Fed Assets and 17 Million Americans Unemployed
The Federal Reserve owns $6,083,141,000,000 worth of assets. That is up from the previous weeks record high of $5,811,607,000,000.[1]
17 million Americans filed for unemployment benefits. According to zerohedge, that could put the unemployment rate at 13%.
The three-week tally implies an unemployment rate of around 13% or 14%, surpassing the 10% peak reached in the wake of the last recession.”[2]
