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“If we don’t #SupportPeople who have lost their #Jobs, then they can’t pay their #Bills and then it ripples through the #Economy and the #Downturn is much worse than it needs to be.” #Fed officials have been #Warning about a #FailureToAct. https://www.cnbc.com/2020/10/07/feds-kashkari-warns-delaying-stimulus-will-have-enormous-consequences-.html
CNBC.COM
Fed's Kashkari warns delaying stimulus will have 'enormous consequences'
#NonfarmPayroll rose by a lower than expected 661,000 in September and the #UnemploymentRate was 7.9%...The decline in the unemployment rate came along with a 0.3 percentage point drop in the #LaborForceParticipation rate to 61.4%. https://www.cnbc.com/2020/10/02/jobs-report-september-2020.html
CNBC.COM
Last jobs report before election shows slowdown in hiring
#MortgageApplications to #Purchase a home fell 2% for the week / 22% higher than a ago. #Applications to #Refinance a #HomeLoan...fell 7% for the week / 52% higher compared with a year ago https://www.cnbc.com/2020/09/30/mortgage-demand-falls-nearly-5percent-even-as-interest-rates-dip-to-record.html
CNBC.COM
Mortgage demand falls nearly 5%, even as interest rates set another record low
#GAO found questions remain about the #ForgivenessProcess - #SBA issued rules and guidance on a “#RollingBasis.” The report added that “applying for #LoanForgiveness is more time consuming than applying for the #PPPLoan itself.” https://www.cnbc.com/2020/09/24/banks-small-businesses-look-to-congress-to-streamline-ppp-forgiveness.html
CNBC.COM
Banks and small businesses look to Congress to streamline PPP forgiveness
#FederalReserve Chairman Jerome Powell urged #Congress on Wednesday to provide the #US #Economy with more #FiscalSupport to combat the #Coronavirus...a loan that could be difficult to repay...direct fiscal support may be needed.” #Covid19 #Recession https://www.cnbc.com/2020/09/23/fed-calls-for-more-fiscal-stimulus-market-analysts-on-whats-next.html
CNBC.COM
Fed calls for more fiscal stimulus. Four market analysts on what's ahead for stocks
...the figures for #State #Unemployment #Insurance don’t capture the #Workers who shift onto #Different #BenefitPrograms for the #LongerTerm #Unemployed. Those ranks are increasing as the weeks drag on. #PEUC https://www.cnbc.com/2020/10/22/unemployment-claims-are-down-its-not-all-for-good-reasons.html
CNBC.COM
Unemployment claims are down. It’s not all for good reasons
"...unless / until we see more #Relief & #Stimulus from #FiscalPolicy & better #Therapeutics & #Vaccines the #Economy will #RecoverSelectively while “#Econ101” still defines the #Nature #Scope & #Duration of this #Economic “#Recovery.” #Substitution https://www.cnbc.com/2020/10/21/commentary-kudlow-is-wrong-this-is-not-a-v-shaped-recovery.html
CNBC.COM
Insana: Kudlow is wrong, this is not a V-shaped recovery
#AmericanWorkers continued to hit the #UnemploymentLine in large numbers last week with 898,000 #NewClaims filed for jobless benefits...level of #ContinuingClaims continues to fall at a brisk pace declining by 1.165 million to just over 10 million. https://www.cnbc.com/2020/10/15/weekly-jobless-claims.html
CNBC.COM
Jobless claims jump, hitting highest level since mid-August
Ex autos,gas,bldg mtls & food svcs, #RetailSales nudged up 0.1% - revised 0.9% increase in Sept. ...#CoreRetailSales correspond most closely w/#Consumer spend component of #GDP. ...previously estimated to have risen 1.4% in September. https://www.cnbc.com/2020/11/17/us-retail-sales-october-2020.html
CNBC.COM
U.S. retail sales miss expectations in October
“You should realize you have more #Uncertainty ahead now than you think. The #Returns can be a lot #Better or a lot #Worse than you think...There’s a tendency of #People to #Underestimate that #Uncertainty is #Chronic.” #Covid #Testing #BlackSwan #Denial
https://www.cnbc.com/2020/11/02/black-swan-author-nassim-taleb-on-government-covid-incompetence.html
CNBC.COM
‘Black Swan’ author: Global coronavirus response a case study of government incompetence and denial
“The #Benefits of #LowInterestRates have been completely #Erased by steep #PriceGains...we can expect #Affordability to play a much larger role in #Housing over the coming months, as #WageGrowth cannot keep pace with rising home prices.” https://www.cnbc.com/2020/10/29/surprise-drop-in-september-home-sales-as-buyers-get-priced-out.html
CNBC.COM
There was a surprise drop in September home sales as buyers were priced out
These 10 #Charts show how the #Economy performed under Trump versus #Prior #Presidents https://www.cnn.com/interactive/2020/10/business/us-economy-trump-vs-other-presidents/
CNN.COM
These 10 charts show how the economy performed under Trump versus prior presidents
“What was interesting about it was it came from the #Hawks on the #Fed and it came from the #Doves on the Fed. It was a thoroughly synchronized, consistent and almost incessant #Chant.” #FiscalStimulus #Congress https://www.cnbc.com/2020/10/28/the-fed-.html
CNBC.COM
As Washington delays stimulus, the Fed is running out of ways to help the economy
~40% of #JoblessWorkers in January were #LongTermUnemployed the BLS reported Friday...grown steadily since spring - is approaching record set in April 2010 (#GreatRecession) [when] 46% of the #Unemployed were out of work at least six months. https://www.cnbc.com/2021/02/05/long-term-unemployment-is-rising-toward-a-great-recession-record.html?&qsearchterm=unemployment
CNBC.COM
Long-term unemployment is close to a Great Recession record
“#SeniorPoverty, or the risk of it, is a problem that’s so often #Hidden in plain sight,” she said. “#LongerLives will be #PoorerLives for far too many people.” #Veteran #Covid #PUA #Unemployed #OlderAmericans https://www.cnbc.com/2021/02/06/how-covid-led-to-unemployment-for-older-americans.html
CNBC.COM
They went bust in the Great Recession. Now, in their 80s, the pandemic took their jobs
...#NonfarmPayrolls increasing by 49,000 - #UnemploymentRate fell to 6.3%...drop in #Unemployment came as #LaborForceParticipation rate edged lower to 61.4% and 406,000 workers left the labor force... #U6 also dropping to 11.1% from 11.7% in December. https://www.cnbc.com/2021/02/05/jobs-report-january-2021.html
CNBC.COM
Payrolls barely grow to start 2021 even as the unemployment rate fell to 6.3%
#SuiteHotels are cheaper to #Convert, as they already have kitchens. Standard rooms don’t require all that much work, either. The demand for these #Affordable #Units is only getting stronger. #AffordableHousing https://www.cnbc.com/2021/02/04/want-to-own-an-apartment-building-buy-a-distressed-hotel-cheap.html
CNBC.COM
Want to own an apartment building? Buy a distressed hotel for pennies on the dollar
I thought I was well-prepared, but it was still a #BumpyRide for a couple of years until I really felt settled. Today, I’m #Retired and living on just $1,000 per month. Here are some #Tips I wish I’d known in the beginning: #Foreign #ExPat #IRS # https://www.cnbc.com/2021/02/03/leaving-the-states-what-a-retiree-wishes-she-knew-before-moving-to-mexico-on-1000-a-month.html
CNBC.COM
Thinking of leaving the U.S.? What this 64-year-old wishes she knew before retiring in Mexico—on $1,000 a month
