In March, I wrote about how investors should prepare for inflation and then two months later, I wondered whether high prices would persist. So far, the answer to that question is a resounding, “at least for a while!”
The Gigantic Economic Hole
CBS This Morning: Record Unemployment
A record 20.5 million Americans lost jobs in April, according to an unemployment report released by the Labor Department Friday. The U.S. unemployment rate jumped to 14.7%, the worst since the Great Depression. I joined CBS This Morning: Saturday to unpack the staggering figure and discuss what it means for the future of the country.
Virus Vaporizes Jobs
CBS This Morning: Unemployment Rate Soars
The U.S. economy lost 20.5 million jobs in April amid the coronavirus pandemic. The national unemployment rate soared to 14.7% last month, the highest since the Great Depression. I joined CBS This Morning to discuss.