June 2, 2020 It is not often that the Chairman of the Federal Reserve Board is interviewed on national television. But these are certainly not normal times. Perhaps the whole world was not watching, but economists and market analysts certainly were. While acknowledging the seriousness of the economic issues we are facing, Powell indicated that […]
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The current economic environment presents the government with very tough choices. If we open up our economy too quickly, the medical experts tell us that we risk reversing the progress we have seen in fighting the pandemic. That would be a tragedy. On the other hand, if we don’t open up the economy, there will […]
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May 5, 2020 It was almost 50 years ago that the rising price of oil was one of the factors which helped plunge us into a deep recession. And while not the most important factor, subsequent recessions have followed previous peaks in oil prices. It seems that today’s recession has just about turned all of […]
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April 28, 2020 While our government officials are talking about re-opening at least parts of our economy, we are all wondering what that will actually mean. There is no doubt that we cannot flip a light switch and then get people to rush out and start partying in the streets. Not only could we not […]
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April 21, 2020 For those attempting to predict the length or the depth of the current economic slowdown, we have all turned into medical prognosticators. Every day charts depicting the growth of the virus are published. The growth started slowly and then accelerated with lines showing the number shooting straight into the air. But as […]
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April 14, 2020 As dismal as the March unemployment numbers were, we know that this is just a preview of what is to come. The question being bantered about by market analysts is — how high will unemployment become? Let’s take a look at the numbers. Let’s say 10+ million filed for unemployment in the […]
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April 7, 2020 Last week’s jobs report was not so much about how the economy is doing. We know the economy was doing moderately well coming into the month of March. It is during the month of March that things changed rapidly. Witness the weekly jobless claims reported late in March and early April at […]
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March 31, 2020 Each passing week, the measures which are implemented to slow the spread of the coronavirus are placing strains on the American and world-wide economy. It is no longer the travel industry which is in the forefront. Now all industries are being hit — from retail to service industries. Those who are selling […]
Read MoreMarch 24, 2020 Believe it or not, we started the year quite smoothly. Yes, we were expecting some excitement due to the fact that we had a Presidential election coming our way. Little did we know that the primaries would take a back-seat to something much larger. It took just a few weeks to go […]
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