Norfolk News

August 2020 Insight: Market Indicators
The Economy With the COVID-19 pandemic causing weeks of record job losses and an unemployment rate not seen since the Great Depression, has the U.S. economy seen the bottom? According to Forbes, the leading economic indicators they track signal yes; the shortest recession in history is over. However, three components are necessary for a durable […]
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July 2020 Insight Guide: Market Indicators
The Economy As COVID-19 continues to spread in the U.S., Goldman Sachs revised its GDP expectation for the third quarter. The bank now sees GDP growing 25%, down from the original expectation of 33%. The bank also sees total economic contraction worsening to 4.6% from 4.2%. This is largely due to slower-than-expected recovery in consumer […]
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The C’s of Credit: Traditional and Today
The C’s of Credit have traditionally been related to 5 key subjects in credit analysis: Character, Capacity, Capital, Conditions, and Collateral. However, should there be only 5 in today’s world? Are there other C’s that should be considered? This discussion will define the traditional C’s plus additional C’s to contemplate. Character Character refers to the […]
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June 2020 Insight Guide: Market Indicators
The Economy The U.S. economy added 2.5 million jobs in May, a surprising jump as businesses across the nation began to reopen from the COVID-19 shutdown. The unemployment rate fell to 13.3%; this is still high by historical standards, but much better than expected and still an improvement over April’s jobless rate of 14.7%. With […]
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May 2020 Insight Guide: Market Indicators
The Economy The U.S. economy cut a record 20.5 million jobs in April, while the unemployment rate climbed to 14.7%, as the coronavirus pandemic forced businesses across the U.S. to temporarily shut down and lay off workers. Key Indicators The Architectural Billings Index fell by 20.1 points to a score of 33.3 for the month […]
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April 2020 Insight Guide: Market Indicators
The Economy Initial filings for unemployment insurance in the U.S. totaled a record 6.648 million for the week ending March 28. That more than doubled the prior week’s reported total that was also marked a high record at the time. Economists at Bank of America Global Research believe that, even though the current labor market […]
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