In 30 Seconds or Less …. Probably Not & Here’s Why The Dow continues to rally after the best week since 1938. Have we really seen the bottom? Goldman & UBS are on record as saying Not Yet while JPM says Yes! It would be the record for the fastest bottoming out as most downturns take months of ups & downs before finally finding the absolute bottom or nadir. The shortest on record was 3 months but the typical is…
30 Seconds or less… It’s the Million Dollar Question! The House of Representatives are all scrambling to get back to DC for an in-person vote on the $ 2T Stimulus Package. Antiquated rules require an in-person vote if even 1 representative does not agree to vote for the bill. (We know they won’t have any problems getting a flight back to DC! ) It was thought that the bill would pass by unanimous voice consent and not require travel. And…
Carey’s 30 Second Snapshot – The U.S. Senate passed an unprecedented peacetime $2T Stimulus Package last night which some are saying equals 9 to 10% of the GDP (remember, Gross Domestic Product or the measure of value/income created in our economy) and the House is expected to unanimously approve the bill today. (Or they’ll have to come into to work as antiquated voting laws require them to be present on the House floor to vote if any one House member…
Why in 30 Second? The Legislative Branch failed to agree on a Fiscal Stimulus Plan over the weekend and it’s leading to another challenging day. What is Fiscal Stimulus? There are a number of tools available to the Legislative Branch & the White House including but not limited to direct government checks, grants, tax relief, etc. Unfortunately, the legislative branch continues to squabble between the parties. Usually, I am deaf to it. However, this is the time when we need our…
The Long & Short of It for those who literally have 30 seconds – (AKA Carey’s Corner) The stock market has already priced in no real business getting done for 2 to 3 months (technical speak: the economy is contracting & creating a negative Gross Domestic Product – GDP). IF the estimated duration (or the expected time of a 2 to 3 month shutdown) is accurate, we’re fine. And there will be a pretty quick return to growth and an…
This site is for all my amazingly brilliant friends, those I know well and those I look forward to getting to know, who have highly successful worlds and yet physically shudder when talking about money or leadership opportunities. Since I find myself with time on my hands, I thought I’d share in plain English what you need to know about the economy and the rapidly evolving leadership space in this new normal. Welcome & Stay Safe! Susie My background is…
Yesterday, proved the old adage remains true. Cash is King! There is nothing more valuable than good old fashion cash or cash equivalents. Most of us were raised to have a rainy day fund in the bank or in a money market fund in a brokerage account. Now, is that rainy day ~ literally and figuratively. Our rainy day funds should cover 6 months to 1 years’ worth of basic living expenses. Take solace in that! There is no immediate…
Does the stock market trigger a recession? No, stock market sell-offs do not necessarily mean we are in a recession. However, they are good barometers of coming storms or simple little squalls. So they do typically go along with each other. The Stock Market is and has always been prone to wild, emotional swings or what’s called volatility when there is uncertainty in the market. And they say women over react! A few things to know about the Stock…
What the hell is going on with the economy?!?!? We are most likely in a global recession. Full stop. The funny thing about economics is it takes backward looking data to know anything for sure. How mild (a simple little slow down in spending, some layoffs & a soft credit market) or how deep (Great Depression and 1929 Stock Market Crash) all depends on how long we have to live this new normal. The economy needs YOU to stay calm…