This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy.A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unli…
By now, you’ve heard all about the $2.8 trillion budget deficit so far this year.
Old news. With more pandemic spending on hold, the monthly deficits will shrink. Good news, bad news. Here’s why.
The true picture of COVID-19’s economic impact is graually becoming clearer. Flash estimates for the Europe were released today by Eurostat and indicate that GDP in the EU sunk by 14.1 percent in the second quarter of 2020 when compared to last year. A…
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 fell below one million for the first time since the pandemic hit the U.S….
The future(s) is broken.
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.
Today’s Fed QE
The numbers are interesting.
Here’s what denormalization means: there was no “New Normal” for the dinosaurs.Everyone talks about the “New Normal,” as if there’s a guarantee that life will return to normal. But the “New Normal” is De-Normalization, which I defin…