by Joseph Joyce The Challenges to the Dollar The dollar’s position as the premier global currency has long seemed secure. The dollar accounts for about 60% of the foreign exchange reserves of central banks and similar proportions of international debt and loans. But recent developments raise the possibility of a transition to a stratified world economy in […]
Is The Possible V-Shaped Recovery Flattening As The Second Quarter Comes To An End? Probably, although it is unclear whether or not we are having a V-shaped recovery (see most recent post here). However, whatever it is, it looks like the revived spread of the coronavirus is probably slowing it somewhat. New cases are up […]
George Floyd and the Costs of Racial Capitalism, LAWCHA, Ken Estey, June 10, 2020 Some History A little bit about LAWCHA. The “Labor and Working Class History Association” is an organization of scholars, teachers, students, labor educators, and activists who seek to promote public and scholarly awareness of labor and working-class history through research, writing, and […]
The 2020 Presidential election as forecast by State polling As we all know, in the US Presidential election national polls are of limited use, as the election is actually decided on a State by State basis. I’ve seen lots of projections of the Electoral College vote based on national polls, but what if we go […]
by David Zetland (One handed economist) Interesting stuff “Biohacking life” — a physics geek gets into our metabolism Governments are printing money to “get out of the crisis”, but they are probably sowing the seeds of the next crisis (of inflation? fiscal collapse?) An incredibly interesting dive into Japanese cosmology The American Press Is Destroying Itself (under […]
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 […]
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 […]
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 […]
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 […]