Last month, Strata-gee reported on a shocking 30+% drop in residential housing construction, with starts dropping an eye-popping 30.2% in April. That was ultimately revised to a decline of “only” 26.4%…still a massive one month decline. Now in May, we … Continue reading
I would hope that by now long time Strata-gee readers had already anticipated this day, and now it’s official that this day has come – the U.S. economy is in a recession. It really shouldn’t surprise anyone. However, I know … Continue reading
Now completed, Strata-gee’s COVID-19 Impact on Tech II Survey is a follow-up study to Strata-gee’s original survey, COVID-19 Impact on Tech. If you haven’t read those original results yet, I would suggest you start there by clicking on this link … Continue reading
You knew it was coming, but we just couldn’t see it until statistical data caught up with the rapidly changing U.S. economy. But now, we are getting a snapshot of these changes and they are breathtaking…and a little scary. Hold … Continue reading
[Photo: Juan Arredondo, New York Times] COVID-19 Recession: Will Rebound be a V…U…or W? The Coronavirus pandemic has hit America big time. With a head-spinning swiftness, the epidemic swept across the country with ruthless efficiency – first impacting densely populated … Continue reading
An astonishing 283 million Americans are stuck in some form of self-isolation or self-quarantine due to the fact that most states and cities have imposed a “Stay-at-Home” rule in the fight to snuff out the COVID-19 pandemic. This new reality … Continue reading
Business Change of job, unemployment, resigned concept. Unemployment Claims Jump to 6.6M; Mortgage Applications Plunged 24% We are now beginning to see a rapid deterioration in economic data in the wake of the impact of the Coronavirus COVID-19 epidemic sweeping … Continue reading
Nearly 90% of Consumers Expect a Recession Because of COVID-19 New research conducted this month shows another major impact of COVID-19 Coronavirus – the crash of consumer sentiment. A statistically significant survey of a representative sample of all Americans has … Continue reading
8 Steps to Recession-Proof Your Business Most economists have come to the conclusion that a recession is imminent – if not already here – as the drive to stamp out the novel coronavirus (COVID-19) has businesses being shut down and … Continue reading
[Photo: AP Photo/Steven Senne] Last week, Strata-gee reported that housing construction starts jumped mightily in December 2019 – but now we learn in a new report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development … Continue reading