Yesterday I commented about the politicization of re-opening. Several days ago, I referenced a story on Bloomberg that indicated 82% of small businesses wish to reopen. Conversely 90%...
Equities led by oil and travel surged the most in about six weeks after promising early results for an experimental vaccine. Commenting about crude, China announced that its...
As widely expected April’s economic data is horrific. Retail sales and factory output registered the steepest declines on record. Retail sales fell 16.4% and industrial production plunged ...
Earlier in the day, the Dow fell almost 400 points, the result of weekly jobless claims that exceeded estimates by over 500,000, increasing by almost 3 million. In eights weeks more than...
Equities initially fell for a myriad of reasons including escalated rhetoric against China over the corona virus. The President is prodding the nation to reopen for business while...
There is a growing number of analysts, politicians and “nonpartisan” reporters beginning to ask is the lockdown a major policy mistake. There have also been several influential epidemiologists stating Covid-19 is about as lethal as a bad ...
What will be this week’s prevailing narrative? The decline in the number of deaths and cases? The extent of the economic calamity via the government mandated shutdown? The prevalence of a “second wave” in states that have decided to partially reopen?...
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
...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
...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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