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Archive for the ‘Mid Term’ Category

China’s economy continues to its post-coronavirus recovery

China’s gross domestic product climbed 4.9% in the third quarter from a year ago, according to data released by the Chinese government on Monday. That's lower than economists surveyed by Bloomberg had projected but a faster rate than the 3.2% growth seen in the second quarter. For the first nine months of 2020, China's GDP […]

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If Europe is a preview of next coronavirus surge in U.S., the forecast is downright scary

Most governments in Europe relaxed their strict coronavirus lockdowns over the summer in order to breathe some life into economies hit hard by the first wave of the virus and efforts to control its spread. That "return to normal", however, has led to a spike in infections with cases rising to more than 120,000 a […]

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From the headline numbers on down, it’s bad news from today’s jobs report for September

The U.S. economy added only 661,000 jobs in September, the Labor Department reported today. That's down from an upwardly revised 1.49 million jobs added in August. Economists surveyed by Bloomberg were looked for the economy to addd 859,000 jobs in September. The official unemployment rate fell to a seasonally adjusted 7.9% from 8.4% in August. […]

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New claims for unemployment remain stubbornly high ahead of tomorrow’s monthly employment report

Initial claims for unemployment in regular state programs fell in the week ended September 26 by 36,000. That's the good news. Unfortunately, that left the total new claims for the week at at still very high 837,000. The recovery in the job market and the U.S. economy has become grindingly slow. Economists surveyed by Bloomberg […]

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Disney turns furloughs into layoffs for 28,000 workers

I'm afraid that this is just a sign of bad things to come at lots of other companies for lots of workers. Disney (DIS), which had announced back in April that it would furlough more than 100,000 workers after the coronavirus pandemic forced the company to close down its theme parks, today announced that it […]

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Special Report: Your Investing Guide for the Next Six Dangerous Stock Market Months (Complete with 14 picks)

Yikes. Does this market have enough volatility for you? And I think that volatility will only get worse over the next two to six months, I can't remember a market with so much potential to move up or down in big relatively short-term volatility as this one. Just as critical I can see each of […]

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Trick or trend: Companies dependent on a “re-opening” economy continue to raise big cash

Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. On Friday American Airlines (AAL) announced that it would borrow $5.48 billion from the Federal […]

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How old fashioned! CBO worries that U.S. government debt will hit 2 times GDP by 2050

The U.S. government’s debt will be almost twice the size of the U.S. economy by 2050, according to new projections from the Congressional Budget Office. That would be up from 98% this year and 79% in 2019. (The prior, pre-coronavirus forecast for 2050 debt in January was "just" 180%.) Low interest rates “indicate that the […]

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Newest initial claims for unemployment numbers seem to show slowing rate of improvement in economy

There'd nothing very clear about the trend in today's report on new claims for unemployment in the week ended on September 12. (The period is important because it coincides with the survey period for the monthly jobs report for September.) The number of Americans applying for unemployment in regular state unemployment programs fell by 33,000 […]

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Yep, the recovery is slowing: New claims for unemployment unchanged for the week

Applications for U.S. state unemployment benefits were unchanged at 884,000 for the week ended September 5 from the week ended on August 29, the Labor Department reported this morning. Economists surveyed by Bloomberg had expected the total wold drop to 850,000 new claims for the week. Continuing claims, the total number of workers claiming ongoing […]

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