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...
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....
