Trump Lies about the Economy
Sep 21, 2020 14:46:41 #
You see the Math never lies and no matter who the talking heads are on Wall Street,
... things just don’t Add Up on Main Street...
The Longer the Covid Hoax and Lockdown continues the more businesses will close as demand for everything from A to Z collapses !!!
Who really are Trump’s advisors and who is feeding them with all the false data ?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Yelp Reveals 60% Of Business Closures Are Now Permanent
September 21, 2020
By: ZeroHedge
Despite Washington DC and the Federal Reserve injecting more and more money into the real economy, creating unstable artificial growth, the economy has hit a road block.
Yelp reported that 97,966 businesses, or about 60% of closed businesses, will never reopen their doors again.
Yelp notes restaurants, shopping and retail, and beauty and spas have been damaged the most with temporary and permanent closures since March
1. Professional services, like roofing, landscaping, accountants, and lawyers, experienced some of the smallest declines.
The virus pandemic shock is generating deep economic scarring, the likes of which many have never seen before. The virus-induced downturn has led the economy into a “liquidity trap,” in which interest rates will likely reside on the zero lower bound until 2023, and monetary policy could have trouble stimulating the real economy besides artificially inflating asset prices. As Washington pumps fiscal injection after fiscal injection into the real economy, creating unstable artificial growth, the latest lapse of fiscal support, now 46 days, has sent the economy into another slump.
For more color on the deep economic scarring, not just a deterioration in the labor market, we turn our attention to a Yelp report published Wednesday that revealed as of Aug. 31, 163,735 businesses have closed on the platform, a 23% increase since mid-July.
Yelp pointed out an increase of permanent business closures over the past six months, now reaching 97,966, or about 60% of closed businesses will never reopen their doors again.
“As of August 31, 163,735 total U.S. businesses on Yelp have closed since the beginning of the pandemic (observed as March 1), a 23% increase since July 10. In the wake of COVID-19 cases increasing and local restrictions continuing to change in many states we’re seeing both permanent and temporary closures rise across the nation, with 60% of those closed businesses not reopening (97,966 permanently closed).”
Read full article here…
Links, Stats and Sources are in here:
https://www.zerohedge.com/markets/yelp-reveals-60-businesses-closures-are-now-permanent
... things just don’t Add Up on Main Street...
The Longer the Covid Hoax and Lockdown continues the more businesses will close as demand for everything from A to Z collapses !!!
Who really are Trump’s advisors and who is feeding them with all the false data ?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Yelp Reveals 60% Of Business Closures Are Now Permanent
September 21, 2020
By: ZeroHedge
Despite Washington DC and the Federal Reserve injecting more and more money into the real economy, creating unstable artificial growth, the economy has hit a road block.
Yelp reported that 97,966 businesses, or about 60% of closed businesses, will never reopen their doors again.
Yelp notes restaurants, shopping and retail, and beauty and spas have been damaged the most with temporary and permanent closures since March
1. Professional services, like roofing, landscaping, accountants, and lawyers, experienced some of the smallest declines.
The virus pandemic shock is generating deep economic scarring, the likes of which many have never seen before. The virus-induced downturn has led the economy into a “liquidity trap,” in which interest rates will likely reside on the zero lower bound until 2023, and monetary policy could have trouble stimulating the real economy besides artificially inflating asset prices. As Washington pumps fiscal injection after fiscal injection into the real economy, creating unstable artificial growth, the latest lapse of fiscal support, now 46 days, has sent the economy into another slump.
For more color on the deep economic scarring, not just a deterioration in the labor market, we turn our attention to a Yelp report published Wednesday that revealed as of Aug. 31, 163,735 businesses have closed on the platform, a 23% increase since mid-July.
Yelp pointed out an increase of permanent business closures over the past six months, now reaching 97,966, or about 60% of closed businesses will never reopen their doors again.
“As of August 31, 163,735 total U.S. businesses on Yelp have closed since the beginning of the pandemic (observed as March 1), a 23% increase since July 10. In the wake of COVID-19 cases increasing and local restrictions continuing to change in many states we’re seeing both permanent and temporary closures rise across the nation, with 60% of those closed businesses not reopening (97,966 permanently closed).”
Read full article here…
Links, Stats and Sources are in here:
https://www.zerohedge.com/markets/yelp-reveals-60-businesses-closures-are-now-permanent
Sep 21, 2020 14:59:32 #
and who is bringing you the report every morning? How many people do YOU have WORKING on the economy?
Sep 21, 2020 15:26:32 #
green apples wrote:
and who is bringing you the report every morning? How many people do YOU have WORKING on the economy?
>>>
More stupid crap replies I see... uh huh... why dont you try to go to all the links and do some research Genius!
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.