The Transcript 10.19.20

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Succinct Summary: Earnings season kicked off this week.  The nation's big banks reported earnings and for the most part provided positive economic commentary.  We are seeing a return to a generally sound economy and confidence has improved a lot.  Credit performance has been much better than expected and if nothing changes banks probably have a lot of excess reserves.  The election creates the potential for near-term volatility but the end of the pandemic is hopefully in sight. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.

The Transcript 04.06.20

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Succinct Summary: The next two weeks could be very painful for the US but hopefully we are approaching the peak for the growth of infections.  Still, the economy could be locked down for a long time and no one really knows how things will look as we come out of this.  It's hard to keep the consumer down. Reminder: This weekly newsletter is supported by donations from our readers. If you like what you are reading, click here to donate (Suggested donation: $10 per month). Help us keep the Transcript going.