by Joseph Joyce The Guardians of the Financial Galaxy The rapid expansion of the pandemic and the ensuing economic and financial collapses brought about responses by policymakers, including actions undertaken on an international basis. The Federal Reserve acted together with other central banks to ensure that an adequate supply of dollars was available to support […]

by New Deal democrat Weekly Indicators for October 12 – 16 at Seeking Alpha  My Weekly Indicators post is up at Seeking Alpha. What was most noteworthy about the past week is the confirmation that consumer spending, so far, has continued to hold up even as emergency Congressional assistance has been terminated for a month and […]

This chart can be found here at EPI: Figure 1

by New Deal democrat Weekly Indicators for October 5 – 9 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Because the pandemic so quickly and completely put the economy in a coma back in April, and the economy remains at severely depressed levels by most metrics compared with a year ago, in […]

(Dan here…lifted from Robert’s Stochastic Thoughts) by Robert Waldmann Friday, October 02, 2020 Constitutional Nit Picking I object to this sentence in this article by Paul Kane in the Washington Post “In such a scenario, deciding the presidency falls to the House of Representatives, but in a rare twist mandated by the 12th Amendment after the contested […]