Econ70

The Friday File: 8% of American who were recently surveyed considered “binge-watching” to consist of watching two straight episodes of a show. 27% thought three back-to-back episodes qualified as binge-watching, and 22% thought four episodes is what is needed. 13%…

For the past several years, weekly job losses averaged about 225,000/week. Last week they jumped to 282,000, and the all-time high was 695,000 set during the week ending 10/2/82. During the Great Recession, first time unemployment claims peaked at 665,000…

On first review, it looks like the $2 trillion Coronavirus aid package is good. Assorted aid to adversely affected individuals and families, loans to businesses both big and small, incentives for firms to hold on to their employees, as well…

While many industries and business need a rescue package, so do airlines and their employees. In the case of airlines, there must be a quid pro quo. While some want to prevent share buybacks, why not ban baggage and change…

This morning, the Fed essentially said it would do “whatever it takes” to keep credit markets functioning after doing the same for funding markets last week. The Fed is committed to unlimited quantitative easing (which will help housing), the purchase…

The Friday File: The average American flushes 57 sheets of toilet paper/day, almost 21,000 sheets/year; slightly over 100 rolls/annum. That works out to 384 trees over a lifetime! US spending on toilet paper rolls up to $9 billion/year; $27.70/person. For…

For the week ending 3/16/20, hotel occupancy rates fell 24.4% Y-o-Y. In PA, NJ and DE, February manufacturing activity plummeted to its lowest level since 7/12; in NY, manufacturing declined more. For the week ending 3/14, job losses jumped 70,000…

While our debt is painfully high at slightly over 100% of GDP, now isn’t the time to start worrying about it! Give the healthcare sector whatever it needs, giving everyone $1,000 is a decent idea given the immense time crunch…

With the economic toll of Covid-19 rising sharply, the government must offer a large stimulus package to prevent a precipitous decline in aggregate demand. We must stop firms from layoffs which will deepen the falloff. A new program of 2%…

This past weekend, not only did the Fed cut rates by one full percentage point, but it also began flooding financial markets in general, and Treasury and mortgage-backed securities markets in particular, with cash so they function smoothly. They’re also…