Over a Decade's Worth of Employment Progress Erased
Prime age employment (age 25-44) has retraced somewhat from the March low. It is now almost precisely at the level of the very LOWEST...
Deficit Soars, Receipts Decline
Spending to support the COVID wracked economy has sent the deficit to unheard of highs, while revenues suffer. We will have a long road...
Weekly Economics Index Calls It
The Lewis-Mertens-Stock Index did what it was supposed to do. It predicted the trajectory of the decline of Q2 GDP with great accuracy: ...
Continuing Claims Still Stagnant
With some parts of the country re-opening while others close, the employment picture remains dampened. We have a ways to go to see how...
Continuing Claims Remain in a Rut
Continuing UI claims show little movement this week. Remember: companies take on little risk by laying off TOO MANY people, so reversing...
Weekly Economic Index Reprised
This Weekly Economic Index has garnered fresh attention in the wake of the COVID crisis and has been added to the FRED series. The weekly...
Deficit Skyrockets
As revenues plummet and stimulus flows, out the Federal Government's Deficit numbers are almost impossible to comprehend.
Year In Review
I am pleased to report a very solid year for my clients. Of course, the market’s rebound from the depths of last year’s Christmas “flash...
2000. The Year We Lost Contact.
One thing that has been percolating in my mind for some time is the similarity in certain economic trends that I keep running into. What...
Once Again, Trade Unions Are Irrelevant
Life's a funny thing, in that when you get older, it comes to you how much you didn't know how much you knew, even when you knew it. When...
