Introduction The job market, a dynamic and often unpredictable facet of the economy, has shown remarkable resilience despite the backdrop of high-interest rates. Contrary to conventional wisdom, the historical data…
Author: underground
Second stimulus in doubt
Despite a late September market rally fueled by the hopes of additional stimulus, there is some indication this morning that talks are breaking down. Pelosi had previously called for a…
Stocks also priced in a second stimulus today
I mentioned last month that the stock market had already priced in an economic recovery that hasn’t happened yet. There’s been a little bit of a correction since then, but…
Trump promises to save us from the chaos he’s creating
In the wake of the Republican National Convention, Trump and the right wing have fixated on a new campaign theme: fear. Unable to provide any tangible solutions to the health…
Unemployment negotiations fail
Many had expected that Trump’s odd executive orders on unemployment benefits would be a signal for Republicans to give up some of their goals in order to achieve a deal…
Too early to celebrate Trump’s unemployment orders
While Congress has been deadlocked and unable to reach an agreement regarding an extension of pandemic assistance, President Trump has decided to take unilateral action with a series of executive…
Markets are pricing in a recovery that hasn’t happened
Today’s unemployment report was hailed as a victory, but the only way it looks good is in comparison to the few months preceding it. According to the Bureau of Labor…
TikTok vs. Trump
Trump’s found a new enemy, and this time he’s decided to pick on TikTok. This isn’t the usual politics story, so I spent some time browsing TikTok this morning to…
The pandemic, Trump, and Joe Biden are eroding the generation gap in U.S. politics
The reversal could spell a major electoral defeat for Trump and the start of a long term refutation of the party that embraced him Over the last few months, one…
Why Partial Measures Won’t Work
It’s been about four and a half months since coronavirus was declared a national health emergency, and unfortunately we’ve made very little progress in stopping it. It’s true that we’ve…