Pent Up Demand and The Upcoming Roaring '20s

[Chicks]

U.S. Jobless Claims Fall to Pandemic Low as Economy Accelerates

https://www.bloomberg.com/news/artic...h-pandemic-low

Applications for U.S. state unemployment insurance unexpectedly plunged to a fresh pandemic low as the job market recovery gathers steam.

The job market is strengthening as employers look to fill positions that were left empty by pandemic restrictions that have now been eased. Growth should speed up even more following a nationwide goal of administering an average of three million vaccinations per day. The claims data follow strong manufacturing, retail sales and other indicators in recent weeks.

What a difference competent leadership makes. Thank you, Joe! Surely Trumpkins must be waking up to the fact that their Dear Leader lied to them.

[Dondilion]

Biden - Reversing a decade of underinvestment in America - Reasserting the leading role of the state in economics.

https://theguardian.com/commentisfre...spending-plans

[bobabode]

Originally Posted by Dondilion

Biden - Reversing a decade of underinvestment in America - Reasserting the leading role of the state in economics.

https://theguardian.com/commentisfre...spending-plans

A good read. Thanks Don.

[RickeyM]

Originally Posted by Chicks

U.S. Jobless Claims Fall to Pandemic Low as Economy Accelerates

https://www.bloomberg.com/news/artic...h-pandemic-low



What a difference competent leadership makes. Thank you, Joe! Surely Trumpkins must be waking up to the fact that their Dear Leader lied to them.

You give them too much credit, way too much. So programmed of his "greatness", without even being prompted, they'll give Rump the credit for the good numbers.

[Chicks]

U.S. consumer confidence vaults to 14-month high in April

https://finance.yahoo.com/news/u-con...141118476.html

Huh. Must be more of that "fake news", eh Trumpkins?

[Chicks]

The economy grew 6.4% in Q1 as stimulus checks, COVID shots, looser business constraints spurred more spending

https://finance.yahoo.com/news/econo...123338704.html

A U.S. economy that was supposed to be ailing this past winter instead got a couple of big shots in the arm, kicking off what’s likely to be a historically strong year.

Economic growth accelerated in early 2021 as federal stimulus checks and fast-growing COVID vaccinations left consumers flush with cash and ready to spend it just as more states lifted business constraints. The developments pushed up a recovery that wasn’t supposed to gather force until mid-year.

Employers added 468,000 jobs in February and 916,000 in March – months that were widely expected to feature paltry gains or even losses before the federal assistance was approved and the pace of vaccinations picked up.

The U.S. is on course to reach herd immunity -- which makes person-to-person transmission highly unlikely – by late May, and the economy should be fully reopened by June, according to Pantheon Macroeconomics. As Americans return to activities such as dining out, traveling and going to movies, consumption is expected to ramp up further.

As a result, the economy is projected to grow 6.2% this year, the most since 1984, according to economists surveyed by Wolters Kluwer Blue Chip Financial Indicators.

Thank you, Joe! This is showing emphatically that the Repubes were lying all along about the economy...

[Chicks]

Stocks jump to record highs after Biden unveils ambitious proposals, earnings top estimates

https://finance.yahoo.com/news/stock...221727019.html

...and the hits just keep on comin'...

[Chicks]

Biden Wants To Go Tough On Wall Street. The Response? The Best Rally Since FDR

https://www.npr.org/2021/05/01/99216...ally-since-fdr

President Biden wants to raise taxes on corporations and wealthy investors. His top market regulator has promised a tougher approach. And leading Democrats who control Congress are proud adversaries of moguls and money managers.

So, how has the stock market responded?

With a rally that has sent the S&P 500 to an 11% surge in Biden's first 100 days, the best performance by the various versions of the index since Franklin Delano Roosevelt started his first term in 1933, according to an NPR analysis of S&P data.

"The stock market is on fire," says Greg Valliere, Chief U.S. Policy Strategist at AGF Investments. "It has astonished veteran observers, and it may have a ways to go."

Sorry, Trumpkin idiots. You've been conned by Don.

[RickeyM]

Sorry? Not sorry. We told them so.

[Chicks]

Stocks post record run under Biden

https://finance.yahoo.com/news/stock...040105906.html

President Joe Biden has seen historic growth in stocks since winning the election, with markets outperforming the gains of his predecessors going back to Harry Truman.

Since Election Day, the S&P 500 has climbed 26% through Friday, making it the best 220-day stretch for stocks after a presidential election since World War II, according to investment research firm CFRA.

The only administration going back to World War II to come close to Biden’s gains was that of John F. Kennedy, who saw an 18.3% rise in the same time span.