LIFE IS STRANGER THAN FICTION
Government is stating they are listening to the experts as to determine when the economy will reopen. In my view the experts have been completely wrong. The experts—aka the March 12
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23 April, 2020
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IS AN OIL BAILOUT NEXT?
The Administration is working on a plan to make money available to the oil industry to prevent the loss of jobs and to protect a core interest of the US. As noted many times, the industry employees over 10 million workers and contains about
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22 April, 2020
TODAY’S NEW NORM…BLACK SWAN EVENTS OCCURRING ALMOST EVERYDAY
Perhaps the greatest question of several generations is when the economy will reopen. To write the obvious the longer it remains shuttered, the greater damage.
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21 April, 2020
WHAT WILL HAPPEN THIS WEEK?
Equities led by energy advanced Friday. The catalyst was the planned reopening of the economy and perhaps a pharmaceutical approach to conquer the virus.
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20 April, 2020
“ONLY” 5.24 MILLION JOBS LOST LAST WEEK
Weekly jobless claims were lower than anticipated…5.24 million versus the estimate of 5.5 million. Moreover, much to the surprise of many, last week’s claims number of 6.6 million had
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17 April, 2020
THE STARK REALIZATION OF THE CARNAGE PRODUCED BY THE GOVERNMENT MANDATED SHUTDOWN
The stark economic reality of the government induced shutdown is now showing up in the data. Retail sales and factory output posted historic declines in March. Specifically, overall retail sales fell 8.7% from the prior month, the biggest
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16 April, 2020
IS THE NARRATIVE CHANGING?
It is widely accepted government shuttered the economy and society, creating the greatest economic contraction in almost a century, a shutdown that relied upon experts who made statements based
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15 April, 2020
“CAUTIOUS OPTIMISM” EXPRESSED BY THE CDC
There is “cautious optimism” that parts of the economy can reopen by May as the US is stabilizing as per the CDC. Moreover, there are over 70 vaccines in progress with three being tested in human trials.
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14 April, 2020
THE FED IS NOW THE BOND MARKET
Approximately 17 million jobs have been lost via the government mandated shutdown of the economy and society. There is a distinct probability by Thursday more jobs would be lost in the last four weeks than created since 2001.
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13 April, 2020
IS A TURN AT HAND?
Equities advanced on optimism of another round of stimulus and a possible start of a turnaround in the virus by the end of week which would then facilitate the opening of the economy sooner rather later.
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09 April, 2020