“The US Economy Starting to Come Out of the Hole”

“The US Economy Starting to Come Out of the Hole”

$BAC Bank of America (NYSE:BAC) CEO Brian Moynihan says he thinks the US economy is beginning to recover from shutdowns tied to the C-19 coronavirus chaos. Mr. Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit cards: While transactions collapsed by about 30% in April, it was down […]

The Future of the Global Economy after COVID19

The Future of the Global Economy after COVID19

What does a post-COVID-19 economy look like? Based on the response we have seen to the crisis so far, some things are already becoming clear. The number of new COVID-19 infections seems to have peaked globally. While testing is quite uneven, this does offer the prospect the apex of the crisis is passing. More attention must be given to the nature […]

White House Now Saying Stimulus Could Exceed $10-T

White House Now Saying Stimulus Could Exceed $10-T

$BX $ICE President Trump and Top White House officials during a phone call with Wall Street executives Tuesday suggested the size of the stimulus package related to the coronavirus pandemic could hit $10-T+ and even exceed that figure. President Trump early Tuesday said he hoped to have the economy reopen by Easter, “we are opening […]