Bob's Journal
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Bob’s Journal for 8/6/20
Some Notable Events That Grabbed My Attention This Week The stock market appears to be dividing into an increasingly smaller group of haves and much larger have-nots. The Nasdaq 100 has been the best-performing index for a while. But most of its members have not participated in the latest surge. For example, though the index […]
Bob’s Journal for 7/20/20
Some Notable Events That Grabbed My Attention This Week Two headlines in today’s Wall Street Journal show how the pandemic has upended the economy. In fact, the economy has changed rapidly. In addition, some businesses have been helped while others have been hurt badly. One headline said, “U.S. Economy Posts Sharpest Downturn on Record.” It […]
Bob’s Journal for 7/23/20
Some Notable Events That Grabbed My Attention This Week Looking Beyond the Unemployment Claims Headlines The employment market probably is worse than the weekly data indicate. Most of the focus is on the number of new unemployment claims and the continuing claims. Those are very good measures of trends in the economy and labor markets. […]
Bob’s Journal for 7/16/20
Some Notable Events That Grabbed My Attention This Week Good News on the Coronavirus Front There has been a surge of positive news in the last few days about the prospects for one or more vaccines against the coronavirus. The German firm BioNTech, which is partnering with Pfizer on a vaccine, is indicating it plans […]
Bob’s Journal for 7/9/20
Some Notable Events That Grabbed My Attention This Week The Wealthy Cut Their Spending There was a lot of interesting information below the headlines of the recent reports on income and spending. The stimulus programs Congress enacted beginning in March were designed to replace income that households and businesses lost due to stay-at-home policies. The […]
Bob’s Journal for 7/2/20
Some Notable Events That Grabbed My Attention This Week I’ve been saying it for a while, but other analysts are coming around to my view of the economy. Investors and analysts have been trying to predict which letter of the alphabet the economic recovery from the pandemic will most resemble. Initial predictions were for a […]
Bob’s Journal for 6/25/20
Some Notable Events That Grabbed My Attention This Week IRS Expands RMD Waiver The IRS provided some big tax breaks for those who took required minimum distributions (RMDs) early this year and also for people who took RMDs from inherited IRAs. The much-awaited detailed guidance explains how RMDs are affected by the Coronavirus Aid, Relief […]
Bob’s Journal for 6/18/20
Some Notable Events That Grabbed My Attention This Week This is a good time to put your long-term care plan in order, so you won’t have to suffer the way many long-term care facility residents have during the pandemic. A high percentage of the novel coronavirus infections and fatalities have been residents of U.S. nursing […]
