Pandemic Economic Updates
Pandemic Economic Updates
On March 11, 2020, the World Health Organization declared the COVID-19 virus a pandemic. The COVID-19 black swan was followed by the Saudis’ decision to significantly discount oil prices, disrupting the marketplace, and providing the world with a second black swan.
Health concerns, a dramatic decline into correction territory for the S&P 500, and declining oil and copper prices have combined to create a high level of uncertainty about what to expect from an economic perspective for the rest of 2020. Through our frequent subscriber updates, blog posts, and TrendsTalk episodes, we are cutting through the media noise to bring you objective, numbers-driven insights.
If you have any questions not covered by the resources below, feel free to contact us. For regular updates delivered to your inbox, join our email list.
Additional helpful resources:
October 7, 2020 - Preparing for What Lies Ahead by Alex Chausovsky
September 25, 2020 - Revisiting the Second Black Swan by Taylor St. Germain
September 22, 2020 - Playtime Isn't Over by Jackie Greene
September 17, 2020 - Tracking the Three-Headed Monster by Brian Beaulieu
September 10, 2020 - Government Stimulus and Deficit Spending in Three Charts by Alex Chausovsky
August 18, 2020 - The 'Stakes in the Ground' for Economic Recovery by Alex Chausovsky
August 13, 2020 - Leading Indicators Hanging on Despite Second Wave by Connor Lokar
July 29, 2020 - Beware the Headlines by Alan Beaulieu
July 16, 2020 - Heightened Concern Over the Second Wave by Brian Beaulieu
July 9, 2020 - When Data Is Volatile, Focus on the Long Game by Lauren Saidel-Baker
July 2, 2020 - Going Up! by Alan Beaulieu
June 9, 2020 - Amid Historic Job Losses, Incomes Are...Rising? by Lauren Saidel-Baker
June 2, 2020 - Do Not Fear the Future by Alan Beaulieu
May 14, 2020 - The Changing Retail Landscape by Lauren Saidel-Baker
May 7, 2020 - Europe in Worse Shape Than US, From Many Angles by Alex Chausovsky
April 30, 2020 - Nowhere to Go by Alan Beaulieu
April 27, 2020 - Adapt, Evolve, Compete by Jackie Greene
April 20, 2020 - Deficit Spending in 2020 and ITR's Outlook for 2030 by Brian Beaulieu
April 16, 2020 - Small Mercies - The Consumer Could Be Worse by Lauren Saidel-Baker
April 14, 2020 - A Leading Indicator Approach to COVID-19 by Alex Chausovsky
April 9, 2020 - Turning the High Beams Back On by Connor Lokar
March 30, 2020 - And the World Goes On...by Alan Beaulieu
March 25, 2020 - China Is Returing to Work by Jackie Greene
March 23, 2020 - Forecast Update: March 23, 2020 by Brian Beaulieu
March 19, 2020 - Management Objectives for Trying Times by Lauren Saidel-Baker
March 16, 2020 - Time to Act? by Connor Lokar
March 3, 2020 - COVID-19: An Update by Brian Beaulieu
February 7, 2020 - Coronavirus and the Economy by Connor Lokar
October 9, 2020 - State Shutdowns and Economic Decline with Connor Lokar
September 25, 2020 - And the Question Is... with Alan Beaulieu
August 21, 2020 - Hashing Out Headlines with Connor Lokar
August 7, 2020 - What Do the Latest GDP Numbers Mean for Businesses? with Alex Chausovsky
July 31, 2020 - Public Sector Construction Issues in a Post COVID-19 Economy with Connor Lokar
July 24, 2020 - Trend Signals and Recovery Expectations with Alex Chausovsky
July 2, 2020 - Rising Indicators Versus Rising Cases with Connor Lokar
June 19, 2020 - Are the Leading Indicators Signaling a Reversal? with Brian Beaulieu
June 12, 2020 - Riding the Roller Coaster with Alan Beaulieu
June 8, 2020 - Common Concerns as We Prepare for the Recovery with Alex Chausovsky
June 5, 2020 - A Bit of Good News with Connor Lokar
May 15, 2020 - The Second Wave with Alan Beaulieu
May 8, 2020 - The Recession Playbook with Connor Lokar
May 1, 2020 - Managing Negativity: Opportunities on the Horizon with Alex Chausovsky
April 24, 2020 - Economic Trends Post COVID-19 with Brian Beaulieu
April 17, 2020 - When to Expect the "V" with Alan Beaulieu
April 10, 2020 - Out-Driving Our Headlights with Connor Lokar
April 3, 2020 - Update on COVID-19 and Oil Prices with Brian Beaulieu
March 27, 2020 - The Stimulus Package and US Banks with Alex Chausovsky
March 20, 2020 - Black Swan Event: The Drop in Oil Prices with Brian Beaulieu
March 13, 2020 - COVID-19: The Cost of Action Versus Inaction with Connor Lokar
February 28, 2020 - COVID-19: A Black Swan Event with Brian Beaulieu
I have been following ITR for six years now. By listening to and incorporating the practices of your leadership and excellent forecasting, my company is set to weather this COVID-19 storm while providing our employees with extra PTO and time-and-a-half pay for any hours worked. Thank you for continuing to provide measured and up-to-date forecasts for your audience. I’m very grateful for ITR’s measured analyses and objective outlooks. Your work is greatly appreciated, by large and small firms alike. Keep up the great work and give my best to the whole team.
Every year when I see Mark Mullen of Griggs Steel Company on the onsite visit, he sings our praises to the board who attends the retreat. He loves how ITR cuts through the noise and speculation and gives him the calm and rational outlook that we can rely on. He is someone that really hones in on the 3MMT outlook, but is also really amazed at how our year-end 12MMT forecast is so close to what happened. He recently told me last week that’s he’s gotten to the point where he doesn’t try to adjust the forecast on his end because he is now at a point that he trusts us, and it was a waste of his time. I always say Mark is so onboard and on top of what ITR does and says that he could work here. He really is a great example of why our forecasting and our forecast checking is so important to our clients and how they make big decisions off it.
Jeb Bell of Equipment Controls is a huge fan of ITR and has been since 2007. ITR is part of their internal lexicon on a weekly basis and we are always a part of any financial discussion internally or externally. He is always telling people about our forecasts, the people here, and how it is worth every penny he pays us, and then some! He told me that Brian’s webinar on Friday was attended by his team and they felt incredibly better after the webinar. They went into it “looking for an end”, and they left the webinar knowing it would end and they can continue with their planning and operations. It was a great help to them.
These updates are reassuring and calming during this time of media hysteria. Much appreciated.
Thank you also for providing the early info on the Coronavirus – “It will get worse before it gets better, but it will get better” – and for your solo pep rally for the US economy. It was calming and uplifting at the same time.