January 19, 2021 Apologies to Steve Martin. We were hoping that 2021 would not be as wild and crazy as 2020. Yet the first few days of January was anything but calm. We started with spikes of COVID-19 as holiday gatherings and the cold weather provided ideal conditions for spreading the virus. The first trading […]
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November 24, 2020 The prognosticators had promised Armageddon for the economy when the pandemic hit. Don’t get us wrong–it was plenty bad. But it was not as bad as many had predicted. The main reason for this resiliency? The real estate market. This is somewhat poetic justice because the Great Recession of 2008 was led […]
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June 23, 2020 Last month’s jobs report was certainly a surprise and another example of predictions gone awry. The economy was supposed to lose millions of jobs and instead gained millions of jobs. That is quite a swing, especially considering the fact that we usually are dealing with employment swings in the thousands, instead of […]
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March 10, 2020 Even before we saw the jobs report, the Federal Reserve decided to step in with an “emergency” rate cut in response to the coronavirus crisis before their next scheduled meeting. Even though we have not seen many negative reports on the economy, the Fed saw what was on the horizon. The only […]
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February 11, 2020 The January 2020 jobs report released on Friday actually represented the first major data of the new year and new decade. It also came just about one week after our first look at economic growth for the fourth quarter. The preliminary 2.1% growth rate was seen as right on target. Adding 225,000 […]
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