The Coronavirus Recession has begun This morning we got two reports that confirm the beginning of the Coronavirus Recession: initial jobless claims and the Philadelphia Fed manufacturing index. Initial claims rose to 281,000 one week ago. They are now 15% higher than their low last April, as well as almost 15% higher preliminarily on a […]
It is a start, maybe. Remdesivir is being touted as a potentially more effective drug. The Chinese had reported there were several pharmaceuticals which appeared to work also and in particular drugs for malaria, Chloroquine and HydoxyChloroquine. I had mentioned this earlier in the week (or even earlier) in a post and then again in […]
The closing remarks of Moscow Mitch McConnell statement before the vote to spare Donald John Trump his presidency. He was talking about “factional fever” that the “framers” referred to as a concern for majorities acting in a partisan manor. And yet, here we are.
Given the Coronavirus crisis, there will be bailouts. Should there be bailouts ? If so how should firms be bailed out ? I think it is useful to look at the last round of bailouts from 2008-9 for lessons learned. First with the benefit of hindsight, does it seem that bailing out firms was a […]
We do not know how severe the covid-19 epidemic will be or how much economic and social pain it will cause, but it clearly has the potential to kill hundreds of thousands or even millions of Americans, and the economic consequences could include a deep recession and even a financial crisis that will cause misery […]
The Coming Fiscal Crisis Of State And Local Governments Yesterday my wife Marina and I met with our personal attorney, a close friend also, to fix some loose ends in our wills due to some recent family deaths, as well the current situation. He also happens to sit on the Harrisonburg City Council, as well […]
This is, in fact, another post on Coronavirus, but it will take me a while to get to the point. To put the conclusion here, I think that it is important to get the FDA out of the way (by executive order if necessary). The Food and Drug Act, as currently interpreted, requires the assumption […]
by Dale Coberly; CORONA VIRUS AND SOCIAL SECURITY, ANOTHER GRAND BARGAIN? Republicans are showing what they are made of. After claiming that the Corona Virus was not serious, or was well contained, or was Democrat fake news; they are now admitting it is serious and calling it a Chinese virus. Fox News explained to a reporter […]
In the quaint, pre-coronavirus world of February, the economy was already very weak I have a post up at Seeking Alpha, taking a look at this morning’s retail sales and industrial production reports for February, and briefly considering their implications for employment in the coming months, even before the impact of coronavirus. Here’s a graph that […]
This is a copy and paste of Dahlia and Mark’s excellent critique of what is happening at SCOTUS and the Federal Court System under Justice Chief Justice John Roberts’ tutelage, McConnell loading the courts with patronage, and Trump’s whatever. I have seen some condemn the verbiage of Senator Schumer calling out Justices Kavanaugh and Gorsuch […]