by Ted Bauman | Jul 31, 2020 | 2020 Financial Crisis, Bauman Daily, Stocks, U.S. Economy
The economic recovery has faltered … Congress struggles with a fiscal rescue deal … all in a deteriorating political situation. The Fed’s unprecedented “asset market socialism” has protected owners of stock so far — but this is no time for complacency. If...
by Angela Jirau | Jul 13, 2020 | 2020 Financial Crisis, Bauman Daily, Commodities, Stocks
This year’s stock rebound is based entirely on faith. Look under the hood, and you won’t find any earnings guidance to back up these prices. When companies finally reveal the damage this crisis has done to their second-quarter earnings, there will be real winners and...
by Angela Jirau | Jul 6, 2020 | 2020 Financial Crisis, Bauman Daily, U.S. Economy
Just in time for the Fourth of July holiday weekend, we got what seemed like fantastic news. The number of new jobs added over several weeks last month blew away forecasts in dramatic fashion … economic fireworks to kick-off Independence Day celebrations? Not so...
by Ted Bauman | Jun 30, 2020 | 2020 Financial Crisis, Bauman Daily, Investing, Stocks
“God, grant me the serenity to accept the things I cannot change … courage to change the things I can … and wisdom to know the difference.” Every investor should keep a copy of Reinhold Niebuhr’s “Serenity Prayer” in sight these days. The stock market is beyond...
by Angela Jirau | Jun 29, 2020 | 2020 Financial Crisis, Bauman Daily, Investing, Stocks
Investors bet that the coronavirus crisis and its economic impact would be over quickly. They’ve been proven wrong. The result? The volatility we’re now seeing in the stock market is not going away anytime soon. So you’ve got to be smart and tough to come out ahead....
by Ted Bauman | Jun 26, 2020 | 2020 Financial Crisis, Bauman Daily, U.S. Economy
If the federal government wants to spend money, then it must tax or borrow … at least, that’s what we were all taught. But for the last decade, Washington has relied on backhanded money printing made possible by the Federal Reserve’s endless program of buying up U.S....
