Bad Economy Getting Better but Fears a Damaging 2nd Wave

Published: May 15, 2020, 11 p.m.

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No doubt about it. The stream of economic news is terrible. The pandemic induced shutdown of much of the U.S. economy, Europe and other countries has resulted in stunning declines in employment, income, sales, earnings, government revenues, and overall economic output.

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This week\\u2019s guest has been following and cataloging all of the economic and policy developments since the beginning of the pandemic and joins us with a summary and update on what it means for the overall economy, businesses, consumers, and investors.

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We are delighted to welcome Ed Hyman back to WEALTHTRACK to share his current outlook with us. Hyman has been voted Wall Street\\u2019s Number One Economist for an unprecedented 39 years in Institutional Investor\\u2019s annual survey. No one else comes even close to that record.

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He is Vice Chairman of Evercore, a leading independent investment banking and advisory firm, and the Founder and Chairman of its Evercore ISI division where he leads its economic research team.

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For months now Hyman\\u2019s must-read daily reports have described the condition of the global economy as being in \\u201cfree fall\\u201d and the policy response as \\u201cmassive\\u201d. Just recently however he noticed a slight change.  As he described it the economic data was still \\u201creally bad,\\u201d but it was also, \\u201cbetter.\\u201d

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He will describe both the \\u201creally bad\\u201d and the \\u201cbetter\\u201d for us.

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More info: https://wealthtrack.com/wall-streets-1-e\\u2026amaging-2nd-wave/

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