Economy

Depression Data But Depression Not The Base Case

May 12, 2020 by Jonathan Custer

By Gary Evans and Jon Custer Custer Consulting Group Summary The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the worse year of the Great Depression, …

How Coronavirus Broke the Global Economy – Bloomberg

April 14, 2020 by Jonathan Custer

Bloomberg’s Stephanie Flanders speaks to U.S. economist Adam Posen and asks how governments and economists have measured up to the challenge of the coronavirus. Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_…

Federal Reserve Brings Out The Nukes

March 15, 2020 by Jonathan Custer

The Federal Reserve cut its key policy interest rate to zero joining forces with other central banks to keep the global financial system from seizing up due to fallout from the coronavirus pandemic. The Fed acted quickly after the US government bond market began to convulse late in the week with interest rates spiking after …