New and continued jobless claims level off, as spreading secondary impacts and job recalls balance Weekly initial and continuing jobless claims give us the most up-to-date snapshot of the continuing economic impacts of the coronavirus on employment. Three full months after the initial shock, the overall damage remains huge, with recalls to work roughly balanced […]
Do BLM Protests Prove No More Pandemic? It has become a widespread meme that the many protests over the murder of George Floyd and other racially based police brutality will show that it is fine to end all shutdowns related to the pandemic and end all rules about social distancing and wearing face masks. Here […]
Angry Bear “Again” On List Of Top Economics Blogs For 2020 Intelligent Economist has again put out its annual list of the top 100 economics blogs, with some new ones and some gone, although two of those were due to retirements, especially the Economists View of Mark Thoma. Closely connected Econospeak , Bondadd blog , and Capital Ebbs and Flows also were […]
Writing for the Majority (5-4): Chief Justice John G. Roberts Jr. said the explanation offered by the Trump administration for adding the question “appears to have been contrived.” Justice John Roberts did leave open the possibility of change if the Administration could provide an adequate answer. Executive branch officials must “offer genuine justifications for important decisions, […]
Coronavirus dashboard for June 17: the second wave of the tsunami comes ashore As of yesterday, there were 2,137,731 total documented coronavirus infections in the US. Total known deaths were 116,963. As I have stated several times in the past month, I believe that coronavirus infections and deaths will wax and wane around the April-May […]
Might There Be A V-Shaped Economic Recovery After All? Maybe. This is a matter where if it happens, I shall be proven wrong. I have mostly emphasized how much uncertainty and lack of knowledge we face about the pandemic as well as the economy in this situation, and have as a result largely stayed away […]
The Coronavirus Recession may already (technically) have ended: sales and production both increased in May – by New Deal democrat Sales and production are two of the four things that economists look for in gauging whether the economy is in expansion or recession, and this morning both of them – retail sales and industrial production […]
This article by Ezra Klein is excellent. I can’t do it justice in a blog post, but here is a bit: This is the often neglected heart of nonviolence: It is a strategic confrontation with other human beings. It takes as self-evident that we must continue to live in fellowship with one another. As such, […]
After the recent market rebound the S&P 500 valuation has risen from below my estimated fair value to just over the top of the fair value band. It is important to remember that much of the rebound in the S&P PE is due to weaker earnings. In the second quarter earnings are falling at double […]