Originally posted Apr 7, 2020
There will be explosive political fireworks brewing throughout the country about keeping the Wall Street economy alive during the COVID-19 containment versus keeping the Main Street economy alive. As of today, we have:
47 jobless workers for every confirmed coronavirus case;
320 jobless for every hospitalization; and
2,112 jobless for every coronavirus death
Cumulative initial claims are now expected to hit 20 million before the end of April When placed in historical context, the reported 6.6 million of initial unemployment claims (thin red line on the right margin) filed thru last Saturday truly give the notion of being “off the charts” a wholly new definition.
Las Vegas, NV·Updated Apr 7, 2020