“When you’re homeless, the hardest thing is to get something hot.”
...after taking action to deter suspected scammers from filing false applications in hopes of getting payments, PUA applications dropped sharply to 145,790, a decline of more than 72%...
"We don’t have the $$$ of the rich but we have the power of the people."
The reality is, the economy’s in very bad shape. The idea that we’re going to bounce back out of this with all this pent up demand is nonsense...
The cost of living in New York City is so steep that in the past 4 months, 35% have considered leaving...
...only 16% of respondents said they expected the economy to worsen in the year ahead
Solomon could be hoping to take advantage of a real estate market that is seeing an exodus from cities and crowded areas as a result of the coronavirus pandemic.
Furthermore, will that salary be sufficient to pay for the debt involved with getting your degree?
...the data show that certain physical aspects of the economy – where people are physically going to do business in some manner – are still very far from the “old normal.”
And this is 7 months after the lockdowns began!
This is bad...
The worst news of all is that the 'control group' which is used for GDP calculations showed a 0.1% drop MoM in August, crushing the self-sustaining recovery narrative...
What would normally have been a lavish unveiling fell on the deaf ears and the muted pulse of a city that is still all but shut down as a result of the coronavirus pandemic.
"You roll down that window, and you see the tears in that person's eyes who never thought they would need the help of a food bank."
"Main Street is struggling..."
If this is “the recovery”, what are things going to look like once economic conditions start to deteriorate again?
"And it's going to get worse because there is nothing..."
...non-seasonally-adjusted initial claims rose for the second week in a row...
While intergenerational wealth certainly has resilience, how much economic and social turmoil can it withstand?