by Paul Lengemann, BullsnBears Economist | Jul 9, 2020 | alerts, Markets/Economy
The economic outlook is not encouraging, no matter how much the president wants to paint a rosy picture. The coronavirus is the primary culprit and the pandemic is not even close to being brought under control. Indications are that the virus and the associated disease...
by Paul Lengemann, BullsnBears Economist | Jul 3, 2020 | alerts, Markets/Economy
President Trump made a big deal about the June employment data that showed a good jump in people going back to work following weeks of coronavirus-induced furloughs. US unemployment dropped to 11.1% in June, falling from an all-time high of 14.7% in April. The number...
by Paul Lengemann, BullsnBears Economist | Jun 17, 2020 | alerts, Markets/Economy
Housing starts increased 4.3% to an annualized rate of 0.97 million in May, below market forecasts of 1,095 million and only slightly higher than an upwardly revised 0.93 million in April. It is the second-lowest level since 2015, suggesting the housing market...
by Paul Lengemann, BullsnBears Economist | Jun 12, 2020 | alerts, Markets/Economy
The US economy is showing some signs of recovery, albeit only modestly. First there were the May employment numbers which surprised everyone when they came in with a jobless rate of 13.3%, down from 14.7% in April. Then there was the GDP number at -5% for Q1. The...
by Paul Lengemann, BullsnBears Economist | Jun 5, 2020 | alerts, Markets/Economy
The US stock indices rallied today due to the US economy gaining 2.5 million jobs in May. Economists had been expecting a 2.5 million jobs decline. The unemployment rate came in at 13% vs. the projected 19%. However, the US Bureau of Labor Statistics (BLS) said...
