As we enter this last month of the year, it is apparent that 2020 will go in the record books as the best, and the worst of years for the American Working Man and Women.
We began the year with record employment. 152 million Americans had jobs, and the unemployment rate had dropped to an all time low of just 3.8%.
But all of that good news rapidly changed with the onset of the Covid-19 Pandemic. Americans were told to stay home, in an effort to self quarantine. Non-essential businesses were closed, while those businesses which were still allowed to operate, could only do so many time under strict restrictions. Restrictions such as social distancing, the wearing of masks, and limitations on the number of customers allowed to enter a store, office building or other establishment.
In a week and a half, the first 100 days of the new Biden Administration will come to an end. The sheer number of new initiatives has been impressive. Who can forget the picture of the new …
US Bankers are among the most adaptive and flexible businessmen and women in the world. They have to be, they operate in an ever-changing business environment and an ever-changing …
I don't ever recall a time when the world's two largest economies were headed in the opposite direction, as they are now.
Yesterday, both Bloomberg and the Financial Times reported that …
Over night we saw a lot of continuing news on the Archegos Capital Management Scandal. I call it a scandal because there is much to go around here.
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It's been a long time since we've seriously heard someone on Wall Street speak of Capital Preservation. It's really not what people want to hear about.
Return is the topic of the day. And …
Additionally, many of the government bureaus which produce the economic reports that we rely on are also open this morning. Included in this group is the Bureau of Labor Statistics, which …
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