This video is interesting, it digs into why the stock market is inversely correlated to the economy. Also interesting, price discovery is not completely disconnected from reality. And the Fed...
you want to remember three rules. First, the stock market is not the economy. Second, the stock market is not the economy. Third, the stock market is not the economy.
This video is interesting, it digs into why the stock market is inversely correlated to the economy.
means cash-strapped state governments should be able to retain teachers and policemen and programs
The Fed also is about to lend another $500 billion to Main Street businesses, which is coming too late to avoid the pain of the last month but will still matter greatly to the ability of companies to move forward and eventually rehire.
For those who have lost their jobs, I hope this post isn't tone deaf.
I've seen something like this in a smaller scale at the business I work for. Not to give away too much, the company I work for primarily sells large expensive luxury appliances in a very saturated...
I've seen something like this in a smaller scale at the business I work for.
Not to give away too much, the company I work for primarily sells large expensive luxury appliances in a very saturated market. Less than a month ago, we were looking at losing as much as 2/3 of the business and laying off staff, and our largest competition was looking like it was about to close down. But for the last few weeks, we have been making sales like crazy. I work as an analyst there but I have been forced into the role of a salesperson because there is just that much demand. We went from 3 hour days to full-time over the course of 2 weeks.
While I would like to attribute the changes to how well I managed to change our marketing techniques, it's far more likely that it was part of government intervention. Getting emergency loans for payroll was a major lifesaver, but the stimulus payment and extra unemployment money probably helped people gained the confidence to make such a large purchase. Plus, with people stuck inside they are probably looking for ways to improve their situation and entertain themselves.
This video is interesting, it digs into why the stock market is inversely correlated to the economy.
Also interesting, price discovery is not completely disconnected from reality.
And the Fed intervention will benefit main street as well as wall street as it
For those who have lost their jobs, I hope this post isn't tone deaf.
I've seen something like this in a smaller scale at the business I work for.
Not to give away too much, the company I work for primarily sells large expensive luxury appliances in a very saturated market. Less than a month ago, we were looking at losing as much as 2/3 of the business and laying off staff, and our largest competition was looking like it was about to close down. But for the last few weeks, we have been making sales like crazy. I work as an analyst there but I have been forced into the role of a salesperson because there is just that much demand. We went from 3 hour days to full-time over the course of 2 weeks.
While I would like to attribute the changes to how well I managed to change our marketing techniques, it's far more likely that it was part of government intervention. Getting emergency loans for payroll was a major lifesaver, but the stimulus payment and extra unemployment money probably helped people gained the confidence to make such a large purchase. Plus, with people stuck inside they are probably looking for ways to improve their situation and entertain themselves.