If, as expected, the October employment report shows a sharp rise in unemployment and a sharp decline in job growth, it could be a crushing blow to confidence. Having a job is probably the single biggest factor in consumers having confidence.
If, as expected, the October employment report shows a sharp rise in unemployment and a sharp decline in job growth, it could be a crushing blow to confidence. Having a job is probably the single biggest factor in consumers having confidence.
I think the Fed will act aggressively. The timing remains to be seen, but both Main Street and Wall Street are pleading for further rate cuts, so I think Greenspan will respond. The sooner and deeper a rate cut, the sooner consumer and business confidence should improve.
© 2020 Inspirational Stories
© 2020 Inspirational Stories