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Global Economic Intersection

America’s Scariest Charts – Updated 24October 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...

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COVID19 Update: Nordics

posted on 26 October 2020 by Constantin Gurdgiev, TrueEconomics.Blogspot.in My last update on Nordics vs Sweden comparatives was a month ago, although I did post some more recent data trends on Twitter since then. Here are the latest numbers. Please share this article - Go to very top of page, right hand side, for social media buttons. New deaths counts are relatively benign, both in Sweden and (at a higher rate) in the rest of the Nordics. However, new daily counts in thee...

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The Green Shoots Of 2020

posted on 25 October 2020 by John Mauldin, Thoughts from the Frontline Appearing on 60 Minutes in 2009, Fed Chair Ben Bernanke said the recession’s end was in sight because the Fed’s asset purchases were generating “green shoots". They turned out to be slow-growing shoots. The US unemployment rate kept getting worse for seven more months (peaking in October), and needed five more years to get where it was when that recession began.Please share this article - Go to very top of page,...

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Worldwide COVID-19 Cases And Deaths 23 October 2020

posted on 23 October 2020 by Constantin Gurdgiev, TrueEconomics.Blogspot.in The global pandemic is accelerating, not abating. New cases numbers have set all-time records in the last two days, and daily counts ranked in top 10 in the last 10 days on eight occasions, with the balance two occasions coming in ranked 13th and 15th, respectively. Despite the rising public complacency and fatigue to the pandemic numbers, globally, we are yet to attain the first peak of the pandemic,...

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Will Vote-By-Mail Affect The Election Outcome?

posted on 23 October 2020 by Timothy Taylor, Conversable Economist For the 2020 election, the United States will rely more heavily on vote-by-mail than ever before. Is it likely to affect the outcome? Andrew Hall discusses some of the evidence in "How does vote-by-mail change American elections?" (Policy Brief, October 2020, Stanford Institute for Economic Policy Research).Please share this article - Go to very top of page, right hand side, for social media buttons.There are several...

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On The Misuse Of Data And Confirmation Bias

posted on 22 October 2020 by Philip Pilkington Article of the Week from Fixing the Economists When I was doing my undergraduate in journalism I became interested in economic reporting and commentary. One of the things that struck me was the inability of respected opinion-makers to handle data; a disease that Dean Baker documented on his Beat the Press blog. Much to my surprise when I began to study economics I found that the situation was not much better among academics and working...

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Caught In A Debt Trap

posted on 18 October 2020 by John Mauldin, Thoughts from the Frontline We're caught in a trapI can't walk outBecause I love you too much babyPlease share this article - Go to very top of page, right hand side, for social media buttons.Elvis Presley’s rendition of Suspicious Minds topped the record charts in 1969. The lyrics portray a romance that couldn’t work, but was also impossible to escape. That’s also a good way to describe our relationship with government debt. We know it can’t...

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COVID-19 Update: U.S. Vs EU27

posted on 17 October 2020 by Constantin Gurdgiev, TrueEconomics.Blogspot.in Things are getting once again very serious in Europe, of course, which makes this update a bit of change on prior reports, the two most recent here and here.Please share this article - Go to very top of page, right hand side, for social media buttons.So, let's start with cases and daily deaths:The EU27 are now experiencing a full-blown second wave of infections. As the result, over October 1-16, EU27 new...

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Why Kant’s And Mises’ Studies Of Man Were Based On A Logical Contradiction

posted on 15 October 2020 by Philip Pilkington While I do not really want to deal with the Austrians on this blog - let alone Mises who, together with Rothbard, was the most muddled and mediocre of the school - nevertheless I think it might be worthwhile making a general point about Mises’ book Human Action. As discussed previously on this blog Mises’ goal was essentially to form an a priori basis with which to delineate all of human behavior.Please share this article - Go to very...

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Timeline To The New Normal

posted on 11 October 2020 by John Mauldin, Thoughts from the Frontline Like everyone else, I am weary of this pandemic mess. I want to travel freely, enjoy dinner with friends, hug, and shake hands.Please share this article - Go to very top of page, right hand side, for social media buttons.And, of course, I want everyone who lost jobs and businesses to get them back. I wasn’t thrilled with the economy a year ago, but I’d take it again in a heartbeat.Alas, that’s not going to happen....

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