Morris Beschloss

The Beschloss Perspective

U.S. Banks Expect Big Profits Ahead

Banks are reporting second-quarter earnings 40 percent higher than the same period a year ago.

October 5, 2021

While the economic recovery maintains growing profits, major U.S. banks anticipate one of their biggest profit years ahead — such as major players J.P. Morgan Chase and Co. and Citigroup.

The Beschloss Perspective

Conservative Lending Practices, High Demand Drive Housing Market

The result has been fierce competition among buyers for a very limited number of homes.

September 3, 2021

Morris Beschloss

The result has been fierce competition among buyers for a very limited number of homes. Also, fewer new homes are being built because of the pandemic, and older homeowners are reluctant to sell. This makes already high prices even higher.

The Beschloss Perspective

Will Oil Companies Seek Green Electricity?

As America’s business turns to renewable power, major oil companies want to grab more of that action.

August 9, 2021

Morris Beschloss

As America’s business turns to renewable power, major oil companies want to grab more of that action. Whether the energy giants like it or not, diversification into renewables may be the only way to stave off bankruptcy.

The Beschloss Perspective

JPMorgan Chase CEO Predicts Major Economic Boom

Strong consumer savings, expanded vaccine distribution and a 2.3 trillion-dollar infrastructure plan will secure sustained economic growth.

July 2, 2021

Morris Beschloss

Jamie Dimon notes that strong consumer savings, expanded vaccine distribution, and a 2.3 trillion-dollar infrastructure plan will secure sustained economic growth.

PVF Market Overview

Impact of the Colonial Pipeline Data Hack

Eastern states experienced fuel shortages, exacerbated by a trucker shortage.

June 1, 2021

Morris Beschloss

Eastern states experienced fuel shortages, exacerbated by a trucker shortage. Trucking fleets have been stepping up equipment orders and raising driver pay as they compete for labor with industries such as construction.

The Beschloss Perspective

Handling the Mounting U.S. Debt

FDR opened up the government’s coffers to end the Great Depression and produce military materials for World War II.

June 1, 2021

Morris Beschloss

Since time immemorial, incoming presidents were confronted with a mountainous U.S. debt that was piled on their desks, a major problem with which to contend.

The Beschloss Perspective

Has the U.S. Employment Sector Radically Changed?

The Biden administration champions the retail revolution and lower prices for America’s shoppers at the expense of domestic manufacturing.

May 7, 2021

Morris Beschloss

As 2021 was barely on its feet, the U.S. economy began to take on a rapidly new look as, under President Joseph Biden's direction, 80 percent of American’s vaunted energy base will be eliminated.

The Beschloss Perspective

How China is Winning the Trade War

Despite all efforts to restart U.S. manufacturing, Chinese shipments into the United States have increased in the past few years.

April 2, 2021

Morris Beschloss

Even before the coronavirus global pandemic started America’s steepest economic downturn since the Great Depression, China inhibited attempts by President Donald Trump’s administration to curb China’s exports into the United States with heavy tariffs.

The Beschloss Perspective

A Permanent Change to U.S. Financial Structure?

During the pandemic, the U.S. stock markets suddenly became a focal point for investors.

March 8, 2021

Morris Beschloss

When the COVID-19 pandemic struck like a thunderbolt in late February 2020, the financial results were expected to crash the stock and bond markets, while the money available would be withdrawn or kept in the banks.

The Beschloss Perspective

Dropping Oil Demand Continues

The COVID-19 pandemic has reduced oil and gas use, while President Joseph Biden will prioritize renewable energy sources.

February 1, 2021

Morris Beschloss

As if reacting to Joseph Biden’s presidency, the International Energy Agency slashed upcoming oil demand to its lowest level in years without indication of improvement ever after.