In December of 2019, the U.S. unemployment rate stood at 3.6% and prime age labor force participation, at 82.9%, was at an 11 year high. Today, December 2020 jobs figures […]
No sooner was the ink dry on the March 27 $2 trillion stimulus package than Washington began work on the next stimulus. This is the right thing to do. Deficit […]
Two burning questions confront all of us:
How big is our public health problem?
How sharp is our economic retrenchment?
We think that the toolkit of economic forecasters has something […]
The global COVID-19 outbreak now sports exponential growth rates for cases and deaths on every continent save Antarctica. Students of the economy must add that we are also in the […]
Crude oil prices plunged on Monday, as Saudi Arabia has announced that they will ramp up production to punish recalcitrant OPEC members, including and especially Russia. Rising supply alongside a […]
President Trump tweeted on Christmas Eve that he was “all alone (poor me).” It was a sentiment with which Fed Chairman Jerome Powell could sympathize.
As 2018 came to a […]
The outlook for growth in employment and corporate earnings over the next few years is headed down.
The problem is not what the Federal Reserve will do, or what a […]
A growing chorus of commentators are now issuing warnings about additional Fed tightening in light of the flattening Treasury yield curve. Despite clear evidence that job growth in the U.S. […]
Once a year we get a slew of news about U.S. economic performance, when the Commerce Department’s Bureau of Economic Analysis (BEA) provides both its initial estimate for recent economic […]