This week marks the half way point in the fourth and final quarter of 2020. It's been quite a year hasn't it? We began with record economic growth, and record employment. Only to see all that crushed, as a Virus out of China sent the economy into a tail spin.
In the second quarter of the year, the nation's Gross Domestic Product, the measure of all goods and services produced, declined at an annualized rate of 32.9%. The greatest decline in history.
And when all was added up, 22 million Americans lost their jobs.
So that was then. Today's question: where do we currently stand?
“It's easy to recognize a Bubble,” an old trader once told me, “just wait for the crash that follows.”
Funny, he's right of course, but it's less …
What a year 2020 was. Economically it was one of the most destructive years this country has ever lived through. We set a record for the worst economic decline in a quarter, ever. In that …
A few weeks ago we received a check for $600. If all goes well this week, we should receive another check for an estimated $1400. Did you earn that …
Well, It was political theater at its best. There sat the newly installed President Joe Biden, at presumably the Resolute Desk, and before him a …
Today we have an economy that is equally as unbalanced as the one which headed into the Great Depression. Again this economy is driven by 3/4ers on one side of the production/consumption …
This week we get a rare look at the three government sectors who are leading the Economic Recovery; The Federal Reserve, the Nation's Central Bank, the Congress, and all of the State and …
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