Markets are taking Trump’s plans to bring the U.S. economy back to life from the positive side. These announcements, as well as the easing measures in Germany, Italy and China before that, are a kind of light at the end of the tunnel but not yet a way out.
This ray of hope has allowed markets to put aside for a while the fears of an economic collapse, which emerged after the published macroeconomic data in recent days.
The number of last week in the United States amounted to 5.25 million. Twenty-two million of such claims were recorded during the four weeks, and this is a 23x increase compared to the previous four weeks (930K) that was the norm for over the last three years.
The continuing jobless claims data is lagging for one week. However, already now, at 12 million, this figure is almost twice as high as the highest levels in 2009, when it reached 6.4 million. The number of employed in the U.S. is just over 150 million, so the current losses already exceed 10% of all…
