By Diane Swonk, chief economist, Grant Thornton The U.S. economy grew at a 4% pace in the fourth quarter of 2020 after surging 33.4% during the third quarter. That marks two consecutive quarters of gains, which many use as a rough rule of thumb to declare the economy in a recovery instead of a recession….
By Patrick Henry, Frank Fumai, Tania Lynn Taylor and Jagat Patel, Deloitte Often behind the scenes, private equity firms stepped up to support their portfolio companies during COVID-19 in myriad ways. Learn how PE firms will likely continue to play a pivotal role in the economic recovery. Key takeaways Formidable growth is anticipated in private…
By Brian Nichols, director, Baker Tilly The great migration While the idea of cloud-hosted infrastructure may seem new, organizations have been outsourcing management of their infrastructure for decades. Organizations that no longer wanted to manage the physical aspects of their computing and network infrastructure moved to outsourced datacenters that co-located their infrastructure with other customers…
By Diane Swonk, chief economist, Grant Thornton What we hoped would be a sprint has turned into a marathon. We are in the hardest mile when fatigue sets in, causing our minds and bodies to hit a wall.Marathoners train for this inevitability, but most of us were caught unprepared. Employment lost ground in December for…
By Brian Nichols, Baker Tilly Evolution of cybersecurity Investments in cybersecurity have increased rapidly over the last ten years. Originally, cybersecurity was viewed as a technology issue, and investments were made into building technology solutions for cybersecurity concerns. The solutions range from basic anti-virus protection to sophisticated malware detonation technologies. However, one thing has remained…
By Diane Swonk, chief economist, Grant Thornton We are still down 9.8 million jobs since the peak in February, one million more jobs than we lost during the 2008-09 recession. Employment added only 245,000 jobs in November, less than half the pace of October and the weakest pace since April. Public health conditions will no…
By Paul Dillon, Michelle Hobbs, Mike Schiavo and Michael Wronsky The Department of Treasury and the IRS released Revenue Ruling 2020-27, providing that taxpayers who received Paycheck Protection Program (PPP) loans cannot deduct expenses funded by the debt if forgiveness is reasonably expected. In other words, if the taxpayer has otherwise met the requisite conditions for…
By Diane Swonk, chief economist, Grant Thornton COVID does not care who won the election or who will control the Senate, but it will be the single largest determinant of where the economy goes next. COVID cases, positivity rates and hospitalizations are all surging again, a fact lost in the turmoil surrounding the election. The…
By Rick Roche, CAIA, Little Harbor Advisors, LLC Part 2 of a two-part series on The Alternative Imperative in the COVID Era. In Part 2, the author tackles notorious technology laggards. This piece transitions to alternative data pioneers (Alt-Venturers) and the 4-1-1 on Alt-Data: Hype or Hope? The author dispels the false dichotomy of the “Unattainable Triangle” for…
By Rick Roche, CAIA, Managing Director of Little Harbor Advisors, LLC Part 1 of a two-part series on Alternative Investment Data (Alt-Data) in the COVID Era. In Part 1, the author makes the case for high-frequency, short-interval Alt-Data while discussing three primary drawbacks of interpreting official economic statistics amid a global pandemic. The profound toll…
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