Fed's Bullard says U.S. unemployment rate may hit 30% in the second quarter

[StretfordRed]

Trump lied to the public about this...

Has she come full circle and off her Daily Mail mid-right rants?

Man I love American politics and studied it (unofficial) for years, it so horrible that this has happened, but I think we’ll see what really will turn the tide on Trump support if this cripples your country for a few years.

Either now or in hindsight the people will know he handled this wrong and was corrupt in his dealings

 

[calixprynce]

even despite Fed interjection , DOW still dropping and will drop even more if Trump opens his mouth.

I say we hit 15K in April

 

[Wild self]

This country cannot survive with 30% unemployment. Literal blood in the streets. It would literally be 3rd world status. The homelessness rate would skyrocket. The crime wave that would occur from this would make the crack era look like a walk in the park. The political and geopolitical ramifications would be felt for the remainder of the 21st century. Not to mention black America would be devastated.

People in this thread think differently and believe that the federal government exists to do everything BUT to help the general population. They think that America can survive with 75 million unemployed adults and 50 million underemployed adults on a regular basis

 

[UpAndComing]

If that comes to pass, then Donald J. Trump can objectively be called the worst president in American history. Besides the dude before Lincoln that let the Civil War happen.

Add Harry Truman

He's the one who made the American dollar not be backed by Gold anymore

 

[The M.I.C.]

@Rhakim You gonna save these nikkas with your words bytch?

 

[Professor Emeritus]

@Rhakim You gonna save these nikkas with your words bytch?

Look at this man spazzing out, I really triggered him something fierce. Who would take financial advice from someone who calls people "bytch" on the internet when he loses an argument?

From the OP:

Bullard urged that unemployment insurance cover 100% of lost income for workers, and call it “pandemic insurance” since the disruption is intended to block the spread of the coronavirus.

That sounds like it would be more than sufficient. Even the Fed is right twice a day. So what did you call me in here for?

 

[G.O.A.T Squad Spokesman]

 

[G.O.A.T Squad Spokesman]

 

[MikelArteta]

and only going to get worse
how much longer do you think these restaurants etc. can survive only doing takeout?
gyms will start laying off staff the longer this goes

we will all be oliver twist soon

 

[JerseyBoy23]

The thing is though it'll still be worse than the numbers. Gig workers and freelancers can't claim unemployment.

 

[Hoshi_Toshi]

They started hitting the closed businesses around here. Smashed windows out at 5 different restaurants. Even stole the smoker from a BBQ joint.

 

[Nikki_04]

Trump might change his tune...he may try to open up the country.

He's like a terrible stock investor...he knows what he should do (wait it out), but it gets so bad that he wants to pull out his money against sane advice.

 

[King Poetic]

Trump can’t literally keep shyt closed till April 30

people don’t have 28 days to survive out here especially when people living check to check and pretty soon credit cards are max out

and even worse the government haven’t stopped landlords/ mortgage companies, utility companies, student loans , etc from getting paid

How can many pay they bills when they not working

starts with the leadership of this country down to all the democrats and republicans from each city and state

 

[Art Barr]

What exactly
did Cheeto do as president besides bully Canada, Mexico , Iran , undo all of obeezy's deals . Caused a ruckus with China and inflated Wall Street

trump cut the cdc and here we are.
this whole shyt is proving their good ole boi system is all smoke and mirrors and never worked.

also,...
that thirty Percent should be multiplied by three too.
to get the real number of unemployment.



art barr