Off The Charts Growth
09-19-2020 | 12:25 PM
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Off The Charts Growth
St. Louis Federal Reserve President James Bullard offered an optimistic look on the U.S. economy, with "off the charts" growth that will help lift inflation.
Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week. Unemployment in August was 8.4%, down from the pandemic peak of 14.7%.
"This is the biggest growth quarter of all time in the U.S.," he said Friday during a moderated discussion with the Boeing Center for Supply Chain Innovation. "It looks like 30% at an annual rate. Crazy number, way off the charts compared to anything we're used to in U.S. post-war macroeconomic history."
Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week. Unemployment in August was 8.4%, down from the pandemic peak of 14.7%.
"This is the biggest growth quarter of all time in the U.S.," he said Friday during a moderated discussion with the Boeing Center for Supply Chain Innovation. "It looks like 30% at an annual rate. Crazy number, way off the charts compared to anything we're used to in U.S. post-war macroeconomic history."
09-19-2020 | 01:05 PM
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Joined: Mar 2008
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From: A330 FO
St. Louis Federal Reserve President James Bullard offered an optimistic look on the U.S. economy, with "off the charts" growth that will help lift inflation.
Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week. Unemployment in August was 8.4%, down from the pandemic peak of 14.7%.
"This is the biggest growth quarter of all time in the U.S.," he said Friday during a moderated discussion with the Boeing Center for Supply Chain Innovation. "It looks like 30% at an annual rate. Crazy number, way off the charts compared to anything we're used to in U.S. post-war macroeconomic history."
Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week. Unemployment in August was 8.4%, down from the pandemic peak of 14.7%.
"This is the biggest growth quarter of all time in the U.S.," he said Friday during a moderated discussion with the Boeing Center for Supply Chain Innovation. "It looks like 30% at an annual rate. Crazy number, way off the charts compared to anything we're used to in U.S. post-war macroeconomic history."
https://on.mktw.net/3mxy71R
Check out this article from MarketWatch - Stock market is at the start of a selloff, says veteran trader Larry Williams
09-19-2020 | 01:23 PM
#6
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Went through Denver airport Friday. All concourses body to body. Long lines are all food service.
Full flights and high fares.
Highest bookings ever at Jackson Hole.
Sorry for the good news. Back to Sailing.
Full flights and high fares.
Highest bookings ever at Jackson Hole.
Sorry for the good news. Back to Sailing.
09-19-2020 | 01:27 PM
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I’m not convinced it’s going to last. Some experts are predicting a market sell off thru October...
https://on.mktw.net/3mxy71R
Check out this article from MarketWatch - Stock market is at the start of a selloff, says veteran trader Larry Williams
https://on.mktw.net/3mxy71R
Check out this article from MarketWatch - Stock market is at the start of a selloff, says veteran trader Larry Williams
The future of America is epic. Regardless of all the worthless nonsense coming out of politician’s mouths.
09-19-2020 | 02:58 PM
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812,214
versus 2,571,924 a year before that same Friday.
31.58%
Might be a tad bit early to bust out the champagne.....
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