Greatest Economic Miracle in History of the US? Greatest Job Loss Becomes the Greatest Job Gain With a Wave of the PPP Wand! Never Heard of Paycheck Protection Program?

-




So if you get paid thorough the PPP (Paycheck Protection Program) loan, you are then "employed" by the federal government, BECAUSE you are getting paid by the federal government, even though you need not be working. Also,  around 5,000,000 "temporarily laid off workers" were counted as "employed" mistakenly, but the mistake, in both April and May, was not corrected. 

From Zerohedge on the "great unemployment numbers":
The headline non-farm jobs data was so blisteringly good (+2.5 million jobs), market participants were left scratching theirs heads, wondering "V-Shaped Recovery" ??

The big question is, how did all the economic forecasters "forget" about the affect of PPP loans on the jobs data?
 Everybody seems to have forgotten about the PPP loans.  20 million private sector "employees" went from unemployed and collecting unemployment benefits, to employed and getting paid with PPP loans/grants,  are so are now being paid by the US Govt via these PPP loans (just started being doled out in May), and being reported as "employed" (whether they are working or not).  Without the PPP loans, those 20 million "employed" would go "poof" and become unemployed.

And, if that wasn't egregious enough, the Labor Department admitted that government household survey-takers mistakenly counted about 4.9 million temporarily laid-off people as employed. The government doesn't correct its survey results for fear of the appearance of political manipulation.  Had the mistake been corrected, the unemployment rate would have risen to 16.1 percent in May, and the corrected April figure would have been more than than 19 percent.

The majority of market participants just accept the headline data and don't bother to dive into the details.  It will take 1-2 days (at least) before this type of "nuance" becomes more widely known.


Comments

Post a Comment

Popular posts from this blog

"US-Friendly" Contact Within the Vatican Indicated Right After the Death of Pope Pius XII that US Governmental Authorities Must Use the American Cardinals to Prevent the Election of Cardinals Siri, Ottaviani, or Ruffini. The US Government Clearly Saw the Election of a Real Catholic to the Papal Throne in 1958 to be a Threat. Is there No Logical Connection between THIS Telegram and the Strange events of October 26,27, and 28th 1958 within the Sistine Chapel?

-
Image
  Here are the list of the 53 Cardinals who met in Rome for the Conclave in Rome in October 1958.  https://en.wikipedia.org/wiki/Cardinal_electors_for_the_1958_papal_conclave Dr. Chojnowski: This telegraph from Ambassador Zellerbach (US ambassador to Italy) and the Secretary of State of the United States under the Eisenhower administration, John Foster Dulles is a clear path mark indicating to us what we should be looking for as regards the happenings in the 1958 papal conclave that met from October 25-28, exactly 2 weeks after this telegram to the US Secretary of State was written and sent.  What do we read in this telegram and why does it matter in our investigation into the fate of Sister Lucy dos Santos of Fatima? We do not, as of yet, have a smoking gun telegram, but this one is clearly a picture of a double-barrel shot gun loaded, locked, safety off, aimed, and finger on the trigger communication. The US government seems an imminent "threat" and it is ready to act --- n
Read more

Tragic Disappearance of the Real Sister Lucy dos Santos Foretold to Jacinta, Right Before She Died, by the Blessed Virgin Mary. Contrary to being Safely Stowed in a Convent, Sister Lucy's Life was Always Under Threat.

-
Image
Did Our Lady Predict, in 1920, the Constant Persecution and Final Demise of Sister Lucy of Fatima? It appears so.  Dr. Chojnowski: Here are a basic chronological description of the life of Lucy dos Santos up until her sudden disappearance sometimes between 1957 and 1967. I would like to put special emphasis --- as I did with my bolding of the text and capitalization  --- on the Prophecy that Our Lady made to Jacinta immediately before her death concerning her cousin Lucy. For all of the below, we follow the account given in the excellent text by Mark Fellows,  Fatima in Twilight (Niagra Falls, Ontario: Marmion Publications, 2003).  The Life of Lucia dos Santos, Seer of Fatima Life before and during the Apparition, both of the Angel and of the Mother of God Lucia dos Santos, born the sixth and last child of Antonio and Maria dos Santos. She came into the world on March 22, 1907. Her family and that of her 1 st cousins Jacinta and Franscisco Marto lived in a little
Read more

The Shepherd is Struck and the Sheep Run Towards the Wolf's Lair? Is the Report About the Defection of the General Bursar of the SSPX, Fr. Suarez, True? Does Any One Have More Information About this Report? They Sent a Limousine For Archbishop Lefebvre and He DID NOT Get In. Was a Phone Call From Francis All that Was Necessary?

-
Image
Call From a Phone Booth in Menzingen, Holy Father! http://blog.messainlatino.it/2019/05/leconomo-generale-o-ex-della-fraternita.html "The general bursar (or former bursar) of the Fraternity of St. Pius X, hosted in St. Martha by the Pope and incardinated in the Diocese of Rome? Trustworthy sources tell us that what the official website of the Saint Pius X Fraternity (HERE and HERE) refers to as (or can we say "was"? See HERE) the General Treasurer of the Fraternity, Don Pablo Suarez, has been living in S. Marta for a few days and, it seems, is being incardinated in the Diocese of Rome as a priest at the disposal of the Holy Father. All this after a personal phone call from the Holy Father, after a direct contact between Don Suarez and Francis, motivated by an ancient friendship between them. Pablo Enrique Suarez was ordained in 2001; he was appointed Bursar of the District of South America and then in 2014, General Bursar of FSSPX. Suarez himself seems to have bee
Read more