WOW!!!!!!!!!! Was May’s employment data the ultimate Black swan event????? In my view yes as the data was the biggest surprise in my 34 years in this industry. Bloomberg validated this view by ...
How angry is society? Are the riots short term events? Perhaps the only definitive statement to make is if jobs do not return, if the 50 million Americans who have lost their jobs since March are ...
Is economic reality about to hit municipal employees? According to Bloomberg, generally speaking state workers have not been fired. Almost all have received some type of ...
We are living in extremely unique times. Yesterday many were elated that continuing unemployment claims, claims which tally ongoing benefit claims in state programs, fell to 21.2 million. Moreover, the prior ...
Dr. Fauci, head of the National Institute of Allergy and Infectious Diseases said it may be time to begin to “seriously” look at reopening in a cautious way. Fauci further stated “I don’t...
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...
The reality of the government induced shutdown is now upon us. The economy lost an unprecedented 20.5 million jobs in April and the unemployment rate more than tripled to ...
April’s jobs report is forecasted to show employers slashed about 21.7 million jobs, nearly erasing a decade of job gains in a single month. This is about 27 times the worst monthly decline during the 2007-2009 recession and about ...
Before the coronavirus, the US economy was on pace to measure a 3% annualized first quarter growth rate. Analysts are now suggesting 1Q growth to contract by 4.0%. ...
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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