by Daniel White | Jun 8, 2020 | Economy
June 8, 2020 The Chairman of the Federal Reserve, Jerome Powell, recently did an interview on 60 Minutes. It was historic in the sense that the Fed chair hardly ever speaks in dire terms about the American economy and rarely uses the term “extraordinary.” He said,...
by Daniel White | Jun 1, 2020 | Economy
June 1, 2020 Thanks to COVID-19, there is a huge disconnect between Wall Street and Main Street…again. Despite what’s happening all over the country in terms of unemployment and a general lull in economic activity, the S&P 500 isn’t far off from its all-time high....
by Daniel White | May 25, 2020 | Economy
May 25, 2020 I know we’re in a pandemic, but the Federal Reserve’s recent agenda is rather incredible. The Federal Funds Rate is basically 0 percent. On top of that, COVID-19 fiscal stimulus will push our 2020 deficit to near $4 trillion. The central bank is...
by Daniel White | May 18, 2020 | Economy
May 18, 2020 Two observations struck me lately that I think could foretell our days ahead. First off, tens of billions of dollars in rent went unpaid last month. Through the first five days of April, 31 percent of tenants had not paid their rent, up from 18...
by Daniel White | May 11, 2020 | Economy
May 11, 2020 I want to piggyback off last week’s post about our economic return to normalcy and present more evidence for a longer-than-anyone-wants recovery. How can we know what the recovery will be like with so many unknowns and no real idea of where the...
