Mid Term
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...
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...
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...
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...
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...
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...
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...
Now there are two Puts supporting the market as the Vaccine Put joins the Powell Put
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Powell announces anticipated shift in policy framework at the Fed yesterday: 0% for longer
As anticipated in Wednesday's rally--the Standard & Poor's 500 climbed 1.02% and the NASDAQ Composite was up 1.73%--Federal Reserve Chair Jerome Powell on Thursday announced that going forward the Fed would let inflation rise to above its current target of 2% from...
It’s a classic sign of a credit crunch: Interest rates are low–but try getting a loan
In a classic credit crunch, banks and other lenders worried that they might have eased loan standards too much during economic good times, start to tighten lending standards because they are worried that we're in or are heading into rougher times for the economy....
Damage to the real economy piles up while Washington fiddles
The latest news out of the coronavirus economic rescue package talks is that there has been no progress on the big issues the separate the two sides: among them restoring the $600 (or some number) enhanced weekly unemployment benefit and funding for city and state...Jim’s Stock Alerts
Download Jim’s eBook for Free
