Beware of robber banks (RB), bad advisors.
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Powell says jobless rate could top 30%, but he doesn’t see another Depression
The unemployment could soar above 30% but the U.S. economy will avoid a Depression-like economic plunge, Federal Reserve Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday. The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s, when the rate peaked out at close to 25%, However, he said the nature of the current distress coupled with the dynamism of the U.S. and the strength of its financial system should pave the way for a significant rebound. Asked by host Scott Pelley whether unemployment would be 20% or 25%, Powell said, “I think there’re a ... (full story)
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Beware of robber banks (RB), bad advisors.
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Confucius: the man who broke the mountain was the same man who started ...
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Confucius: the man who broke the mountain was the same man who started ...
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