ...

And GooG issues new stock to generate $80B to invest in AI buildup ..  now that's smart .. but who's?

  • you don't need to be a PhD in economics ...
    to solve an economic problem ... & there are 100s of PhD working at Federal Reserves forecasting an inflation in future due to tariffs ....
  • CPI came benign ...
    either folks are not buying imported stuff which also helps the trade deficit - two birds killed with same stone .. obviously energy being l...
  • Too late .. Fed chairman ...
    his argument is that the forecasters are modelling based on projected tariff as called by Trump ... & if you are using the numbers used ...