Economist and Chicago Booth School of Business Professor Austan Goolsbee weighs in on the stock market sell off, the need for stimulus, and the economy with Yahoo Finance’s
#stockmarket #coronavirusstimulus #economicoutlook
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That job data was false! Those were people who could not find a job that would pay them the amount of money they needed or they gave up looking for a job. There was no new jobs created. 40 people unemployed and you say new jobs created? Get those 40 million people back to work first! and then talk.
40 million people still unemployed.
Finally someone who see the bigger picture. There is 27 million people unemployed on benefit yet we are talking about how the economy is back.
Harvest Season
Hallelujah
Hallelujah
The markets are signaling to Powell and Congress
Tough day if you got in around the beginning of the month. Mnuchin Powell or Trump will say something to fix it all
Fed cannot ever stop printing until dollar explodes. They have made a real mess going back many years.
It’s all smoke and mirrors. Judgement day looming.
Buy gold / bitcoin
@David Hidalgo gold / silver (physical)
You do know Jesus has zero control over the market right?
Fake news
But not as bad as that cable news network.
Shawn D they have the dems hook line and sinker
No one that’s on unemployment effects the market. Tf they keep trying to push that
Hi, care to explain please?
Help wanted : Dollar stores, grocery outlet, McDonald’s 👍
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That’s the problem with the greater fool theory… at some point the greatest fools lose.
Very rough couple of days recently for anyone who entered trades last week. Hoping we can all stay strong and rational about our trading!
Knowing the long and short of it helps to prevent loss.
I bought Tesla. I’m making money.
Teslas going down…you will lose that next week
I’m really concerned that the ineptitude from our leaders at the top who failed to contain the spread of this virus has caused this economic catastrophe. Only regime change at the top will begin to get us back on course.
Are you crazy? Democrat governors are the ones who put COVID-positive elderly people together in nursing homes when there was evidence that ONLY the elderly are affected by the virus. Trump saved countless lives banning travel and democrats called him xenophobic for it. Thank god we didnt have a democrat president
I mean it s not just the faul of the leaders but ones own responsibility as well. Just be happy that covid is not as bad as they thought in the beginning
This comes right after the report on the record Insurmountable Debt (by the Republican Party & the King) right on Yahoo Finance. The Treasury Secretary working under the pleasure of the King did send out a letter sometime ago to Congress concerning running out of money maybe in early September for some kind of negotiations before the money runs out. Looks like the 30 billionaires who support the King & China (with their cheap labor products made there) got some bad news & reflects on the Stock Market today. Yesterday I saw how low the Dollar was on the market. Maybe that talk on a new world currency will take place next year after all either in Europe or Asia with Russia, China, India, Germany, etc.I believe if that does happen & especially when the virus cases & deaths in the USA are the highest in the world – the world banks will stock the new world currency & the old USA currency will be going right back to the USA which I believe would create hyperinflation + the depressed economy because of more huge unemployment (based on turnover of old jobs exclusively & not more expansion of workers like what I am seeing on the big employment online websites & also even more bankruptcies in the USA. All the perks will be gone in the USA if a new world currency does take place such as no more cheap oil prices at the pump – the USA will be paying a lot more at the price what Europe pays or Asia pays now. If the King wants all the States to go bankrupt – I believe one of the first State’s to be sold to Russia, etc. will be Kentucky based on a very unstable economy & Stock Market now clearly visible with extreme gains & loses combined with a virus running wild all over the country with still the greatest number of cases & deaths in the world.
TRUMP 2020 – thank god we have a wise responsible leader
Tough day after yesterday close of 3586 🙄 did they want 3800 today ?
A natureza é maravilhosa
TRUMP 2020 – the democrat governors who put infected elderly people together in nursing homes should be put on trial (especially Cuomo), when we had clear evidence that the virus only affects elderly people….
Time to tune the bot algorithm, this video isn’t even about politics
@foop145 they’re not bots bro. These people are really this stupid
Trumpet will have a tough choice to declare emergency rule like delaying the election in order to stop the economic market rout, persistent high unemployment and take back the streets from the Antifa rioters.
Sorry l am now tim is you
I need this discount lol
Sorry l am now tim is you adesten
That Trump Economist is giving Austan Goolsbee a nightmare looks like he loss all of his hair
Nobody Knows what to do. He is guessing. The issue is China is selling off 20% of T-Bills. What he is saying is old hat and has been going on for the last 9 months while having ups and downs.
We will not get out of this until they get a vaccine that works. The rest is all poltical B.S. blowing smoke up his ass.
Very healthy profit taking. This drop is good. Finally!
The government are going to send stimulus money when its too late. Congress is not economists and they sre ignorant leaders ignoring the warnings. I am not voting. They dont deserve my vote at all.
If people in the US can’t see that the Fed has switched the economic armageddon machine on I can’t help them. The US is now on an endless cycle of money printing that it won’t be able to escape from. People should invest accordingly. Payed up hard assets and commodities are the only things that will save you in the end.
The data released recently is suggesting another reality– that our China policy is backfiring and will probably ultimately fail. China’s economy is expanding nicely again, and they weren’t hit nearly as bad with the coronavirus as we were. Just look at the comparable GDP figures. Now look at the trade figures. We just announced the second highest trade deficit ever, including the highest level with China since 2008. All those manufacturing jobs that were supposed to be created never were, so, with the tariffs, we’re simply paying higher prices for all that we import. In the meantime, because we never made those higher paying jobs, we have less income, less ability to save, higher chronic unemployment and a falling dollar valuation that will discourage foreign countries from buying our treasury bonds, putting more pressure on us to trim our deficits, since other countries will demand higher interest rates than we can afford to pay, especially right now. Countries are already unloading their massive treasury bond holdings, and that will continue, which will put further pressure on the dollar. Right now we’re on a massive downward spiral that has no chance of turning around any time soon. Prepare accordingly.
Massive un employment.
“People who are hungry, people who are out of a job are the stuff of which dictatorships are made.”
― FDR
The richest 10% of Americans own 92% of the value of the stock market. Maybe this is why “stocks going up” isn’t really a good indicator of the overall economy.
This is what the economic elites calls Good Times. It is a chance for t
hem to own everything, and the rest own nothing.
in Marxist philosophy, the bourgeoisie is the social class that came to own the means of production during modern industrialization and whose societal concerns are the value of property and the preservation of capital to ensure the perpetuation of their economic supremacy in society.
Need a major shake up of corporations & banking.
to redistribute the wealth as JOBS.
to make a sustainable and STABLE economy
Did you not hear we are in a DEPRESSION.
A NATIONAL / GLOBAL MELT DOWN.
This is not a bullshit V recovery. The Zombies have to DIE, plus a large number of
Americans to. Capitalism is BROKEN, unstable and unsustainable.
The years of change begin. Greed has achieved the
stated corporate (net-liberals ) mission,
increase profits year over year. wtf
High profits with no workers.
Wait, we have no jobs ( no income)
Sorry corporation we can not buy.
Yahoo,, no guts, no glory, capitalism is killing Americans
time for a revolution, yeah
STOP, social issues trump corporate mandates,
The wealth is not going to the workers. GOT it.
More workers than jobs.
Just execute the jobless ?
Corporate goals do not include the worker prosperity
Like Government JOBS program ? like FDR in 1930s ?
I agree with him we have moved from furloughs to the permanent unemployment.
..the economy was in free fall before this manufactured pandemic.
Speculation has it that multi billionaire George Soros may sell off the market because he wants to destroy the Republican campaign
Democrats will stall economic growth until after the election
It is inevitable that we will see a decline in consumer goods, it is inevitable that a percentage of small businesses will remain closed
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