We have just finished one of — if not the weakest — quarter in history. The corona virus is still raging. Millions have lost their jobs. Yet the stock market continues to rise, recovering from its lows hit
In a very strange year, the jobs report takes on more importance because we are in uncharted territory with regard to the economy. We moved from a slow-growth economy in the fourth quarter to a negative 5.0% in
Most state 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
The government has injected trillions of stimulus dollars into the economy. This is causing the federal budget deficit to soar as we deal with the devastating effects of COVID-19 upon our economy. At the same time, the Federal
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
All markets are not created equal and neither are all homes for sale. This would explain why some homes languish on the market for months and others sell practically overnight. What makes the difference? In this article, we will look
It is not often that the Chairman of the Federal Reserve Board is interviewed on national television. But these are certainly not normal times. Perhaps the whole world was not watching, but economists and market analysts certainly were. While acknowledging
Some states have begun opening up. We are starting to see the “new normal” we spoke about, but for now this normalcy does not seem to be very normal. The best description of our moving forward is not turning on
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
In the year 1910, life expectancy in the U.S. was only 50 years. By the year 2000, life expectancy had increased to 73 years. The overall effect of this longevity on the population of the United States is significant. Between
