On Pace For 20% Unemployment Rate (Doubling In April Alone)

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This article was originally published on UPFINA. The post On Pace For 20% Unemployment Rate (Doubling In April Alone) appeared first on UPFINA – Pursuit of Truth in Finance & Economics. It’s important to note that just because the stock market had its best 3 day gain since 1931, doesn’t mean the fundamentals of the economy… Read More

Fastest Pace Of Downgrades Ever (Since 2002)

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This article was originally published on UPFINA. The post Fastest Pace Of Downgrades Ever (Since 2002) appeared first on UPFINA – Pursuit of Truth in Finance & Economics. The rating agencies often receive a lot of criticism for downgrading/upgrading businesses after a negative/positive catalyst occurred. This time is slightly different because COVID-19 was an unprecedented event;… Read More

33% Don’t Have $100 Saved

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This article was originally published on UPFINA. The post 33% Don’t Have $100 Saved appeared first on UPFINA – Pursuit of Truth in Finance & Economics. It wasn’t hard to foresee that there would be some sort of fiscal stimulus package passed by the government. People are losing their jobs quickly and need a lifeline. The… Read More

Unlike 2001 or 2008

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This article was originally published on UPFINA. The post Unlike 2001 or 2008 appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Some claimed that when the Fed expanded repo operations, started another round of QE, and cut rates to zero, that it had nothing left to ease financial conditions. That was mistaken… Read More

Will The Economy Recover Quickly?

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This article was originally published on UPFINA. The post Will The Economy Recover Quickly? appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Small businesses drive the American economy as about 47% of people are employed by them and they represent 45% of GDP. Small firms make the economy dynamic and give people… Read More

Record Jobless Claims Coming Next Thursday

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This article was originally published on UPFINA. The post Record Jobless Claims Coming Next Thursday appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Don’t let the stabilization in stocks on Thursday fool you into thinking the worst is over in the economy. The worst is just beginning. There is about to be… Read More

Biggest Recession Since The Great Depression?

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This article was originally published on UPFINA. The post Biggest Recession Since The Great Depression? appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Economic activity is at a standstill. We must rely principally on alternative data to measure this because of how quickly the collapse in activity has occurred. An example of… Read More

Labor Market Recession To Start This Spring

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This article was originally published on UPFINA. The post Labor Market Recession To Start This Spring appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Before we get to the main points of this article, let’s review how you can keep track of the latest results on COVID-19 and restaurant sales. As we… Read More

The Data Is Bad: Expectations Are Even Worse

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This article was originally published on UPFINA. The post The Data Is Bad: Expectations Are Even Worse appeared first on UPFINA – Pursuit of Truth in Finance & Economics. The economic data is starting to come in. It’s terrible. The only good news is as economists and investors start to project out borderline depressionary numbers, expectations… Read More

Market Participants Still Too Optimistic

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This article was originally published on UPFINA. The post Market Participants Still Too Optimistic appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Let’s start with what is driving the economy and markets: COVID-19. We suggest you visit https://www.worldometers.info/coronavirus/ to find the latest updates on the number of cases and deaths from the… Read More

Yra Harris: Demand Shock and Debt Overhang Risks

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“The economic machine is being forced to slow to a crawl but the overhang of debt remains. This is the issue of the DEMAND SHOCK we have spent so much time discussing on this blog. If this situation continues for a few months how fast do you think unemployment rises to 5.5% or even higher? The effort… Read More

Spanish: Alejandro Tagliavini – Coronavirus: después puede venir lo peor

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“¿Realmente el coronavirus es tan serio? El especialista Pablo Goldsmith, por caso, dice que no. Como referencia, recordemos que la epidemia por el virus H1N1, otra neumonía viral, provocó en Argentina 685 muertes en 5 meses. No se tomaron medidas excepcionales, cierres de aeropuertos, restricciones a la movilidad individual, cancelación de actividades públicas, y mucho menos la… Read More

Unprecedented Decline: How Bad Will It Get?

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This article was originally published on UPFINA. The post Unprecedented Decline: How Bad Will It Get? appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Let’s start this article with some of the craziest stats from March 12th’s plunge. This decline will go down in market history because it was the 5th biggest… Read More

Is This Like 2008?

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This article was originally published on UPFINA. The post Is This Like 2008? appeared first on UPFINA – Pursuit of Truth in Finance & Economics. With the S&P 500 down just under 27% from the peak in February. We are at a moment of extreme pessimism. This was the fastest bear market ever. The pessimism isn’t… Read More

What Stocks Are Pricing In

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This article was originally published on UPFINA. The post What Stocks Are Pricing In appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Morningstar recently put out research suggesting the stock market has way overreacted to the impact of COVID-19. However, it’s reflective of human emotions. Even if the virus isn’t devastating, it… Read More

Spanish: Alejandro Tagliavini – Con la excusa del coronavirus, los Estados destruyen mercados y el rebote que vendrá

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“Algún día entenderemos que la violencia solo destruye a la naturaleza que de suyo provee los recursos para una vida digna para todos. Entretanto seguiremos autoflagelándonos, creando pobreza y desorden.” LINK HERE to the Article Disclaimer: The views or opinions expressed in this blog post may or may not be representative of the views or… Read More

Stocks Aren’t Cheap & The Economic Data Is Worsening

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This article was originally published on UPFINA. The post Stocks Aren’t Cheap & The Economic Data Is Worsening appeared first on UPFINA – Pursuit of Truth in Finance & Economics. Markets are more liquid than ever, in terms of trading volume, and information flows freer and quicker than ever. This economic expansion has been modest, but… Read More