March housing, latest weekly jobless claims slightly less apocalyptic than expected If I were President, the one industry in the economy that I would be actively trying to prop up is housing. As I have repeated constantly over the past 10+ years, housing is a long leading indicator. The permit that is issued today means […]
Coronavirus dashboard for April 16: if new infections have passed peak, what pace of decline can we expect? Here is the update through yesterday (April 15). Significant new items are in italics In the US, the only significant development yesterday was that deaths rose to yet another new daily high, while infections continued to be below […]
A thought for Sunday: a brief history of Republics anticipates Trump I just finished reading William R. Everdell’s “The End of KIngs: A History of Republics and Republicans,” which was originally published in 1983. It was interesting to read a book that treated Watergate as recent history! I want to write at more length about […]
Consumer prices sharply decline in March: keep your eye on wages This morning we got some monthly economic data that will be actually valuable to watch throughout this Coronavirus Recession: consumer prices. That’s because during recessions, consumer price growth decelerates, as does wage growth, which continues to decelerate well after the recession bottoms out. […]
Abbreviated Coronavirus dashboard for April 12: fundamentally, still flying blind Here is the update through yesterday (April 11) This is an abbreviated version, covering just the essentials. Number and rate of increase of Reported Infections (from Johns Hopkins via arcgis.com) Number: up +28,391 to 530,006 (vs. 35,219 prior peak on April 10) Figure 1 ***Rate of […]
Coronavirus dashboard for April 11: new high in daily infections as testing falls further behind Here is the update through yesterday (April 10) I’ve changed the format, moving the “just the facts, ma’am” data to the top, and comments to the end. Significant new developments are indicated in italics. The four most important metrics are starred […]
The superiority of stay at home orders vs. voluntary social distancing: two graphic proofs Here are a couple of graphs I pulled last week that I’ve been meaning to post. Together they show that mandatory “stay at home” orders have been much more effective than voluntary social distancing. First, here is a graph of the […]
Coronavirus dashboard for April 9: Are new cases peaking? Or is a lack of testing failing to pick up continued spread Here is the update through yesterday (April 8) (NOTE: significant new developments in italics) I’ve changed the format, moving the “just the facts, ma’am” data to the top, and comments to the end. The four […]
Coronavirus dashboard for April 8: peak new infections *may* have occurred on April 4 – by New Deal democrat Here is the update through yesterday (April 7) I’ve changed the format, moving the “just the facts, ma’am” data to the top, and comments to the end. The four most important metrics are starred (***) below. Number […]
Coronavirus dashboard for April 5: mandatory lockdowns start to work by New Deal democrat Here is the update through yesterday (April 4) I’ve changed the format, moving the “just the facts, ma’am” data to the top, and comments to the end. The four most important metrics are starred (***) below. Number and rate of increase […]