China’s Caixin Composite PMI came down a little bit in the month of September 2020. According to the latest update, the country’s manufacturing sector index declined by a small amount while services accelerated only modestly. Combined, the manufacturing side worked out to contribute more to the composite than services, so the score for last month […]
We are woefully unprepared for a long run of bad luck.
UK monthly GDP continues to recover after having experienced the biggest dip on record in April when the measure was down 19.5 percent compared with March. Between July and August, GDP in the UK rose for the fourth consecutive month but the pace has sl…
According to website CoinMarketCap, all bitcoins in the world were worth around 202 billion U.S. dollars as of October 9, 2020 – more than five times as much as those of the next biggest crypto currency, Ethereum. But Bitcoin used to be worth even more…
The EU and Schengen area countries reopening to travelers from outside their borders amid the ongoing COVID-19 pandemic on July 1. Out of 14 countries initially named, ten remain on the list of places from which residents can enter the EU again, with C…
During the vice presidential debate on Wednesday, Republican incumbent Mike Pence claimed that there are no more hurricanes today than there were 100 years ago. Is this true? Only partly, as our graphic shows: While the number of hurricanes varies from…
Two German cities, Munich and Frankfurt, were found to have the highest risk of a housing bubble developing in a recent survey released by investment bank UBS. Other cities at risk were Toronto, Hong Kong, Paris, Amsterdam and Zurich.In Munich and Fran…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The Department of Labor attached a technical note to its weekly report on unemployment claims. The state of California has announced that it is suspending the processing of initial claims filed by (former) workers in that state. Government officials have decided to pause their efforts for two weeks so as to try and sort out […]
The jobs recovery in the U.S. appears to be slowing down, according to new data from the Bureau of Labor Statistics. Industries hit hard are finding it difficult to claw back to normalcy, even as reopening measures persist across the country. Many in t…