The most often asked question during my client and advisor presentations the past four months has been "why is the stock market rallying so much with so many people out of work?" Ignoring the long-term impact on economic growth due to the ballooning debt obligations, the CARES Act has played
As we start the 20th week of the Coronavirus panic in the U.S. in many ways it feels like we haven't made much progress. Cases are spiking in two heavily populated states, schools are trying to determine what they should do with their students, Congress is arguing over what
Our brains are programmed to only factor in events we've either experienced or have studied. There's nothing wrong with that, but it's something we all need to understand as we deal with something NOBODY has experienced. Despite the best efforts of stock market "experts," we also have never seen anything
$741,198 spent for every 1 job added.
Assuming those jobs paid the average hourly wage of $25.69 and each worker worked the average 34.5 hours per week, the average annual income would by $46,088.
Not counting interest payments on the debt used to generate
For nearly every person still alive, we’ve been conditioned to believe the government and Federal Reserve can “stimulate” our economy out of recession by simply increasing spending and lowering interest rates. While this textbook theory continues to be gospel for nearly every economist, few are