Home 2020 “We are Almost ‘Out of the Woods'”

“We are Almost ‘Out of the Woods'”


Last Friday’s NFPs jobs report gave our economy some good news for the 1st time since the C-19 coronavirus chaos shutdowns began, making the American dreams of a “V-shaped” recovery begin to come true, according to a Trump Administration economic adviser.

It was a very, very strong report, and let’s just hope this can continue,” Steven Moore said in an interview Sunday “If we get a few more months of this, we are going to be out of the woods.”

The announcement of a decline in the unemployment rate and the addition of 2.5-M jobs was a welcome sight, even President Trump did not anticipate so soon, Mr. Moore said

The funny thing is that Trump said he thought we would have a V-shaped recovery starting in July,” Moore said. “It looks like the V-shaped recovery started in May.”

The George Floyd triggerd dmestic terroist riots will not tarnish positive economic news.

I think the damage has been locational,” Mr. Moore concluded. “It has been very bad for some of these big cities.

But, I think that the rest of the country will be mostly unaffected by those riots, and we are going to see continued good news on the economy.”

Have a healthy week, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.