Sales & Marketing news

• 'Like nothing that has ever been seen before': Here's what 4 economists said about Friday's April jobs report

  09-05-2020 14:05 via feedproxy.google.com
  
  Friday's April nonfarm payroll report from the Labor Department was dismal — the US economy lost a record 20.5 million jobs, and the unemployment rate surged to 14.7%.
  "The size of the devastation is incredible, then you have to consider the speed of it as well," Nick Bunker, an economist at Indeed, told Business Insider. 
  Here's what four economists said about the April jobs report. 
  Visit Business Insider's homepage for more stories.Friday's April jobs report was bad on pr
  
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• America lost so many jobs in April that we could barely fit the numbers in this chart of historic downturns (and that includes all of the Great Recession)"

  09-05-2020 13:30 via feedproxy.google.com
  
  The April jobs report showed the dire effects of the coronavirus outbreak on the US economy, with over 20 million jobs lost in a single month.
  Finance blogger Bill McBride published a fascinating chart comparing the depth and breadth of previous economic downturns to the job losses already seen from the pandemic.
  The current job losses, measured as a percent decline from the previous employment peak, are already vastly deeper than any other post-WWII US recession, including the Great Recession a
  
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• 'We'll see the true financial carnage come': A 47-year market veteran warns the fallout from the coronavirus is only halfway finished — and says it'll take decades for the market to carve out new highs

  09-05-2020 12:05 via feedproxy.google.com
  
  David Hunter, the chief macro strategist at Contrarian Macro Advisors, thinks "the second shoe" stemming from the coronavirus fallout is bound to drop sometime after Labor Day.
  According to Hunter, stocks will rally hard into the summer. However, once investors realize how dire the situation is — businesses failing, bankruptcies, excessive leverage — they'll quickly lose their enthusiasm.
  Hunter is calling for stocks to carve out fresh all-time highs, and then to remain depressed thr
  
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• Investors are rushing into gold to maximize returns during the pandemic, but analysts urge investors to "take a breather"

  09-05-2020 11:02 via feedproxy.google.com
  
  Hedge funds are betting on gold as a way to maximize returns during the unprecedented monetary and fiscal stimulus. 
  But James Richman, chief executive and chief investment officer at JJ Richman said: "Gold needs to take a breather and pull back a little lower first before we can talk about any continuous rising from this point."
  Analysts point out that the fundamentals for gold have not changed and the exuberance may wane. 
  Track the price of gold live here. 
  Visit Business Insid
  
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