Jul 28, 2020
We’re back, and we’ve come bearing gifts in the form of retooled format (including a new segment!). Join us as we recap a weird tax season, take a look at the storylines that emerged after the Treasury Department finally released data about who received PPP loans, and wrap up our discussion of economic indicators with a deep dive into the stock market.
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Mentioned in the episode:
Flipping the News
From the Treasury Department: SBA Paycheck Protection Program Loan Data
Over 500,000 businesses got PPP
loans but are listed as retaining zero jobs, Treasury Department
Up to 90% of minority and women owners shut out of Paycheck Protection Program, experts fear
The Main Event
From Investopedia: The history and current composition of the Dow Jones Industrial Average
Also from Investopedia: What is the Nasdaq?
From The Balance: Understanding the S&P 500
From Equitable Growth: Who benefits from the booming US Stock Market?
The Stock Market Has Almost Always Ignored the Economy (Washington Post)
When the White House first floated the idea of negative interest rates back in May, this NBC article looked at the possible effect on our wallets.
Why increased profits don’t always mean more business investment (Equitable Growth)
NPR explores a few theories explaning the stock market’s strong performance in the face of an economic downturn.