Investing and Global Finance News

Author Archives: Tom Sanderson

Economic Experts Weigh In

There are many different opinions and predictions vis-à-vis the pandemic-based economic recovery.  Here, we take a look at a few of them:

Ed Yardeni of Yardeni Research said:

“The V-shaped recovery in real GDP will remain V-shaped during the first half of this year and probably through the end of the year. However, it will no longer be a ‘recovery’ beyond Q1 because real GDP will have fully recovered during the current quarter. Thereafter, GDP will be in an ‘expansion’ in record-high territory.”

John Williams, President of the New York Federal Reserve said:

“With strong federal fiscal support and continued progress on vaccination, GDP growth this year could be the strongest we’ve seen in decades.”

According to Natixis US Economist, Troy Ludtka:

“The most glaring issue with where we stand now has to be the labor market. We still have [nearly] 10 million jobs which are just simply missing.You’re going to see a situation in the coming years, looking back to this moment, where official statistics on things like food insecurity, poverty and inequality are going to reach generational highs.”

RSM Chief Economist, Joseph Brusuelas said:

“You’re going to see the growth rates in the middle of the year probably close to 9%. That’s how strong the reopening of the U.S. economy will be vis-a-vis the release of pent-up demand by the household sector. I don’t expect the pent-up demand to all be released this year. I’m expecting it to take about two years to do that, primarily because households will be somewhat cautious about the release of cash.”

Jerome Powell of the Federal Reserve senses that the pandemic’s economic recovery has actually  “progressed more quickly than generally expected and looks to be strengthening but that those sectors that were hardest hit] remain weak [and that unemployment numbers actually] underestimate the shortfall, [implying that there is still a long way to go for economic recovery.]”

It’s hard to pinpoint exactly where the recovery will end up but for now there is room for optimism within a wider framework of understanding the severity of what the pandemic has created for many people, financially.

Global Financial Services Market

Financiers anticipate that the financial services market around the world will see a substantial increase this year from an approximated $20,490.46 billion from 2020 to  $22,515.17 billion this year.  In 2025 the anticipated CAGR rate of growth is 6 percent with a market expectation of $28,529.29 billion The rationale behind this growth can be seen… Continue Reading

Coronavirus-Business Quotes

What has society learned from COVID-19 in the business world? From the negative standpoint, unfortunately a lot with an insurmountable number of job losses leading to fiscal damage not seen in this generation.  A recent study entitled ‘KFF Health Tracking Poll: Economic Hardship, Health Coverage and the ACA’ pointed out: “The economic impact of the… Continue Reading

Rosalind Brewer Becomes 20th Black CEO in America

Rosalind Brewer has been named incoming CEO of Walgreens, effective March 15, 2021. This role makes Brewer, who is leaving her position as COO at Starbucks, the only Black woman to lead a Fortune 500 company. Brewer joins the other 19 Black CEOs — 17 men and two women — who have ever been listed as… Continue Reading

Celebrate Women Virtual Conference

Celebrate Women Virtual Conference

“Surviving (and Thriving) in Unsettling Times.” That is the theme and topic of the 15th annual Celebrate Women virtual conference set to begin on Friday, March 19, 2021. Alison Levine, American mountain climber, sportswoman, explorer, leadership consultant and best-selling author, will deliver the keynote address. Levine was team captain of the first American Women’s Everest Expedition,… Continue Reading

Entrepreneurial Tips from Mozes Konig

Mozes Konig – CEO and founder of venture capital firm MVKonig Ltd. – has provided seed capital to entrepreneurs seeking to create a successful business out of their enterprising business plans.  Konig – who some time ago cleared up his Interpol issues – has experienced the difficulty firsthand in starting a business and as such… Continue Reading

Broadway Ticketing Reworked by NY-based Company

Broadway Ticketing Reworked by NY-based Company

Jujamcyn, the company responsible for the operations of five Broadway theaters, has signed a deal with New York-based SeatGeek. Many theater and performance spots are planning ahead for post-COVID reopenings. For Jujamycn, part of its new strategy included a major rework of its ticketing system. SeatGeek, a well-known sports industry player, is using its contract… Continue Reading

What Small Business Owners Can Do Right Now

Building and sustaining a small business is no easy task. Marketing, developing, and producing products or services demand high levels of attention and involvement. This digital marketing checklist lays out simple and effective tips for businesses of any size. Your brand’s identity is critical for marketing purposes, digital or otherwise. Articulate what makes your business… Continue Reading