by Daniel White | Jul 20, 2020 | Economy
Speculative bubbles are always around. Usually, they end up poorly – think the tech and housing bubbles earlier this century. Now, one of the craziest speculative bubbles going is bankrupt stocks. Bankruptcy-bound Chesapeake Energy’s stock went up 182 percent. Hertz...
by Daniel White | Jul 13, 2020 | Economy
The show “Bar Rescue” features hospitality industry veteran Jon Taffer using his know-how to improve bars and restaurants’ bottom lines. He knows what works. Unfortunately, his outlook for American hospitality establishments is gloomy. Taffer said 40 percent...
by Daniel White | Jul 6, 2020 | Economy
There are conflicting reports (and sentiments) on unemployment. We know it’s dire. But then we see the May employment report and supposedly things aren’t so bad – 2.5 million new jobs and “only” 13.3 percent unemployment. Still, as of that May report, 38.9...
by Daniel White | Jun 22, 2020 | Economy
In the past, we’ve talked about firms that can’t service their debt without borrowing more money. These “walking dead” companies are getting new injections of life now because of the Federal Reserve’s policies and huge balance sheet expansion. Let’s face it, free...
by Daniel White | Jun 15, 2020 | Economy
June 15, 2020 The early part of 2020 has been wild. Between a pandemic, record unemployment, and near-record equity market returns, I’m surprised any of us know which way is up, and which is down. Well, add another head scratcher to the list – conditions seem to be in...
