November has been thee worst month so far in this entire pandemic in terms of daily cases increases for both the EU27 and the U.S.
Massive stimulus deployed in Q2 2020 has lifted substantially aggregate household incomes. Meanwhile, lower interest rates have boosted debt affordability, while new demand for credit collapsed. All of which means that, at least through 2Q 2020, U.S. h…
Here is an updated forecast for full year 2020 distribution of wealth 9based on FRED data though 2Q 2020 and stock markets data through November 16):Hint: no, Donald Trump will not finish his tenure in the White House as the worst President for the ‘bo…
Retail sales suffered a sharp shock from the demand contraction following the first phase of COVID19 pandemic. As of the end of September, based on the preliminary estimates from the U.S. Census Bureau, total volume of retail sales in the U.S. has full…
BRIC Manufacturing indicator is now outperforming Global Manufacturing PMI in 8th consecutive quarters, and BRIC Services indicators is running above Global Services PMI for the first time after posting poorer performance in 3Q 2020.
U.S. is now in a full-blown third wave of the pandemic both in terms of daily case counts and deaths, and the EU27 is in a full-blown second wave:Summary statistics:Histograms for both:
Remember them? One of Europe’s largest banks? Check. The oldest bank in the world with continued trading since 1472? Check. The first bank in history to require a sovereign rescue? Check. In 1624, the Medici Grand Duke of Tuscany rushed to gu…
Can the U.S. actually sustain any semblance of or pretence at having a functioning healthcare system?
Two types of technological frontier shifts
Sales of the U.S. Mint gold coins have moderated off their pandemic highs, but remain elevated by historical standards