U.S. Economy Shrinks at 4.8% Pace, Signaling Start
of Recession
U.S. economy shrank 4.8 percent in first quarter,
the biggest decline since the Great Recession
Worst Economy in a Decade. What’s Next? ‘Worst in
Our Lifetime.’
https://www.nytimes.com/2020/04/29/business/economy/gdp-economy-coronavirus.html
Pending home sales tank nearly 21% in March, but
Realtors claim prices will hold up
City and state layoffs begin, threatening health,
education, safety and sanitation
https://www.washingtonpost.com/business/2020/04/29/cities-states-layoffs-furloughs-coronavirus/
Fiscal Crises Grip U.S., Europe Over Aid to Their Weakest States
Fiscal Crises Grip U.S., Europe Over Aid to Their Weakest States
The Man with the U.S. Economy in His Hands
World’s Richest Are Waiting for New Dip in Stocks
Before Buying
“The majority of the world’s wealthiest investors are
waiting for stocks to drop further before buying again, on concerns about the
pandemic’s impact on the global economy, according to a poll by UBS Global
Wealth Management.
Among the surveyed investors and business owners with
at least $1 million in investable assets or in annual revenue, 61% want to see
equities fall another 5% to 20% before buying, while 23% say it’s already a
good time to do so. Some 16% say that now is not the time to load up on stocks
as it’s a bear market”.
When the Big Get Bigger, Active Stockpickers Feel
Even More Pain
Investors Bet Giant Companies Will Dominate After
Crisis
Who’s Profiting from the Coronavirus Crisis?