Economic Numbers Are Alarming, People Are ‘Nervous’ Says Goldman’s Mossavar-Rahmani

Apr.02 — America’s once-robust labor market is collapsing faster than at any point in the last century. The details are about to start showing in the monthly jobs report. Nearly 10 million jobless claims have been filed in the past two weeks. Sharmin Mossavir Rahmani, global head of the investment strategy group at Goldman Sachs, … Read more Economic Numbers Are Alarming, People Are ‘Nervous’ Says Goldman’s Mossavar-Rahmani

Manhattan Home Sellers Hold Back Listings During Coronavirus

Apr.02 — Worried about the coronavirus, Manhattan homeowners held units back, or withdrew them from the market entirely. That pushed the inventory down 8% at the end of March from the beginning of the year — the first decline for the period since 2007, appraiser Miller Samuel Inc. and brokerage and Douglas Elliman Real Estate … Read more Manhattan Home Sellers Hold Back Listings During Coronavirus

The Case For Writing Every American a Check

Under the $2 Trillion economic stimulus bill passed last week, the US government will make direct payments to Americans who are suffering because of the coronavirus pandemic. Giving everybody money, with no strings attached, has an obvious benefit in an economic emergency. But some economists have always advocated for handing out money to nearly everyone, … Read more The Case For Writing Every American a Check

Oil Deal? – Trump Expects Saudis, Russia Will Cut Oil Production

Apr.02 — President Donald Trump said he expects Saudi Arabia and Russia to cut oil production by around 10 million barrels a day following a phone call with Crown Prince Mohammed Bin Salman on Thursday. Texas Railroad Commissioner Ryan Sitton and Bloomberg’s Annmarie Hordern discuss on “Bloomberg Markets.”