Jobless Claims Remain at 1.5M, Tight Supply, Strong Purchase Applications
Which economies have fared well during Covid and do they have anything in common? Japan & Germany’s work sharing programs have performed well – instead of cutting 20% of your workforce cut everyone’s hours by 20% and the government provides assistance as well. Ultimately countries with the best healthcare and aggressive early public health responses […]
Cheap Fuel, Rate Volatility, 20 Year Low Delinquency levels.
Gasoline – people staying home & the price war between Saudi Arabia and Russia has lowered the demand for fuel (I didn’t even wait in line at Costco this week!). Prices have dropped to a national average of $2.30. At one pump in Virginia prices are $1.81 per gallon. Savings are a moot point if […]
Corona Data, Treasury Decline, Fed Emergency Cut
Coronavirus – the larger 40 page report can be found here. There is plenty of memes and noise circulating about the virus, here is a report from the World Health Organization. In this study of over 44,000 infected individuals 3.4% died. Certain factors heightened chance of fatality including: gender (males 4.7% vs 2.8% female), age […]
Intellectual Wealth, 10Y UST Historic Low, Appreciation
Wealth – currently California’s economy is larger than the entire global economy of 1870. CA makes up 0.3% of the world’s land surface and 0.5% of the population. 27% of global capital is physical things (items you can touch) 9% is land, and 64% of wealth is ideas. The US economy continues to make up […]
Corona vs SARS, Strong Jobs Report, Home Appreciation
Coronavirus death toll is approaching the near 800 killed by SARS in 2002 & 2003. The estimated global economic impacted of SARS was $40B. 17 years Later Chinese economic output has gone up from $1.7T to $14T (8x) and its share of global trade is at 12.8% compared to 5.3% in 2003. “China today accounts […]