Tuesday, November 24, 2020

A Tale of Two Economies as the Dow Breaks 30,000

Good vaccine news, Biden transition clarity, Yellen-Powell pro-longed easy money expectation...whatever the reason, the Dow Jones Industrial Average has gained 2,566 points or 9.3% since Election Day and crossed the historic 30,000 milestone today. Yay!!!


But behind the jubilation is a grimmer reality as an already uneven recovery slows...with Wall St and Main St seeing two very different economies:



Joe Biden and his team have a big task to not only put the US economy on a solid footing but tackle gaping income inequality and a host of related problems...


at
Labels: , , , , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Love Me Some Eminem

 President Obama living his best life ...at a rally for Harris. Lose yourself in cool.

  • Krugman vs Summers: The Stimulus Debate
    This is more a discussion than a "debate" between two giants of the economics profession. Both are Democrats and agree on the basi...
  • The Race to Buy Chelsea FC
    Russian oligarch Roman Abramovich purchased Chelsea FC in 2003 for £140 million (£60 million for the club plus £80 million of debt). His la...
  • Making Weekends Last Longer
    Even though many of us are still working from home and days of the week can sometimes meld into one another, the weekend still seems to (and...