Monthly Archives: April 2020

When the going gets tough, Americans get saving!

Wages & salaries fell by $296 billion in March, the worst in a generation, and spending sunk $1.1 trillion, whew! What happened to $823 billion the difference? It went into personal savings, which rose to 13.1% of disposable income, a … Continue reading

Posted in Uncategorized | Leave a comment

Oil Update

It was evident from the very beginning on April 20 that the oil market was headed for trouble. Frantic sell orders had been pouring in overnight and any traders who connected to the Nymex platform that morning could see a … Continue reading

Posted in Uncategorized | Leave a comment

Chart of the Day

By CunninghamIn the late 1980’s, as the real estate market in the Southwestern part of the United Statescollapsed, I was wiped out, as were many of my friends and business associates. We wereexperiencing the inevitable catastrophic aftermath of one of … Continue reading

Posted in Uncategorized | Leave a comment

Fast & Furious

The IMF in its April World Economic Outlook is projecting global output to contract by -3% in 2020 and is forecasting growth of 5.8% in 2021. For advanced economies, the IMF is calling for a contraction of -6.1% this year, … Continue reading

Posted in Uncategorized | Leave a comment

NASCAR BEAR MARKET

Posted in Uncategorized | Leave a comment

USA Suffers 713k Jobs in Private Sector

The March employment report left no unanswered questions about the devastating economic impact from the pandemic. There were 713k total jobs eliminated in the private sector alone, according to the Establishment Survey, Private services which account for 71% of total … Continue reading

Posted in Uncategorized | Leave a comment