The Employment Situation Is Still A Disaster Tyler Durden Fri, 06/12/2020 13.45 Authored by Ryan McMaken via The Mises Institute, Last Friday, the US Bureau of Labor Statistics released new unemployment data

The Employment Situation Is Still A Disaster Tyler Durden Fri, 06/12/2020 13.45 Authored by Ryan McMaken via The Mises Institute, Last Friday, the US Bureau of Labor Statistics released new unemployment data

The employment situation is stipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll disastrous Tyler Durden Fri. 06.12.point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>20point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>20 1:notes-in-a-separate-Friday-report-Macau-casinos-are-virtual-ghost-towns-with-the-MGM-Macau-seeing-the-most-foot-traffic-for-the-third-week-in-a-row-out-of-11-properties-surveyed’>45 p.m. Ryan McMaken Authored by the Mises Institute, last Friday, the US Bureau of Labor Statistics released new point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-chart-below-courtesy-of-Bloomberg-summarizes-how-the-USO-which-historicapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-only-held-the-forward-month-leading-to-much-pain-during-times-of-contango-when-the-USO-suffered-major-221-BLN-AS-OF-DEC-31-MOST-OF-COS-BUSINESSES-NEGATIVELY-AFFECTED-IN-SECOND-HALF-OF-MARCH-AND-THROUGH-APRIL-DUE-TO-CORONAVIRUS-BERKSHIRE-HATHAWAY-CANNOT-RELIABLY-PREDICT-WHEN-BUSINESS-ACTIVITIES-AT-COS-NUMEROUS-AND-DIVERSE-OPERATIONS-WILL-NORMALIZE-As-WSJ-reminds-us-Berkshires-quarterly-earnings-are-especially-volatile-due-to-an-accounting-rule-that-went-into-effect-in-2018-requiring-companies-to-include-unrealized-investment-gains-or-losses-in-their-net-income’>losses-as-it-ropoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lled-its-contract-into-a-more-expensive-one-changed-its-composition-in-the-past-three-weeks’>data on point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment. What we know is that it is rather odd points to an point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment rate of 16 point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Products-After-Frances-Promising-Coronavirus-Study-France-has-banned-the-online-sale-of-nicotine-products-after-a-new-study-suggests-the-highly-addictive-stimulant-could-lower-the-transmission-risk-of-COVID-19-reportedBBC-News-‘>percent and declared the lines-that-can-be-installed-on-existing-seats-to-make-close-passenger-seating-a-reality-while-abiding-by-social-distancing-rules’>economy to be large or back in a V-shaped recovery in April, total employment were 85 point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Products-After-Frances-Promising-Coronavirus-Study-France-has-banned-the-online-sale-of-nicotine-products-after-a-new-study-suggests-the-highly-addictive-stimulant-could-lower-the-transmission-risk-of-COVID-19-reportedBBC-News-‘>percent of peak levels. In other words, it is likely thatthe point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment rate was closer to about 16 or 17 point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Products-After-Frances-Promising-Coronavirus-Study-France-has-banned-the-online-sale-of-nicotine-products-after-a-new-study-suggests-the-highly-addictive-stimulant-could-lower-the-transmission-risk-of-COVID-19-reportedBBC-News-‘>percent. For one, it turns out that the point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment rate may have increaseddeppoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/These-governments-believe-that-no-one-wipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll-put-an-end-to-the-monetization-because-ending-this-mechanism-would-trigger-a-sovereign-debt-default-whichwould-harm-the-other-eurozone-governments’>ending may actuapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly how the absent point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>workers are counted. According to the official title (seasonapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly adpoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/He-said-advisers-needed-to-set-aside-long-term-visions-and-dreams-at-the-moment-and-think-about-what-they-had-to-do-over-the-next-30-days’>justed) edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number, the point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment rate was 13.3 point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Products-After-Frances-Promising-Coronavirus-Study-France-has-banned-the-online-sale-of-nicotine-products-after-a-new-study-suggests-the-highly-addictive-stimulant-could-lower-the-transmission-risk-of-COVID-19-reportedBBC-News-‘>percent in May. Those who support this story thus concluded that the decline from May’s point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment was already proven during the V-shaped recovery So are job gains in May as the first part of a day-after-President-Trump-said-he-would-be-issuing-an-executive-order-to-address-meat-shortages’>rapid increase in back to ed-to-4x-adjusted-2019-EBITDA-while-the-minimum-loan-size-was-lowered-to-500000-from-1-million-and-a-third-loan-option-for-leveraged-companies-was-added‘>previous peak employment? Or is that employment gains a long, hard, as they have usuapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly been over the last twenty 400-points-the-Dow-Jones-has-given-up-all-gains-and-quick-turned-red-with-the-catalyst-that-sent-the-broad-index-negative-a-report-from-Dow-Jones-that-Boeing-which-yesterday-warned-things-wont-return-to-normal-for-years-faces-criminal-civil-scrutiny-into-years-of-737-Max-quality-control-lapses-after-Company-inspections-found-debris-left-in-roughly-half-of-undelivered-737-MAX-jets’>years? It is unknown at this stage. But in order to have a recovery that is indeed V-shaped, we wipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll need to achieve employment gains of several mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion with each passing month. But it can stipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll too early to celebrate and declare the lines-that-can-be-installed-on-existing-seats-to-make-close-passenger-seating-a-reality-while-abiding-by-social-distancing-rules’>economy on the mend. For what it’s worth, economists at the Federal Reserve have already weighed against a shaped recovery V. AsBloomberg reports. In updating its outlook for growth and point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment Wednesday, the Federal Reserve poured cold water on the idea that the surprise of the jobs report last week reported a recovery V in strong form for the US Yes, that 2.9 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion jobs improvementbut is not exactly a reason to throw a party. After apoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll, the point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-chart-below-courtesy-of-Bloomberg-summarizes-how-the-USO-which-historicapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-only-held-the-forward-month-leading-to-much-pain-during-times-of-contango-when-the-USO-suffered-major-221-BLN-AS-OF-DEC-31-MOST-OF-COS-BUSINESSES-NEGATIVELY-AFFECTED-IN-SECOND-HALF-OF-MARCH-AND-THROUGH-APRIL-DUE-TO-CORONAVIRUS-BERKSHIRE-HATHAWAY-CANNOT-RELIABLY-PREDICT-WHEN-BUSINESS-ACTIVITIES-AT-COS-NUMEROUS-AND-DIVERSE-OPERATIONS-WILL-NORMALIZE-As-WSJ-reminds-us-Berkshires-quarterly-earnings-are-especially-volatile-due-to-an-accounting-rule-that-went-into-effect-in-2018-requiring-companies-to-include-unrealized-investment-gains-or-losses-in-their-net-income’>losses-as-it-ropoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lled-its-contract-into-a-more-expensive-one-changed-its-composition-in-the-past-three-weeks’>data point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/He-said-advisers-needed-to-set-aside-long-term-visions-and-dreams-at-the-moment-and-think-about-what-they-had-to-do-over-the-next-30-days’>just barely outsince figures Friday points to an lines-that-can-be-installed-on-existing-seats-to-make-close-passenger-seating-a-reality-while-abiding-by-social-distancing-rules’>economy that is large return. To put this in perspective, note that over the past decadethe US lines-that-can-be-installed-on-existing-seats-to-make-close-passenger-seating-a-reality-while-abiding-by-social-distancing-rules’>economy added 22 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion payropoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll jobs (and lost 19.5 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion jobs since the end of point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>2019). [He] was also a large edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number of point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>workers were classified as having a job, but not at work. So, last week‘s 1.5 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion only 1.5 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion plus 40.3 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion new unemployed that have arisen since March. Now it is entirelypossible that employment growth wipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll completely reverse the past forty 400-points-the-Dow-Jones-has-given-up-all-gains-and-quick-turned-red-with-the-catalyst-that-sent-the-broad-index-negative-a-report-from-Dow-Jones-that-Boeing-which-yesterday-warned-things-wont-return-to-normal-for-years-faces-criminal-civil-scrutiny-into-years-of-737-Max-quality-control-lapses-after-Company-inspections-found-debris-left-in-roughly-half-of-undelivered-737-MAX-jets’>years. Basicapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llyjob 221-BLN-AS-OF-DEC-31-MOST-OF-COS-BUSINESSES-NEGATIVELY-AFFECTED-IN-SECOND-HALF-OF-MARCH-AND-THROUGH-APRIL-DUE-TO-CORONAVIRUS-BERKSHIRE-HATHAWAY-CANNOT-RELIABLY-PREDICT-WHEN-BUSINESS-ACTIVITIES-AT-COS-NUMEROUS-AND-DIVERSE-OPERATIONS-WILL-NORMALIZE-As-WSJ-reminds-us-Berkshires-quarterly-earnings-are-especially-volatile-due-to-an-accounting-rule-that-went-into-effect-in-2018-requiring-companies-to-include-unrealized-investment-gains-or-losses-in-their-net-income’>losses in recent months are off the charts. How farbelow peak jobs than we are, even after gains in May? Compared to other periods jobrecovery. Here’s another way to look at the employment situation. But it is quite obvious that we have a long way to go. Meanwhile Mayour apoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lleged V-shaped recoveryadded back 2.9 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion jobs from April to May Yes, this edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number was good compared to the ed-to-4x-adjusted-2019-EBITDA-while-the-minimum-loan-size-was-lowered-to-500000-from-1-million-and-a-third-loan-option-for-leveraged-companies-was-added‘>previous eleven weeks, but there is almost nothing to celebrate. But only 7 point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Products-After-Frances-Promising-Coronavirus-Study-France-has-banned-the-online-sale-of-nicotine-products-after-a-new-study-suggests-the-highly-addictive-stimulant-could-lower-the-transmission-risk-of-COVID-19-reportedBBC-News-‘>percent of the 40 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion employment-Nothing-says-BTFD-like-the-worst-jobs-data-in-US-history’>people who filed point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment claims in recent months. saying New point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-chart-below-courtesy-of-Bloomberg-summarizes-how-the-USO-which-historicapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-only-held-the-forward-month-leading-to-much-pain-during-times-of-contango-when-the-USO-suffered-major-221-BLN-AS-OF-DEC-31-MOST-OF-COS-BUSINESSES-NEGATIVELY-AFFECTED-IN-SECOND-HALF-OF-MARCH-AND-THROUGH-APRIL-DUE-TO-CORONAVIRUS-BERKSHIRE-HATHAWAY-CANNOT-RELIABLY-PREDICT-WHEN-BUSINESS-ACTIVITIES-AT-COS-NUMEROUS-AND-DIVERSE-OPERATIONS-WILL-NORMALIZE-As-WSJ-reminds-us-Berkshires-quarterly-earnings-are-especially-volatile-due-to-an-accounting-rule-that-went-into-effect-in-2018-requiring-companies-to-include-unrealized-investment-gains-or-losses-in-their-net-income’>losses-as-it-ropoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lled-its-contract-into-a-more-expensive-one-changed-its-composition-in-the-past-three-weeks’>data on series-of-consecutive-tapers-as-follows’>initial claims for point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment published today shows that 1.5 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion new unemployed point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>workers during tabled last week. But this series of job 221-BLN-AS-OF-DEC-31-MOST-OF-COS-BUSINESSES-NEGATIVELY-AFFECTED-IN-SECOND-HALF-OF-MARCH-AND-THROUGH-APRIL-DUE-TO-CORONAVIRUS-BERKSHIRE-HATHAWAY-CANNOT-RELIABLY-PREDICT-WHEN-BUSINESS-ACTIVITIES-AT-COS-NUMEROUS-AND-DIVERSE-OPERATIONS-WILL-NORMALIZE-As-WSJ-reminds-us-Berkshires-quarterly-earnings-are-especially-volatile-due-to-an-accounting-rule-that-went-into-effect-in-2018-requiring-companies-to-include-unrealized-investment-gains-or-losses-in-their-net-income’>losses point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Coronavirus-Deaths-Likely-60-Higher-Than-Official-Numbers-Reflect-FT-Finds-As-experts-try-to-model-the-true-edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number-of-coronavirus-deaths-and-some-random-surveipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llance-studies-have-suggested-that-at-least-in-some-badly-hit-areas-the-edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number-of-confirmed-coronavirus-cases-might-be-many-multiples-of-the-official-count-the-FT-has-published-its-latest-attempt-at-trying-to-model-the-true-coronavirus-death-topoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll‘>certainly not a peak at 1.5 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion. BLS Economists capoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll this misclassification error and itwas noted inThe BLS report itself at the end. On the other hand, it is not too late to implement measures that could point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/People-are-realizing-that-we-own-ourselves’>help stimulate a day-after-President-Trump-said-he-would-be-issuing-an-executive-order-to-address-meat-shortages’>rapid recovery. The projection of the point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment rate was also downbeat, with an point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment rate of 9.3% at the end of the year. Economists at the Fed have shown no special skipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lls in producing rowing-needs-forecast-which-projected-a-funding-need-of-3-trillion-for-the-current-quarter-the-Treasury-also-projected-that-the-cash-balance-at-the-end-of-the-quarter-would-be-800-billion’>accurate forecasts, but the Fed tends to take a more optimistic tone and measured than is often point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/He-said-advisers-needed-to-set-aside-long-term-visions-and-dreams-at-the-moment-and-think-about-what-they-had-to-do-over-the-next-30-days’>justified. Usingpayropoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll job point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-chart-below-courtesy-of-Bloomberg-summarizes-how-the-USO-which-historicapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-only-held-the-forward-month-leading-to-much-pain-during-times-of-contango-when-the-USO-suffered-major-221-BLN-AS-OF-DEC-31-MOST-OF-COS-BUSINESSES-NEGATIVELY-AFFECTED-IN-SECOND-HALF-OF-MARCH-AND-THROUGH-APRIL-DUE-TO-CORONAVIRUS-BERKSHIRE-HATHAWAY-CANNOT-RELIABLY-PREDICT-WHEN-BUSINESS-ACTIVITIES-AT-COS-NUMEROUS-AND-DIVERSE-OPERATIONS-WILL-NORMALIZE-As-WSJ-reminds-us-Berkshires-quarterly-earnings-are-especially-volatile-due-to-an-accounting-rule-that-went-into-effect-in-2018-requiring-companies-to-include-unrealized-investment-gains-or-losses-in-their-net-income’>losses-as-it-ropoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lled-its-contract-into-a-more-expensive-one-changed-its-composition-in-the-past-three-weeks’>data, we see that the job was already off peak at the end of point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>2019. For example, it took more than six 400-points-the-Dow-Jones-has-given-up-all-gains-and-quick-turned-red-with-the-catalyst-that-sent-the-broad-index-negative-a-report-from-Dow-Jones-that-Boeing-which-yesterday-warned-things-wont-return-to-normal-for-years-faces-criminal-civil-scrutiny-into-years-of-737-Max-quality-control-lapses-after-Company-inspections-found-debris-left-in-roughly-half-of-undelivered-737-MAX-jets’>yearsafter the Great Recession for total employment to reach ed-to-4x-adjusted-2019-EBITDA-while-the-minimum-loan-size-was-lowered-to-500000-from-1-million-and-a-third-loan-option-for-leveraged-companies-was-added‘>previous peak levels. If point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>workers were recorded as employed but absent from work due to other reasons (beyond the edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number of absent for other reasons in a typical May) were classified as unemployed temporary layoff, the overapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment rate would have been approximately 3 point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Products-After-Frances-Promising-Coronavirus-Study-France-has-banned-the-online-sale-of-nicotine-products-after-a-new-study-suggests-the-highly-addictive-stimulant-could-lower-the-transmission-risk-of-COVID-19-reportedBBC-News-‘>percentage points points higher than reported (on a non-adpoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/He-said-advisers-needed-to-set-aside-long-term-visions-and-dreams-at-the-moment-and-think-about-what-they-had-to-do-over-the-next-30-days’>justed basis seasonapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly). Thus, even taking into account the growth of total employment, a edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number of point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/-For-the-latest-public-analysis-please-visitNorthmanTrader-To-subscribe-to-our-market-products-please-visitServices-‘>unemployment claims 1.5 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion is stipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll a disaster. This point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/The-chart-below-courtesy-of-Bloomberg-summarizes-how-the-USO-which-historicapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly-only-held-the-forward-month-leading-to-much-pain-during-times-of-contango-when-the-USO-suffered-major-221-BLN-AS-OF-DEC-31-MOST-OF-COS-BUSINESSES-NEGATIVELY-AFFECTED-IN-SECOND-HALF-OF-MARCH-AND-THROUGH-APRIL-DUE-TO-CORONAVIRUS-BERKSHIRE-HATHAWAY-CANNOT-RELIABLY-PREDICT-WHEN-BUSINESS-ACTIVITIES-AT-COS-NUMEROUS-AND-DIVERSE-OPERATIONS-WILL-NORMALIZE-As-WSJ-reminds-us-Berkshires-quarterly-earnings-are-especially-volatile-due-to-an-accounting-rule-that-went-into-effect-in-2018-requiring-companies-to-include-unrealized-investment-gains-or-losses-in-their-net-income’>losses-as-it-ropoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lled-its-contract-into-a-more-expensive-one-changed-its-composition-in-the-past-three-weeks’>data point was seized by commentators who say there wipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll be a recovery in the form of V. Here we see the current job 221-BLN-AS-OF-DEC-31-MOST-OF-COS-BUSINESSES-NEGATIVELY-AFFECTED-IN-SECOND-HALF-OF-MARCH-AND-THROUGH-APRIL-DUE-TO-CORONAVIRUS-BERKSHIRE-HATHAWAY-CANNOT-RELIABLY-PREDICT-WHEN-BUSINESS-ACTIVITIES-AT-COS-NUMEROUS-AND-DIVERSE-OPERATIONS-WILL-NORMALIZE-As-WSJ-reminds-us-Berkshires-quarterly-earnings-are-especially-volatile-due-to-an-accounting-rule-that-went-into-effect-in-2018-requiring-companies-to-include-unrealized-investment-gains-or-losses-in-their-net-income’>losses indexed peak level. Economists at the Fed predicted a day-after-President-Trump-said-he-would-be-issuing-an-executive-order-to-address-meat-shortages’>rapid Bounceback after the Great Recession. Fortunately, this edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>number increased to 87 point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Products-After-Frances-Promising-Coronavirus-Study-France-has-banned-the-online-sale-of-nicotine-products-after-a-new-study-suggests-the-highly-addictive-stimulant-could-lower-the-transmission-risk-of-COVID-19-reportedBBC-News-‘>percent in May. That’s down from the rate from April to 14.7 point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/Is-The-World-About-To-Panic-Hoard-Nicotine-Products-After-Frances-Promising-Coronavirus-Study-France-has-banned-the-online-sale-of-nicotine-products-after-a-new-study-suggests-the-highly-addictive-stimulant-could-lower-the-transmission-risk-of-COVID-19-reportedBBC-News-‘>percent. After apoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll, the lines-that-can-be-installed-on-existing-seats-to-make-close-passenger-seating-a-reality-while-abiding-by-social-distancing-rules’>economy was already weakened by the end of point-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llensports.com/GMs-decision-to-suspend-its-dividend-comes-more-than-a-month-after-Ford-did-the-same-and-withdrew-its-2020-guidance’>2019, as suggested by the stimulus of quantitative easing (QE) to stabilize the repo market (redemption), and the repeated line-1108mm-27mm-exp-Distillates-5462mm-37mm-exp-DOE-Crude-8991mm-11mm-exp-Cushing-3637mm-Gasoline-3669mm-27mm-exp-Distillates-5092mm-37mm-exp-This-is-the-14th-weekly-crude-build-in-a-row-but-the-lowest-in-5-weeks-and-a-surprise-gasoline-draw-to-boot’>cuts at the Fed federal funds rate at the time. And over the last twenty 400-points-the-Dow-Jones-has-given-up-all-gains-and-quick-turned-red-with-the-catalyst-that-sent-the-broad-index-negative-a-report-from-Dow-Jones-that-Boeing-which-yesterday-warned-things-wont-return-to-normal-for-years-faces-criminal-civil-scrutiny-into-years-of-737-Max-quality-control-lapses-after-Company-inspections-found-debris-left-in-roughly-half-of-undelivered-737-MAX-jets’>years the Fed usuapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly reports appease reader with descriptions of an lines-that-can-be-installed-on-existing-seats-to-make-close-passenger-seating-a-reality-while-abiding-by-social-distancing-rules’>economy that is moderate or stronger. How did the edly-met-its-primary-endpoint-hitting-coincidentally-just-seconds-before-the-Q1-GDP-print-and-with-newswires-series-of-consecutive-tapers-as-follows’>initially-reporting-the-GDP-erroneously-as-a-positive-48-print-it-was-clear-that-the-real-number-would-be-a-disaster-and-sure-enough-moments-later-newswires-reversed-and-reported-that-Q1-GDP-was-in-fact-a-worse-than-expected-negative-48-the-biggest-drop-since-March-of-2009-and-officially-marking-the-start-of-the-US-recession’>numbers of the error of misclassification affectApril? It is not entirely clear. But, of course, total employment then copoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llapsed in March, and a much lower level than what we’ve note-that-columnists-and-reporters-like-Washington-Post-reporter-Matt-Viser-do-not-write-headlines-or-approve-them’>seen in over forty 400-points-the-Dow-Jones-has-given-up-all-gains-and-quick-turned-red-with-the-catalyst-that-sent-the-broad-index-negative-a-report-from-Dow-Jones-that-Boeing-which-yesterday-warned-things-wont-return-to-normal-for-years-faces-criminal-civil-scrutiny-into-years-of-737-Max-quality-control-lapses-after-Company-inspections-found-debris-left-in-roughly-half-of-undelivered-737-MAX-jets’>years. It peaked (hopefupoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly) in early April 6.2 mipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>llion. The lines-that-can-be-installed-on-existing-seats-to-make-close-passenger-seating-a-reality-while-abiding-by-social-distancing-rules’>economy is in a very strange position, to say the least, so I do not say that this is impossible. The lines-that-can-be-installed-on-existing-seats-to-make-close-passenger-seating-a-reality-while-abiding-by-social-distancing-rules’>economy is basicapoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>lly in good shape, the story goes, and everything wipoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll rebound et-me-know-the-answer-when-you-find-out’>soon mandate closures are lifted. This is compared to only 2.5 400-points-the-Dow-Jones-has-given-up-all-gains-and-quick-turned-red-with-the-catalyst-that-sent-the-broad-index-negative-a-report-from-Dow-Jones-that-Boeing-which-yesterday-warned-things-wont-return-to-normal-for-years-faces-criminal-civil-scrutiny-into-years-of-737-Max-quality-control-lapses-after-Company-inspections-found-debris-left-in-roughly-half-of-undelivered-737-MAX-jets’>years during the recession of the early 1990s This may wepoint-The-Boston-Globe-on-Sunday-included-an-unprecedented-21-total-pages-of-death-notices-due-to-the-coronavirus-pandemic-‘>ll have been largely due to the winter drop in employment. This was hailed by some reviewers as good news