Another 787,000 Americans filed an initial jobless claim last week and markets hit all-time highs. Apparently Wall Street has become numb to these devastating and heartbreaking employment figures. Or, they simply continue to view bad news as good news, because this means more “free” money from the government and the Federal Reserve. Regardless as to which is the case, this is a disgraceful display of markets completely decoupled from reality. Unfortunately, this is likely to continue for a little longer at least. For context, these jobless claims are still higher than during the depths of the GFC. We also briefly mention, the Fed’s balance sheet and M1 and M2 money stock figures.
The President released a video address today with his remarks centered around the events that unfolded yesterday at the US Capitol. He basically threw his supporters and those he convinced to rally and march on Washington, under the bus. A complete 180 from the rhetoric he has been spewing for the last several months. Perhaps he is concerned for himself from a legal standpoint or maybe attempting to salvage some type of legacy. Regardless, this was further evidence that he is putting himself ahead of the country. How will his most loyal supporters interpret his statement? Will they feel betrayed? Will they feel abandoned? Do they even realize what he said? Or will they just shrug it off? The answers to these questions matter as this nation remains divided. So can we unite or will divisions and tensions rise even further? Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Vote #Jobs #Liberty #Revolution #EndTheFed #Debt #BananaRepublic #Bailouts