What Does the Jobs Picture Look Like?

2020-08-25T15:53:17+00:00August 25th, 2020|Categories: INVESTMENT|

Executive Summary Government’s initial response to the onset of COVID-19 was to force businesses to avoid person-to-person contact.  This action resulted in businesses laying-off millions of workers.  For some perspective, before the arrival of COVID-19, the highest number of initial weekly unemployment claims was 695,000 in 1982.  [...]

Why is the Solution Always the Same… More Debt?

2020-08-18T16:10:50+00:00August 18th, 2020|Categories: INVESTMENT|

Executive Summary After working-off the defaults and write-offs from the Financial Crisis, debt immediately became in-vogue again.  In fact, by the end of 2019 just prior to the arrival of COVID-19, non-financial corporate debt had reached record levels.  But debt growth was not restricted to corporations – [...]

Is a 61% Drop in Earnings Good?

2020-08-11T14:39:16+00:00August 11th, 2020|Categories: INVESTMENT|

Executive Summary There is real excitement in the market as the S&P 500 Index approaches its February all-time high.  So, in this week’s newsletter I am going to take a look under the hood to see if all the hoopla is warranted.  First, for the first six [...]

Is the Free Market Dead?

2020-08-04T18:21:20+00:00August 4th, 2020|Categories: INVESTMENT|

Executive Summary An excerpt from Investopedia’s definition of the free market is: “an economic system based on supply and demand with little or no government control.” In looking at the current situation, one will see how much Federal Reserve Bank (Fed) action and Federal government transfer payments [...]