Average duration of unemployment has fallen in the early days of the pandemic, as new unemployment cases rose dramatically, compared to prior existent claims. Since then, however, average duration has been creeping up.
Claims have come down but are spectacularly high historically. Chart.
Down from the peak, but higher on the week. Charts.
We have known for a couple of months that there would be a mountain of Treasury supply hitting the market at the end of September. We also knew that Fed QE would be far from adequate to absorb this supply. So I have expected something bearish for stocks at the end of September. This could spill over into the first week of October.
But then things get hairy for bears, with potentially happy days for bulls. Unfortunately, we have a little problem this week. There’s no visibility. We don’t know what they have planned for the next couple weeks. That’s different from usual, where we can usually see ahead for a week or two because we know the Fed’s QE schedule, and also pretty much know how much Treasury supply to expect.
Now, thanks to the exigencies of the past pandemiconomic US Treasury fund raising back in March and April, we don’t have that luxury on Treasury supply, which forces us to surmise some things.
Here they are.
The numbers are just monstrous. The Fed’s own data illuminate the historic Monetary Disorder that today runs wild. Finance has completely run amuck and it will lead to devastating instability.
Sweden is now experiencing the second wave of the pandemic, and Sweden’s historical troughs of new cases have remained always higher than the troughs reached by the other Nordic states.
Just as time is a one-way arrow, “the politicization of everything” is a one-way road to dissolution and collapse.
Hence, excess mortality in the U.S. compared to the EU27 stands at around 95-100,000 people. All killed, to a large extent, by the inadequate public health system and policy responses in the U.S.
Data from NASA shows the Earth gradually heating up since the late 19th century. Since the year 2000, this trend seems to have accelerated as shown in the visualization of the data released. August 2020 was about 2.14° C hotter than the average month r…
According to the latest unemployment data released by the Department of Labor on Thursday, the number of Americans newly applying for unemployment benefits through state programs remained just below 900,000 for the fourth week in a row in the week ende…