It is going to take several years for the U.S. economy to recover back to 2019 levels. 2019 is a low bar in our view as that economy - much like the present one - was debt-fueled, deficit-ridden and plagued by artificially low interest rates. These factors in the aggregate have stymied sustainable, real economic … Continue reading Markets Are Poised To Grind Lower
Tag: economic uncertainty
Q3'20, Q4'20 and calendar 2021 consensus estimates need to come down. Why? 21% unemployment (U6 measure), permanent economic damage that businesses suffered (and will continue to suffer), as a result of the shutdown, the COVID "back-to-work tax", the threat of a second COVID wave, geopolitical risk, record debt levels and social unrest have created more … Continue reading Expect A Bumpy Ride For The Economy and The Capital Markets Over The Next Several Years.
COVID's negative impact on commerce and the general economy will be felt for some time. 3M (tkr: MMM) is not the only company to hire a new CFO with operating experience in an effort to mitigate the operational uncertainties of COVID. One may believe that all CFOs are operators. Think again. “His (3M's new CFO), … Continue reading Companies Are Recruiting CFOs with Operating Experience to Mitigate COVID Uncertainty