Erik Sherman
Forbes
Northfield, MA, United States
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Recent articles by Erik:
When Economic Theory Clashes With Reality, Individual Workers Get Hurt
Economic theory is fine, but when trusted as natural law, it often makes absurd mistakes. → Read More
Vaccines Have To Be More Than Effective; They Must Be Affordable
A vaccine with 90%+ efficacy doesn't mean things will be better, and money is a big reason why. → Read More
When It Comes To Markets, Nobody Knows What Is Happening
All those daily explanations of market movements? The explainers cross their fingers, hoping they're right. → Read More
Uber And Lyft Want To Operate Above The Control Of California Lawmakers
Uber, Lyft, and other gig-economy companies are pushing for exemptions to California's AB5 labor law that would effectively be impervious to future change. → Read More
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