Daily Economy News

Open Letter to the Charleston Protestors

An Open Letter to the Charleston Protestors

– June 6, 2020

“Your cause is just and we hope we can work together in the days, weeks, months, and years ahead.” ~ Robert E. Wright

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Will Social Security Go Bankrupt?

Will Social Security Go Bankrupt?

– June 6, 2020

“Where are we now? Is Social Security going bankrupt? Not literally, since bankruptcy law does not apply to government agencies or programs. But it is unquestionably true that Social Security is headed for a fiscal calamity.” ~ Warren Gibson

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Unemployment Drop Due to Fewer States with Lockdowns

Unemployment Drop Due to Fewer States with Lockdowns

– June 5, 2020

“The drop in unemployment is almost entirely due to drops in states with lockdowns that have indefinite end dates and states that were partially or fully open as of May 16, 2020, with a bit of the drop coming from states that never had formal lockdown orders.” ~ Abigail Devereaux

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The Recovery Has Begun

The Recovery Has Begun, Ahead of Schedule

– June 5, 2020

“Taken together, the most recent jobs report suggests we could see output recover to 90% or more by the end of August. That’s great news. But a complete recovery might take much longer than that.” ~ William J. Luther

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Argentina in Default, Economists Call for Good Faith Negotiations

With Argentina in Default, Economists Call for Good Faith Negotiations

– June 5, 2020

“Argentina’s economic troubles are self-imposed. They are not the fault of its creditors, who just want to be repaid as promised. Any good-faith solution to Argentina’s problems must start by recognizing the real problem: large fiscal deficits.” ~ Nicholas Cachanosky

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Labor Market Rebounds as Private Payrolls Jump

Labor Market Rebounds as Private Payrolls Jump by 3 Million, Unemployment Rate Drops

– June 5, 2020

More than 3 million private U.S. jobs were recovered in May, providing hope that the economy may already be bottoming, setting the stage for growth in the near future.

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Why Does the New York Times Deny the Obvious?

Why Does the New York Times Deny the Obvious?

– June 5, 2020

“It was not the pandemic that blew up our lives, commercial networks, and health systems. It was the response to the virus that did that. The Times needs to learn that it cannot construct a fake version of reality just to avoid responsibility for what they’ve done. Are we really supposed to believe what they write now and in the future? This time, I hope, people will be smart and learn to consider the source.” ~ Jeffrey Tucker

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Unsung Heroes of the Coronavirus Crisis

Three Unsung Heroes of the Coronavirus Crisis

– June 5, 2020

“Lesser mentioned, but integral to the attempts to wrestle life back to some version of the status quo are numerous groups of professionals and workers whose unseen efforts would be both immediately noticed and sorely missed if absent. Thank you to the three mentioned here and to the many of those who are not.”~Peter C. Earle

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Devastation Wrought on Small Business

The Devastation Wrought on Small Business

– June 5, 2020

“The brutalism of the initial coronavirus lockdown orders, as well as the soft extension of the quarantine disguised as “Phased Reopenings,” have put SBO’s in an inhumane position. It’s neutered their ability to attract not only patrons, but employees.” ~ Taleed Brown

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Auto Sales Stage Partial Rebound Following A Two-Month Plunge

Unit-Auto Sales Stage Partial Rebound Following A Two-Month Plunge

– June 4, 2020

Auto sales partially rebounded in May following a two-month plunge. Some areas of the economy may be bottoming, setting the stage for growth later in the year.

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