Extended Stimulus, Unemployment Claims, New Homes Selling
Brief conversation with Gary Cohn, former executive of Goldman Sachs and former advisor to President Trump. When asked what he would advise on the economy: ‘We need an all-hands-on-deck virus stop methodology. That would be the most important thing we could do right now because instead of going through this cycle of stopping and starting…Once […]
Fed Meeting, Jobless Claims, Remarkable 10-Year Change in Home Equity
Rates – moved back down to historic lows near after Fed meeting on Wednesday that rocked equity markets. Jobs – the number of people filing for unemployment for the first time continues to decline but remains at an alarming 7X pre-covid numbers and over 2X previous recession highs (600K). Fed – the Fed met on […]
Rethinking Economic Principles, Rates Flat, Appreciation
Going below the ‘natural rate’ of unemployment could spark an inflationary escalator. even Fed Chair Powell has commented on how the relationship between unemployment & inflation has been zero. Globalization is good for everyone – except our blue collar workers. Large budget deficits cause the government and private sector to compete over selling bonds driving […]