Erik Sherman, Forbes

Erik Sherman

Forbes

Northfield, MA, United States

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Recent:
  • Forbes
Past:
  • Business Insider
  • Fortune
  • Inc.com
  • Entrepreneur
  • HouseLogic
  • CBS News
  • AOL Jobs

Recent articles by Erik:

The Real State Of Unemployment Is Much Higher Than Official Numbers

Unemployment, viewed through the lens of unemployment insurance filings, is much worse than the official rate. → Read More

Postal Service Debt Is In Part A Defense Department Subsidy And Federal Accounting Sham

Ridiculous pension fund pre-payments are only part of the issue facing the USPS. → Read More

The Latest Money Insanity: The SEC Wants Retail Investors To Invest In Private Equity

The SEC gets into the sales business, promoting the idea of retail investors putting money into private equity. This is a bad move. → Read More

What is a recession? How economists define periods of economic downturn

A recession is a period of economic decline spread across the economy that occurs more often than you may think. Here's why and how they happen. → Read More

Trying To Figure Out The Crazy 'Drop' In Unemployment

The May unemployment numbers seem like a great improvement, but it's impossible to tell if they're close to right. → Read More

States are emptying their unemployment funds, and even the federal fund designed as a backstop is likely to run out of money

The unemployment crisis could force states to limit the duration and dollar amount of benefits, experts warn. → Read More

The Russell 2000 may have predicted the stock market crash—and could foreshadow the next bull market

The index is more sensitive to domestic economic conditions and often leads in a recession or recovery. → Read More

Companies use carbon allowances, offsets to reduce carbon footprint: How it works, does it help the environment?

Without proper care and oversight, offsets and allowances can become a way to get bragging rights for not doing anything. → Read More

What is a depression? Could we have one in the U.S. due to the coronavirus? Economists weigh in

The U.S. economy is hurtling towards a recession as a result of the coronavirus pandemic, but some economists think a depression is also a possibility. → Read More

‘The common theme is fear and panic’: These are the lessons learned from the past 3 bear markets

In '87, management at one firm gave each trader a razor and a coffee can (to avoid bathroom breaks), and told them to stay in place. → Read More

In a first, NYSE will close its trading floor and conduct remote trading amid coronavirus pandemic

Since the 19th century, the floor has been open when markets are. Coronavirus has ended that streak. → Read More

Goldman Sachs just made a grim prediction for Q2 after 'sudden stop for the U.S. economy'

The report assumed an -85% reduction in sports spending, -75% in transportation, and a -65% decline in revenues for hotels and restaurants. → Read More

Most second quarter GDP forecasts now range from horrible (-8%) to catastrophic (-15%)

"It may be the largest contraction of GDP on record in a specific quarter," said Gregory Daco, chief U.S. economist at Oxford Economics USA. → Read More

Oil sector searches for the bottom as companies cut spending on coronavirus, price war

Worldwide, the sector faces a double hit to demand and supply that’s never been seen before. → Read More

The Dow posts it biggest one-day point loss ever as nothing can stem the coronavirus panic on Wall Street

"The Fed hoped that the market would take solace," said one analyst. "Instead, the market became suspicious." → Read More

How swing-state economies have performed since the 2016 election in 6 maps

Will it be "the economy, stupid" in 2020? → Read More

Stock market indices up in major rally, but traders see more coronavirus uneasiness next week

Markets rallied to close out the day—and cap an exhausting week. → Read More

Welcome to your first bear market. Here’s what it means

Stocks fell into bear territory but many investors have never experienced such a market. → Read More

Markets did better under Obama than Trump: Recent crash puts the current president even further behind

Bragging rights continue to elude the current occupant of the White House. → Read More

U.S. economy: The stock market would need to fall this much to wipe out all of Trump's gains

The S&P 500 is only 611 points above where it was when Trump was inaugurated. → Read More