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Mexico's health minister says testing is a waste of time as 50% of Covid-19 tests are positive.
The unemployment rate fell 2.2 percentage points to 11.1% but claims data and the reference week raise significant questions.
Going to comment on this shortly
Nonfarm payrolls expanded by a record 4.8 million but that leaves another 15 million to go.
where did I say or imply the Fed was tightening?
In the minutes of the June 9-10 FOMC meeting, the Fed discussed racism, Covid, Forward Guidance, Asset Purchases, and Yield Curve Caps.
General Motors, Toyota, and Chrysler all report steep declines in auto sales. On the plus side, the results were better than many expected.
No economists in a recent survey thinks the recovery will be V-shaped but opinions regarding the shape have changed since the last survey in late Lay.
In 2008 everyone knew the economy was in bad shape. Today, views vary tremendously by party affiliation.
They did indeed factor it in. They wrote riders excluding it unless someone paid for it.