The data shows that the US economy has been weakening sharply since the beginning of June. That follows May’s dead cat bounce, which Dear Leader Trump and Wall Street had all touted as recovery. Uh… no.
Here’s why.
McKinsey’s handy graphic summarizing expected and actual outcomes of the racial inequality in terms of access to learning and education during the lockdowns phase of the pandemic:Pretty self-explanatory.
Sweden is a now a verifiable basket case amongst the Nordic countries when it comes to the country management of the COVID19 pandemic:The two charts above show that Sweden performance in both daily cases and deaths has been truly shockingly poor, compa…
Currently, compared to the pre-lockdown dynamics, daily cases and deaths in the U.S. warrant continued, if not accelerated severity of lockdowns, as opposed to relaxation of restrictions:In Europe, in contrast, new cases are relatively benign and curre…
Relaxation of the Covid19 pandemic restrictions is gaining momentum worldwide, with clusters of renewed concerns over the ‘second peak’ or ‘second wave’ dynamics. The problem is that global pandemic numbers remain extremely worrying:Total new cases are…
This data tells us exactly what the big picture is right now, while Wall Street economists are still scratching their asses and trying to figure out what the government statistician manipulated data will be and will mean. And the first report from that government data is still 13 days away.
“The Fed is trapped.” It’s trapped by Bubble Dynamics – a historic Bubble that either inflates or collapses. What the Fed labels as “markets functioning” is at this point a “functioning” speculative Bubble. And feeding this dynamic exacerbates inequality, social instability and financial and economic fragility.
New York | Jay Powell made his first major misstep as Federal Reserve Board Chairman by allowing the central bank to start buying corporate debt.…
How influential is the U.S. mainstream media in defining public attitudes toward pandemic risk, decision-making under severe uncertainty and risks to their own health? It turns out – hugely influential.A new paper from a group of U.S. economists, title…
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