Stock

Fed Chair Powell’s Mario Moment…

In a dramatic move on Sunday evening the FOMC took a series of policy actions intended to forestall the economic slowing that is anticipated as a result of the coronavirus spread in the U.S., and the governmental and private sector policies seeking to address it. Just to recap a few points from Federal Reserve Chair […]

Investing

Chaos can create opportunities

Heading into 2020, the global economy was showing signs of stabilizing and risk assets were benefiting from the cyclical rebound in activity. In recent months, however, the coronavirus has delivered a significant external shock to Chinese and global economic activity at a vulnerable stage of the business cycle. Meanwhile, markets are reacting to the contagion […]

Stock

March 19 Update: US COVID-19 Tests per Day

Tests per day is a key number to track (along with actual cases and, sadly, deaths). But total tests were a key for South Korea slowing the spread of COVID-19. South Korea has been conducting 15,000 tests per day with about one-fifth of the US population, so the US needs to test 70,000 to 100,000 […]

Real Estate

National Housing Data Methodology

Introducing the new national & regional metrics Redfin releases data on a variety of housing indicators each month on our Data Center. Most of the data for these metrics come directly from the local Multiple Listing Services (MLS). Additionally, a handful of metrics are verified with public records data. Historically, all of Redfin’s housing metrics […]

Stock

Hotels: Occupancy Rate Declined 24.4% Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 14 March Showing further COVID-19 impact, the U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 8-14 March 2020, according to data from STR. In comparison with the week of 10-16 March 2019, the industry recorded the following: […]

Tax

Responding to the COVID-19 Crisis

We’re facing uncertain times right now as the Corona Virus spreads. Events are cancelled, Companyes are closing, and travel has definitely slowed. It’s still tax season, however and millions of Americans still need to file. As we think about how to move forward with Company as usual, here are some things we are doing here […]

Stock

Philly Fed “Current Manufacturing Indicators Show a Weakening in Activity in March”

From the Philly Fed: Current Manufacturing Indicators Show a Weakening in Activity in March Manufacturing firms reported a significant weakening in regional manufacturing activity this month, according to results from the Manufacturing Business Outlook Survey. The survey’s current indicators for general activity, new orders, and shipments fell precipitously this month, coinciding with developments related to […]

Real Estate

Are We About to See a New Wave of Foreclosures?

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments. In spite of this, […]

Tax

Why exams?

Like hundreds of thousands of other parents all over the country I now face the prospect of having a child at home for many months to come. In my son’s case the situation is complicated by the fact that he was about to take his A-levels. And now he will not be. As a result, […]

Tax

The banks are using this crisis to demand that we go back to the rules of 2007 so that they can exploit us all over again

As the Financial Times has reported this morning: The global banking industry is demanding regulators relax or delay a raft of post-crisis rules on everything from capital and liquidity to accounting and climate change, which they argue are hampering their ability to respond to the coronavirus crisis. Executives have launched the globally co-ordinated push to convince […]

Stock

Thursday: Unemployment Claims, Philly Fed Mfg

Weekly Claims will be huge this week (reported next week), but we will probably also see an increase in the claims reported for last week. The Philly Fed survey for March will probably be much weaker than the forecast. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus […]