May 7, 2020
Even if you want to buy a home, it’s harder now to get a loan. Or tap home equity.As the economy has cratered, mortgage lenders tightened standards for people who are still interested in buying or refinancing a home.Read in Los Angeles Times:...
May 7, 2020
The record number of people applying for jobless benefits is even worse than it looksGovernment math doesn’t always add up — the number of new U.S. jobless claims appears to have been significantly under-counted.Read in MarketWatch:...
May 7, 2020
Beware, the stock market’s being supported by ‘nothing more than an ideological dream,’ economist warnsAlbert Edwards refers to himself as an “uber bear.” Anybody who has read his gloomy takes over the years would surely agree. In the face of a strong rally on...
May 7, 2020
Health care spending has actually plunged in the middle of the pandemic. Here’s whyJust as hospitals are struggling to care for those stricken by the coronavirus, a steep drop-off in consumer spending on health care is fueling the nation’s economic...
May 6, 2020
Layoffs start turning from temporary to permanent across AmericaEven as they hope for a speedy recovery, companies plan for a slow one.Read in Bloomberg Businessweek: https://apple.news/AC5lvw3U5QrSyEVWMQZaDSQShared from Apple News
May 4, 2020
The small-business die-off is hereMany small businesses won’t survive, and that will change the landscape of American commerce for years to come.Read in The Atlantic: https://apple.news/AIX9xaefmSGmkf1l2xmE9OgShared from Apple News
