Do you believe its acceptable for a non-profit with over $100 million in net assets to take out a $10 million PPP loan?
Who knew 2020 would start off like this. March brought forth the start of a pandemic, which led to millions becoming unemployed, students struggling to continue their education, and many other issues that became hard to face as each day passed. Having to find jobs to help pay the rent and trying to expand one’s experience outside of school proved to be challenging. This includes running a non profit program remotely.
Global stock earnings have fallen by more than 40%; yet, the Nasdaq Composite, and S&P 500 have reached record highs since the pandemic first crumbled market security around the world. “The Market is never wrong” saying from an introductory economics course (efficient market hypothesis) will seem at odds with these two seemingly contradicting realities — a simple question to ask is why are stock market investors so confidently betting on companies reporting poor earnings?
