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I felt a great disturbance in the economy, as if millions of voices suddenly cried out in terror and were suddenly unemployed. 6.6 Million Job Cuts; Luckin Nuts; Zoom’s a Klutz April 2, 2020 by Joseph Hargett Great Stuff Thanks, I Hate Record-Setting Years Anyone else tired of records? I’m not talking about vinyl. My vinyl collection is one of the few things keeping me sane during this quarantine (The White Album, Led Zeppelin IV, Ziggy Stardust, Dark Side of the Moon, Facelift, Paul’s Boutique, World Domination … it gets more eccentric as the […]
We’re whipsawing 1,000 points every other day, and Great Stuff is making Great Depression jokes. It’s madness! No. 1 In Infections; Pot for Profit; Crapping Out in China March 27, 2020 by Joseph Hargett Great Stuff Friday Four Play: The “WE’RE NO. 1!” Edition Are we having fun yet? Thousand-point swings in the Dow used to send investors panicking and running through the streets. Now? Meh. Been there, done that. This week, the Dow posted its biggest three-day gain since 1931. All the major financial publications crowed about it. “We’re back […]
As hopeful as you want to be … as hopeful as Wall Street wants to be … we aren't close to getting past the worst of the spread. 3.28 Million Lost; Micron Moves; Cheesecake Blues March 26, 2020 by Joseph Hargett Great Stuff Denial, Seems It Had to Come I warned you it was coming. I warned you it’d be bad. Relied on me to say it all. (Any Sevendust fans out there? No? Oh well…) Weekly jobless claims arrived today, and they were record-breaking. The U.S. Department of Labor reported that 3.28 million Americans filed for unemployment […]
My Message From Ground Zero: Invest Right Now March 26, 2020 by Charles Mizrahi American Investor Today The coronavirus kicked New York City right in the teeth. Right now, it’s experiencing a shortage of beds, ventilators and testing kits in response to this pandemic. But Charles Mizrahi explains why New Yorkers are an optimistic people, and how our nation will figure out a way forward sooner rather than later.
The White House and the Senate agreed to a $2 trillion stimulus package, but the COVID-19 fallout is far from over. Senate Knows Best?; Sucker Bets on Jumbo Jets March 25, 2020 by Joseph Hargett Great Stuff Mo’ Money, Fewer Problems? They did it. They finally did it. By “they,” I mean Congress … and by “it,” I mean a stimulus package deal to combat the coronavirus. The Senate and the White House announced late last night that they reached an agreement on a historic $2 trillion spending bill. (That’s trillion with […]

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