Tonight concluded the Democratic National Convention with Joe Biden accepting the nomination and giving remarks before the country. His tone and speech were consistent with his most recent messaging, being that of unity and hope for the future and attempting to drive out the divisiveness across the country. As has been the case throughout this convention, there has been the attempt to show Biden as an empathetic, down-to-earth, average “Joe.” This may very well prove successful as it does draw stark contrasts between Biden and Trump. While his speech hit several key points and was delivered rather well, The Kapital News does not believe that this was Mr. Biden’s shining moment. However, with a consistent and persistent message of a calm and steady hand coupled with empathy for everyday Americans, this may be effective enough to end up in the White House. Next week, the RNC will have their week to highlight the Trump Administration and the Republican Party’s platform and vision. Do not forget that both of these conventions are three-ringed circuses offering the same “solutions” to the same problems and we’re supposed to believe that this time is going to be different…wake up!
Initial jobless claims for the week ending 15 August are unfortunately again above that psychological 1 million figure. Due to the various government programs in place and attempts to keep people on payroll, whether there was demand for their services or not, created a major distortionary effect in the jobs market (amongst others), which makes it difficult to get a true picture of the employment landscape. Nevertheless, this figure is clearly in the wrong direction and this does not take into consideration the various moratoriums that are still in effect, nor the millions of evictions waiting in the wings, nor the massive wave of insolvencies that will ensue once funds are exhausted and moratoriums are lifted. Stay diversified, stay vigilant, and stay with The Kapital News. #DNC #Biden #Economy #2020 #Recession #Gold #Depression #Jobs #Bailouts