Monday, March 23, 2020

Jared Kushner's advice to Trump is self-serving.

March 18, 2020

The Kushner family (click here) is trying to cash in on the pandemic that could kill millions of us.

Oscar Health, the health insurance company co-founded by Jared Kushner's younger brother, announced Friday it has launched a testing center locator for COVID-19. It shows where more than 100 centers are in the United States. The company is also offering a risk assessment survey and means to talk to a doctor online....

That is interesting. Trump has been stating every person in the USA will not be tested.

I probably wouldn't have looked at this until closer to the elections. But, the USA has not been doing as well under Trump as previous years. 


Real GDP growth 1990 to 2019 (click here)

2017 - 2.4 percent
2018 - 2.9 percent
2019 - 2.3 percent

U.S. Nominal (current day value) GDP: (click here) $21.44 trillion - U.S. GDP (PPP): $21.44 trillion. The U.S. has retained its position of being the world's largest economy since 1871. The size of the U.S. economy was at $20.58 trillion in 2018 in nominal terms and is expected to reach $22.32 trillion in 2020.


U.S. Nominal GDP: $21.44 trillion


March 20, 2020
By Erik Sherman

The optimistic view (click here) from economic forecasters is that the annual GDP growth rate in the second quarter of 2020 will, at best, be -8%. Others predict as bad as -15%. Combined with educated guesses that the first quarter will also see negative growth in retrospect, there's a good chance the country is already in a recession.

"With the big caveat that we really don't know, I think it's reasonable to look for something like 10% to 15% down," said Scott Brown, chief economist at Raymond James.

I am not worried. The GDP record has also not counted on the increase in a "New COVID-19" economic dynamic. This is at the very least a level headed approach by Fortune. Goldman Sachs CEO is earning his new paycheck saying the loss to the USA GDP will be 24 to 25 percent. That is a lie.

IBD Stock Of The Day: Why Coronavirus Isn't Slamming This Biotech Leader (click here)