The economic consequences of the Covid pandemic have been extensive and are still playing out in the ongoing Federal Reserve monetary policy which is dealing with the inflation induced by the fiscal policies enacted by Washington to counter the pandemic. The economic consequences of the lockdown policies, the supply chain disruptions and the contact restrictions.…
OLDHAM, UNITED KINGDOM – NOVEMBER 24: A man wearing a protective face mask walks past an … [+] illustration of a virus outside Oldham Regional Science Centre on November 24, 2020 in Oldham, United Kingdom. England is continuing its second national coronavirus lockdown. People are still permitted to exercise with one other person, takeaway food…
The current economic, inflation, and interest rate cycle has been extremely unusual, driven by the worst global pandemic in over 100 years. Governments around the world reacted in a variety of ways. In the US, one of the governmental responses was to create negative real interest rates as well as issue record amounts of stimulus…
ROISSY-EN-FRANCE, FRANCE – AUGUST.14, 2023: Delta Air Lines aircraft at Paris Charles de Gaulle … [+] Airport, on August 14, 2023, in Roissy-en-France, France. (Photo by Artur Widak/NurPhoto via Getty Images) NurPhoto via Getty Images We believe Delta stock (NYSE: DAL) and its peer United Airlines stock (NASDAQ NDAQ : UAL) will likely offer similar…
The Medicare scammers are at it again. They steal Medicare numbers, and send tests to beneficiaries’ homes. They then bill the recipient for things the recipient never ordered. For those with aging parents, this scheme can work well, as some won’t remember if they ordered a test after Medicare stopped paying for these on May…
China News Service via Getty Images TL;DR Both the CPI and PPI inflation figures have come in this week, with CPI coming in slightly below expectations and PPI coming in slightly above It means we may not have seen the end of rate rises, which could still push the economy into a recession Problems in…
“My, you’ve grown!” getty Higher inflation is not going away, and the Federal Reserve is constrained from taking the actions necessary to cure it. The problem for everyone is that the Federal Reserve statements and the media reports are both superficial and misleading. Therefore, we need to do self-help studies to prevent being caught in…
Dollars in hand, small salary. Winning the lottery. getty Do you also believe that a recession is on the way? Note that we’re not saying when. Maybe later 2023. Or 2024. For sure 2025. We are good economists. Casting out predictions without set timelines! At some point, of course, all of the rate hikes add…
ZHUHAI, CHINA – MAY 26, 2023 – A XPENG X2 Model at the exhibition hall of Zhuhai Space Center in … [+] Zhuhai city, South China’s Guangdong province, May 26, 2023. The exhibition hall of the Space Center includes the latest achievements of national aerospace, aviation, national defense and other fields. (Photo credit should read…
With the end of Covid restrictions and normalization of the economy, municipal defaults for 2023 have shown a marked decline and will likely end the year with the lowest default rate in a decade. Of course, this assumes that current Federal Reserve monetary policy does not drive interest rates substantially higher or create a recession…