Category: Unemployment
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USA Facts (w/Steve Ballmer)
In the “Just the Facts About the US Economy” Steve Ballmer discusses the current state of the US economy, focusing on key areas such as inflation, employment, wages, and income distribution. The US economy experienced a significant decline in real growth due to the COVID-19 pandemic but recovered with a surge in 2021. Real GDP…
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Bianco Predicts…
The Magnificent Seven stocks (FANG stocks, plus Tesla, Microsoft, and Nvidia) have contributed significantly to the overall market gains. Bianco attributes their success to the hype around artificial intelligence and the rollout of new technologies. However, he also notes that the performance of the other 493 stocks in the S&P 500 has been less impressive,…
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Big Bank President?
He suggests that the country’s lackluster economic growth can be attributed to shortcomings in areas such as immigration, taxation, mortgages, affordable housing, and healthcare. Dimon also discusses the need for better education and expanding the Earned Income Tax Credit as a form of industrial policy to improve social outcomes. While Dimon acknowledges his interest in…
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JUNE FOMC
https://assets.realclear.com/files/2023/06/2201_fomc.pdf June FOMC Meeting: Saying They Will If They Have To, But Hoping They Won’t Have To? › The FOMC made no change to the Fed funds rate target range, leaving the mid-point of the target range at 5.125 percent › The updated dot plot implies a terminal Fed funds rate target range mid-point of…