Analysts are forecasting the near future of economic recovery. Neel Kashkari, who oversaw the Troubled Asset Relief Program in the wake of the 2008 financial crisis, shares his thoughts on the outcome. New investment strategies are arising from the COVID-19 crisis. Michael Lebowitz, the founding partner of 720 Global, describes some changes to consider. Have you received a rebate on your car insurance? You should, says the insurance consultant for the Consumer Federation of America Doug Heller. He explains how to approach your insurance company.

Fed’s Neel Kashkari  Says Coronavirus Economic Recovery ‘Could Be A Long, Hard Road’. —  The president of the Minneapolis Federal Reserve says, “Barring some health-care miracle like that, it seems we’re going to have various phases of rolling flare ups,” Kashkari said, with “different parts of the economy turning back on, maybe turning back off again.” Read more…

Thinking Outside Of The V-Shaped Recovery Box — If the future economic recovery does not resemble the “V” shape that the financial markets are depending on, the stock market may be even more over-valued than we think. Buying shares at extreme valuations from companies that perpetually lose money will cease to be a badge of honor. Cash, Treasury bonds, active investment strategies and value may all come back into fashion.  The COVID-19 crisis transforms our economic logic. This shift is healthy but demands a new logic for investing. Read more…

Coronavirus Car Insurance Rebates For The Road Less Traveled — People are driving less, and that means big auto insurance companies such as State Farm, Allstate and Geico are giving coronavirus-related rebates. If your mileage has decreased significantly and your insurer hasn’t offered any refunds or credits, contact your provider and ask for a rate that reflects your lower risk, says Doug Heller, insurance consultant for the Consumer Federation of America. Read more…

 

John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller

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