Will Higher Savings Propel the Economy? Maybe Not
To Larry Summers, today’s trove of saved-up cash will juice consumer spending. TS Lombard is skeptical, due to the persistent virus.
Tag: Great Depression
Market Moves
Biden Logs Best Market Showing Between Election and Inauguration
Big question: Will it keep going? Herbert Hoover’s showing was pretty good, too.
Market Moves
Stock Market Will Be Flat for a While, Says Bob Doll
Flanked by giddy bulls and gloomy bears, the Nuveen strategist looks for an earnings rebound in the fourth quarter and a lessening of the virus’ malign effect.
Market Moves
Sam Zell: Nice Distressed Real Estate Bargains Are Ahead
The Grave Dancer says virus shock will scar Americans’ psyches, but should benefit bargain hunters like him.
Asset Allocation
IMF Expects Worst Economic Fallout Since Great Depression
Group proposes four-point plan for ‘bridge to recovery,’ saying many emerging countries will need a reallocation of their limited public resources and an increase in the world’s flow of resources to them.