Debt structures degenerate over time, as the boom is perpetuated by expanding quantities of debt of deteriorating quality. Archegos is emblematic of an out of control mania and a complete breakdown of responsible lending and regulatory oversight.
Despite some positive headline numbers on some labor market metrics, jobs creation in the U.S. is not progressing well-enough to claim any end in sight for the Covid19-induced recession
Based on the average duration of unemployment, we are now (in the Covid19 pandemic recession) tracking the worst recession on record
The latest reading would rank 58th worst in the history of the weekly series
The increase still leaves the payrolls 9,777,000 short of the pre-Covid19 highs
Demand for skills is rising, including in manufacturing, while services jobs (and lower-skilled B2C services jobs in particular) are still hard to find.
U.S. current reading is in line with March 2011.
Sweden is the worst performer, by a large margin than any other Nordic or Northern European country
US vs EU27 comparatives in the pandemic dynamics through the week 12 of 2021 are showing continued, albeit declining improvement in the relative position of the US. That said, much of the improvement is down to lags in new waves development, with the E…
Both Europe and the EU27 are now in a new wave, Wave 3, of the pandemic, just as the rest of the world (https://trueeconomics.blogspot.com/2021/04/1421-covid19-worldwide-data.html). There is no denying that fact: