October 20, 2020 Could anyone had predicted one year ago that a major topic in Presidential debates and campaigns would revolve around mask-wearing? It has been that crazy of a year. We actually started the year with some semblance of normalcy, at least for a Presidential election year. But in late winter the entire world […]
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October 13, 2020 Previously, we mentioned that there will be no more monthly jobs reports before the Presidential Election. In addition, the Federal Reserve Board’s Open Market Committee will not be meeting in November. Coincidentally, they meet again the day after the election. Thus, this period is sometimes known as the quiet period before the […]
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October 6, 2020 No, the Labor Department is not giving up on reporting monthly statistics. But the report released on Friday was the last reading on the job market that we will see before the election. It is said that the voters vote with their pocketbooks each year. Of course, this year the economic numbers […]
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August 11, 2020 Last week when the first measure of economic growth came out for the second quarter, we acknowledged that this was a picture of how bad things became during the depths of the shutdown. At the end of the last week we witnessed a reading which gives us information regarding how long these […]
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August 4, 2020 It is the general consensus that the bottom of the economy was the second quarter of this year. The contraction was expected to be severe as the economy virtually shut down during several weeks of this period. How severe? Just giving a perspective, the largest annual decline in economic growth (GDP) during […]
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June 30, 2020 Most economies have reopened to some degree. And several states have seen a surge in infections at the same time. From this, we can conclude one thing — the virus is not taking the summer off as some had speculated might happen. On the other hand, can we say that the reopenings […]
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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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June 9, 2020 This was the title of one of our economic commentaries in January of this year. It is a message we deliver every year. Now that we have traveled almost one-half the way through the year, we thought we would like to bring this message back, because this year it applies more than […]
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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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