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Constantin Gurdgiev



Articles by Constantin Gurdgiev

Velocity Of Money And The Glaciers Of Complacency

16 days ago

Posted on 17 November 2020
Written by Constantin Gurdgiev, TrueEconomics.Blogspot.in

Despite massive money printing by the Fed in the years post-GFC and again since the start of the COVID19 pandemic, velocity of money in the U.S. is actually shrinking, and sharply so during the pandemic.Please share this article – Go to very top of page, right hand side, for social media buttons. Considering the data through 3Q 2020, there is little improvement across the board: You can barely notice 3Q 2020 uptick from the pandemic lows in all three measures, the M1, M2 and MZM. And here are differentials:Precautionary savings motives (blue line) remain extremely elevated, while investors’ willingness to trade assets (in a bull market, a sign of more active management of portfolios) stays

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America’s Scariest Charts – Updated 24October 2020

October 27, 2020

Posted on 27 October 2020
Written by Constantin Gurdgiev, TrueEconomics.Blogspot.in

The economic crisis accompanying the COVID-19 pandemic has nothing more serious than the massive impact on US employment. I have created a collection of graphics covering this which I call "America’s Scariest Charts". Here is a summary from multiple posts at True Economics.Please share this article – Go to very top of page, right hand side, for social media buttons.Let’s take a look at the weekly (higher frequency) data unemployment claims. First, initial unemployment claims, with data coverage through the week of October 17th:The chart above shows 1-month cumulative initial unemployment claims, smoothing some of weekly volatility in the series.Current reading stands at 3,194,750 which is above the

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America’s Scariest Charts – Updated 27 September 2020

September 27, 2020

Posted on 27 September 2020
Written by Constantin Gurdgiev, TrueEconomics.Blogspot.in

The economic crisis accompanying the COVID-19 pandemic has nothing more serious than the massive impact on US employment. I have created a collection of graphics covering this which I call "America’s Scariest Charts".Please share this article – Go to very top of page, right hand side, for social media buttons.Continued Unemployment ClaimsThe latest data is covering the period through September 12, 2020.On a non-seasonally-adjusted basis, there were 13,355,586 Americans with continued unemployment claims in the week of September 12, 2020, an increase of 212,869 on the week prior, but 9,438,559 down on the COVID19 peak reached in the week of May 9, 2020. At the lowest point in pre-COVID expansion

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