Second-Quarter GDP Drops 32.9%… The number is annualized, so in the second quarter, GDP fell 8.2%. What it means— The best that can be said is that GDP fell less than expected last month. ...
Week In Review – July 27 2020
Covid-19 creating confusion and fear… Media reports of rising cases dominate the headlines. What it means— The media is not reporting much good news regarding falling death rates or demographic ...
Week In Review – June 15 2020
The Federal Reserve Expects to Hold Rates at Zero for Years… At their regularly scheduled meeting, the bankers unanimously agreed to hold rates at zero while buying more bonds. What it ...
Week In Review – June 8 2020
The U.S. Gained 2.5 Million Jobs in May, Trouncing Expectations for Millions More Job Losses… The unemployment rate was expected to jump from 14.7% to 20.5%, but instead it dropped to 13.3%. What ...
Week In Review – June 1 2020
Another 2.12 Million People Filed for Initial Jobless Claims… The nine-week total now stands at 40.7 million people. What it means— With states reopening their economies, many investors ...