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 29, 2020 | Bauman Daily, Investing, Stocks, U.S. Economy
Mark Zuckerberg, Tim Cook, Jeff Bezos and Sundar Pichai will face questions from Congress today on their alleged monopolistic practices — an event that’s sure to make market-moving headlines. But that’s just the start of this huge week. Their respective companies...
by Ted Bauman | Jul 7, 2020 | Bauman Daily, Investing, Stocks, U.S. Economy
Last week, I said that (to paraphrase Eric Clapton) the stock market is “Running on Faith.” Normally, stock prices reflect expected earnings. But thanks to COVID-19, nobody knows what earnings are going to be. That’s why U.S. companies have stopped issuing earnings...
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 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....
by Ted Bauman | Jun 19, 2020 | 2020 Financial Crisis, Bauman Daily, U.S. Economy
One side of the great economic debate says government “stimulus” spending is critical to make up for lost gross domestic product (GDP) in a big downturn. The other says it’s pointless, since government spending is paid for in taxes withdrawn from that same GDP. Both...
