Black People Politics : PRESIDENT ELECT JOSEPH ROBINETTE BIDEN, Jr.

Discerning

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As if the Stock Market is any true indicator of how the U.S. economy is benefiting everyone inside its borders.

The recent jump is only a view of some investors who believe things will be much better three or four months by now. But few of those who actually do real work for a living know a rise in the stock market will be not reflected in their pay checks.

It's actually a statement of relief that Trump's ugly visage and policies will be gone in less than two months. The immature and the ignorant know little of such things which is why their initial reaction is laughter. As if they could explain the nuances.

It's the same with national unemployment figures from the Bureau of Labor Statistics. Even the most joyous of the wealthy know these figures offer a false indication of how many individuals are out of work.

Because BLS' unemployment rate never accounts for those who have given up looking for full-time work, are underemployed or working part time jobs, or those who have exhausted their unemployment benefits.

Some folks don't even file for unemployment.

So, what does it mean to give up looking for full-time work? Perhaps the job is far away and there's not enough money to pay transportation costs, child care costs, or maybe the person is caregiver or has an unstable living situation.

Statistics do not tell the whole story.
 

Fine1952

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THE WHOLE STORY​

Eye would be willing to bet donald duck does not know the connection between the stock market and the Federal Reserve.​

My client is --'retired' stock broker-- informed me that the Federal Reserve kept the market afloat by flushing money into its coffers.​

The Federal Reserve is not a government agency yet it is closely aligned with the treasury department as well as the IRS.​

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>​

Dow closes above 30,000 for the first time

Investors cheer as the White House transition gets under way and Janet Yellen is tapped for treasury secretary — steps seen as progress in stabilizing the economy.



1606265840083.png


By Hannah Denham and Hamza Shaban
November 24, 2020 at 4:31 pm/EST

"Stocks rose sharply Tuesday --with the Dow cracking 30,000 for te first time --as investors interpreted the launch of the White House transition and President-elect Biden's pick for tresury secretary as positive signs for the nations stability"

 

Discerning

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While other news outlets pointed to the announcement of three possible vaccines for Covid-19 as the cause for investor optimism in the U.S.

It all depends on what website one reads. Which is why I've always perused more than four.

The bottom line is this: People who can't produce well-written and logically derived news analysis remain jealous of those who can. Many in our world just never mature.
 

Fine1952

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Eye will answer your response this one time. But know that for the record your comment is off topic in this thread:popcorn:

Laughing At Trump.gif


You can cite 20 website.. However if the details are not factual the website is garbage. Even my 8 year old Grandson knows that the vaccine is wrought with impurities that will be detrimental to everyone's health.

The most hilarious part is that the Pfizer version is not even stable. Vaccines must be refrigerated.... yet this version spoils after 5 days. That's enough to show the lowest thinking moron in the world that more tests are needed before subjecting people to this nonsense.

Vaccine goes bad five days after thawing, requires two shots
 

Discerning

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Fine,

Your emotionally overwrought responses never impressed me. So, you're an anti-Vaxxer.

Too bad vaccines don't cause autism, no matter what screaming activists proclaim.

 

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