The real unemployment figures have been twisted by terminology.
The BLS only register those as unemployed who are still actively seeking work and reporting it.
There are millions who are out of work and given up trying to find work, not reporting and are not being accounted for.
’So what? ‘
The unemployment figures are used as a gauge to measure how the economy is going. Obviously if financial decisions are made based of the incorrect information than this can result in a problem.
’So what? How does that effect me?’
These unaccounted people still have debt, mortgages, car loans, kids, bills etc etc.
If they are defaulting on this debt which they will be. As a shareholder it will become your problem.
Serious FOMO happening, no-one is seeking financial advice or conducting research, they are throwing money on stocks because they were ‘X’ now half ‘ X’ so will go back to ‘X’
Unfortunately thats not how it works and people who can’t afford to loose are going to get caught in the bear trap hard.
Seriously consider hedging something like BBUS or BBOZ.
If you seriously think printing trillions of US dollars and counting and unemployed rates at the levels of the great depression will not have a consequence then please seek financial advice.
Honestly I wish you all good luck
AIZ Price at posting:
$1.55 Sentiment: Sell Disclosure: Not Held
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