If Governments Can Just Keep Their Cool, the Economy Will Be Fine, Says Savant
The 2020 recession was driven by policy, so any Delta-inspired double dip would be, too, Commonwealth’s McMillan warns.
Tag: Recession
Alternatives
Special Report: How City Office Centers, Written Off as Relics, Will Return, Post-Pandemic
The urban workspaces of the future are going to see more personalization, more automation, and more focus on health and wellness.
Everybody Says Higher Interest Rates Are Coming … But When and By How Much?
There are three reasons why, after long dwelling at subterranean levels, the cost of money will eventually poke its head up.
Coronavirus - COVID-19
IMF Upgrades Global Economic Forecast for 2021
Amid ‘exceptional uncertainty,’ World Economic Outlook projects 2021 growth of 5.5% after a 3.5% contraction in 2020.
Asset Allocation
If You Think the Dollar Has Lost Value Now—Just Wait
The buck, off almost 5% in 2020, could dive another 20%, Citigroup warns.
IMF Upgrades Global Growth Forecast But Still Sees Deep Recession
Organization warns pandemic will reverse progress made in reducing global poverty and will increase inequality.
Market Moves
Remember Those Rate Increases? Big Mistake, Two Fed Governors Now Say
Richard Clarida and Lael Brainard say economic growth would have been stronger without the 2015-18 hikes.
How Distressed Investors Are Getting Ready for Business Failures
Washington stimulus has delayed the bankruptcy parade. But it’s coming fast.
Pensions
Local Government Pension Funded Ratios Hold Steady Amid COVID-19
But financial strains on governments could make it harder to pay required contributions.
Research
Do Sweeter Benefits Deter the Unemployed from Job Seeking?
Nope, a Georgetown economist’s study concludes—and they let people get new work better suited to them.
Coronavirus - COVID-19
State Pensions Entered Pandemic in Worse Position than in 2008
Report finds ‘overly optimistic’ assumed returns are more than 2 percentage points higher than they should be.
Overvalued Stocks: What Would Make Sky-High Multiples Drop?
This top-heavy bull market, led by a handful of tech leviathans, could unexpectedly get a lot cheaper. Here’s how.
Sin Stocks, Once Heavenly Performers, Now Are Damned
Shares in tobacco, booze, gambling, and the like are suffering in the pandemic era.
Asset Allocation
Liking Gold’s Ascent? Just Wait for the Plunge, Study Warns
Duke’s Campbell Harvey charts the wacky ups and downs of the precious metal.
Coronavirus - COVID-19
Fitch Says GDP Impact from COVID-19 Will Last until Mid-2020s—If We’re Lucky
Report bases economic outlook downgrade on no renewed lockdowns.