Economy

A V-Shaped Economic Recovery? 4 Reasons That Won’t Happen

There’s a certain mindset today that thinks that because the current economic downturn is the result of states shutting down their economies to prevent the spread of COVID-19, once those shutdowns are done away with, everything will return to normal. Unfortunately, that won’t be the case. Aside from structural...

How Badly Will Millennials Get Burned When Stock Markets Crash?

Stock market rallies in recent days have been characterized by wild price gains on the flimsiest of positive news. For instance, publication of the results of a vaccine trial on eight people raised such hopes for a coronavirus vaccine that stocks gained over 900 points. Yet there was no...

Unemployment Hitting Older Americans Worse Than Younger Americans

You might think that during a major recession, older workers would be the first to go. They command higher salaries, require greater healthcare payments, and just cost a company more across the board. But in every recession through the 2008 financial crisis, Americans above the age of 55 were...

Stock Market Performance Shows a Market Increasingly Divorced From Reality

Last week saw the publication of some of the worst job market figures in history. Over 20.5 million people fell off payrolls, while the unemployment rate shot up from 4.4% in March to 14.7%, the highest figure since the Great Depression. And the response of stock markets was… to...

Negative Rates: Coming Soon to a Bank Near You

Last week saw an unprecedented market freakout, as markets began pricing in the likelihood of negative interest rates in the future. Futures markets anticipated negative rates as soon as November, which sent bond yields plummeting. While Fed Chairman Jay Powell has long stated that the Fed won’t take interest...