Ep. 420 – Four For Me + One For You

We discuss the Thursday data release since we were away during the last week. Therefore, we cover the typical initial and continuing claims data, the Fed’s balance sheet, and also discuss some national political stories. One such story pertains to Congress and the White House not being able to come to an agreement on another round of spending. They can give billions and trillions to corporations at the drop of a hat, but extend something for the people, and they just can’t get their act together. Don’t worry, they will pass something. However, in the interim as we wait, the President has taken it upon himself to sign executive orders that will extend unemployment assistance as well as to suspend the payroll tax. The President does NOT have the authority to do this. Yet the Constitution is rarely considered to begin with – so does anybody really care? Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Debt #Gold #Bailouts #BananaRepublic