"Market Fantasy Updates AM 12/17/20
"Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
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"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
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"Initial Jobless Claims Surge To Highest In Almost 4 Month"
Click image for larger size."After rising for three of the last four weeks (with a big surge in the previous week) as lockdowns re-accelerate across America, analysts expected initial jobless claims to slow modestly this week, but instead claims soared from an upwardly revised 862k to 885k - the highest number of Americans seeking first-time unemployment benefits since September. Illinois and California saw the biggest surge in jobless claims as Texas and Georgia improved most.
Click image for larger size.
These numbers are about to get dramatically worse as the widespread lockdowns imposed on Americans this holiday season begin to really bite." Source: Bloomberg
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Updated live.
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Daily Update (Dec. 16th)
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Insanity...
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And now... The End Game...
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