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Government Lifeline: The Paycheck Protection Program and Flexibility Act Impact

According to the latest report from the US Small Business Administration, more than 4.5 million businesses were approved for loans through the Paycheck Protection Program (PPP) ...
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The Stimulus Cavalry Came in April; the Consumer Cavalry Was Stuck at Home

The stimulus cavalry showed up in April, but consumer spending did not. The foundation has clearly been laid for consumer spending to come back on line. The question is, when ...
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Amid Historic Job Losses, Incomes Are…Rising?

It may sound counterintuitive, but it’s true. US Disposable Personal Income in April was 13.8% higher than the year-ago level.
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The Changing Retail Landscape

The COVID-19 pandemic has hit the retail sector hard. US Total Retail Sales in March were 6.7% below the March 2019 level. March data revealed a double-digit decline in several ...
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Europe in Worse Shape Than US, From Many Angles

The recovery profile for the European economy is more pessimistic than for the US economy, all the way through 2022. If your business has any direct or indirect connections ...
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Small Mercies - The Consumer Could Be Worse

The coming weeks and months will bring new data regarding the magnitude of ongoing economic decline, and the majority of it will likely be quite negative. While reasons for ...
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