by Daniel White | Aug 10, 2020 | Economy
As I’ve said before, predictions of a strong economic rebound are far too optimistic. In May we received a jobs report showing a whopping 2.5 million new jobs created and an unemployment rate that dipped to 13.3 percent. This set off a wave of optimism pointing...
by Daniel White | Aug 3, 2020 | Economy
Back in April, in a rush to get COVID-19 stimulus out the door, the IRS sent out 1.1 million checks totaling $1.4 billion. The issue? Every dollar went to a dead person. Even better, once word got out, it took six weeks to put a stop to the madness. The mistake...
by Daniel White | Jul 27, 2020 | Economy
We will not experience a “v-shaped” economic recovery, as many people hope and expect. The government can distribute and print all the money it wants, but it can’t make people spend. This is the problem with the stimulus efforts. Are people eating out? Well, in places...
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...
