The United States, unlike many countries, releases its GDP figures as annual rates. That makes no sense now, when there are clearly forces at work that will not continue for […]
It is tempting to look at the continued recovery of the labor market in July and be encouraged – even if there are indications that August may see a reversal. […]
One number stands out in today’s estimate of second quarter GDP, and it isn’t the overall real GDP decline of 32.9%, on an annualized basis, even though the headlines will […]
The 538 webpage, part of ABC news and originally set up by Nate Silver, has just done a survey of academic macroeconomic forecasters about the coronavirus recession. Allan Timmermann at […]
Just how bad is the economic outlook? These days the answer seems to depend on the politics of the person being asked.
The Bloomberg Consumer Comfort Index is released weekly, […]
There are 50 states, but only 13 where the 2016 presidential election was decided by a margin of less than eight percentage points. Six of them went for Hillary Clinton […]
Get ready for another crazy month on Wall Street. Months like March tend to come in pairs, at least as far as volatility goes.
Daily moves of 4% or more […]
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 […]
The United States has become the world’s largest oil producer. That honor is likely to vanish, and with it a lot of companies.
If so – and it is almost […]
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 […]