US Economy; Complete disconnect between Wall Street and Main Street - by RM

Question, who or what is behind the major disconnect between Wall Street and reality, with stocks going up on the Dow for the past 4 days.Today by even more than 500 points, and this while economies are tanking all around the world, and while as many as 30% of the US workforce remains 
unemployed ?

Some companies obviously are making excessive profits as a result of the present emergency situation, but in no way is Wall Street a reflection of the state of the US economy, as President Trump likes to brag about.

The above is, however another clear indication of the great disparity between "the have and have nots" in the US and has to be remedied by an aggressive and progressive new Democratic government, before it destroys the USA from within.

EU-Digest

Wall Street Fata Morgana: Dow soars almost 4% main stock-market indexes turn positive for May on coronavirus vaccine hope

U.S. stocks soared on Monday, erasing May losses, on optimism that the American economy might be percolating again, while the medical community works toward a potential COVID-19 vaccine.

Risk assets also received a boost after Federal Reserve Chairman Jerome Powell on Sunday night struck a more upbeat tone on the U.S.’s growth prospects, while highlighting that the central bank still retained tools to limit the economic downturn.

Note EU-Digest: Wall Street "Fata Morgana" goes in overdrive, as it clamps on to imaginary "positive" news. Stop dreaming. It's time for a reality check folks. The US economy is on life support.

Dow soars almost 4% main stock-market indexes turn positive for May on coronavirus vaccine hope - MarketWatch

The Netherlands: Dutch far-right leader Wilders cancels public events over alleged security leak but police say Wilders' safety "never in question".

Fake News Leadership

Anti-Islam Dutch MP Geert Wilders and his far-right Freedom Party suspended all public activities Thursday after a police agent was arrested for allegedly leaking information about him to a Moroccan gang.

 "Very disturbing news. The Freedom Party is suspending all public activities until all facts in connection with the investigation are known," Wilders said on Twitter, as Dutch political parties gear up for a crunch election on March 15.

The firebrand MP, who has courted controversy with his hardline anti-Islam, anti-immigrant stance and his incendiary insults against Moroccans and Turks, has long been under 24-hour police protection.

Tensions are escalating ahead of the election in which the Freedom Party is running neck-and-neck with the Liberals of Prime Minister Mark Rutte.

On Saturday, Wilders upped the tone at the launch of his official campaign, denouncing "a lot of Moroccan scum who make the streets unsafe".

The highly-respected NRC daily newspaper reported Wednesday that the agent was arrested for allegedly passing on information about Wilders to a Moroccan crime gang.

Dutch police chief Erik Akkerboom confirmed an investigation had been opened but that Wilders' safety "was never in question".

However the matter was deemed so serious that Rutte, who is now campaigning for his own Liberal VVD party, met Wilders to discuss the issue.

The suspected agent was released on Thursday pending the investigation, Dutch news agency ANP said.

Netherlands is no stranger to political violence, even though the small country of just 17 million people has largely gained a reputation for tolerance.

Flamboyant far-right leader Pim Fortuyn was assassinated just nine days before Dutch elections in 2002, shocking the country to the core.

Just two years later in November 2004, filmmaker Theo van Gogh was murdered by a Muslim radical.

Wilders, 53, has vowed in his party's one-page manifesto that if elected he would ban the sale of Korans, close mosques and Islamic schools, shut Dutch borders and ban Muslim migrants.

Note EU-Digest: Obviously one must question  the true value of this story about Wilders - that it is not another populist stunt by him and his followers to give his sinking popularity in the polls a boost. Also to be noted is that Mr.Wilders is never able to provide any detailed plans about how he wants to carry out his party's "one page" manifesto.  

Read more: Dutch far-right leader Wilders cancels public events over security leak - France 24