With the sudden emergence of  the Coronavirus Pandemic, companies like GM are cutting their dividends. It's what they have to do to survive. While it was very clear, for very long that the stock market would eventually crash, no one foresaw a pandemic. When will the recovery take place and when is the best time to invest are two issues we discuss. 

Direct download: Eddie_Ghabour_05.May.20.mp3
Category:general -- posted at: 8:01am EST

They also know that they have only two possible outs: bankruptcy, or some form of federal bailout. Since the former means a disgraceful end to local political careers while the latter requires some kind of massive crisis to push Washington into a place where a multi-trillion dollar state/city bailout is the least bad option, it’s safe to assume that mayors and governors – along with public sector union leaders – have been hoping for such a crisis to save their bacon.

And this year they got their wish.

Direct download: John_Rubino_05.May.20.mp3
Category:general -- posted at: 8:00am EST

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