Initial Unemployment Claims

August 6, 2020 .Initial unemployment claims for the week of August 1 declined 249 thousand  to 1,186.  Claims have fallen steadily since reaching a peak of 6,867 thousand in the week ending April 25. The spreading corona virus does not seem like it has slowed the rate...

Forget the Stimulus

July 24, 2020 Our policy makers in Washington are talking about another stimulus bill of $1.0-3.0 trillion.  But the economy does not need the help.   Every economic indicator has rebounded vigorously.  Third quarter GDP growth should be roughly the same magnitude as...