Oil Flushes Down the Drain
April 25, 2020Can a Fifth Grader Tell Us Why the Market is Up?
May 29, 2020Grilling Ninjas
As we begin the summer season, and the country begins to get out of the house and back to work, the headlines continue to address the record unemployment level which now stands at around 38 million. The nature of this financial crisis appears to be different than in the past though. Looking at the bright side, many of those unemployed are actually furloughed, which means the jobs are not gone forever à la 2008. In addition, many of those on unemployment are strangely making more than when they were working. Finally, there are still 130 million people working, with extra Cares Act money in their pocket. Once again, the key to whether our recovery looks like a V or a Nike swoosh is how quickly and safely we open the economy back up. Enjoy your dogs this weekend and then we get back to work.