Markets

2Q20 GDP 9.5% Drop Shocks

Update 460: 2Q20 GDP 9.5% Drop ShocksAs Congress Faces Macroeconomic Crisis Today, the statistics. Tomorrow, the screams. The day after learning of the worst quarterly GDP contraction on record, Congressional Republicans made no effort to restore the lifeline Corona unemployment benefits to over 30 million Americans, expiring today. Instead, the GOP proposed cutting them by …

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What’s Up in the Markets?

Update 454 — What’s Up in the Markets?Less and Less, Pricing in Uncertainty, Fear The dissonance between the real economy’s performance, measured in GDP and unemployment, and that of the capital markets, reflected in prices, trading volume, and IPOs, was never starker than in the second quarter that ended last Tuesday. Stocks had their strongest …

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A Tale of Two Economies

Update 442 — A Tale of Two Economies:Market Correction v. Employment Collapse This week, we compare the impact of the Corona pandemic on the U.S. capital markets and on the real economy of wages and workers. The major indices — DJIA, S&P, NASDAQ — are down less than ten percent this year with gains over …

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Amid Market Viral and Spiral

Update 417: Amid Market Viral and Spiral,A Survey of Business and Consumer Debt In the midst of the coronavirus panic, the Dow plummeted 1,191 points yesterday — the biggest single-day point drop in history. This past week, the S&P 500 dropped 12 percent, making this a full-blown market correction from nowhere in just six trading …

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