Incoming economic data may be ‘garbage’: Morning Brief

Incoming economic data may be ‘garbage’: Morning Brief

Friday, April 3, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Coronavirus calls into question data quality Slowly but surely, we’re getting economic data reflecting the disruption caused by the coronavirus pandemic, which has forced business and consumers to be on lockdown. While reports like […]
Ignore these horrific-sounding economic numbers

Ignore these horrific-sounding economic numbers

The terror began with Goldman Sachs predicting a 24% decline in second quarter GDP—on an annualized basis. Then Morgan Stanley raised it to a 30% decline. Now Capital Economics is forecasting a 40% decline in second quarter GDP, annualized. This sounds horrific....
Former White House Director of Economic Policy

Former White House Director of Economic Policy

The coronavirus pandemic continues to spread rapidly, and economies around the world are feeling the pain. U.S. stocks have been reeling and early economic data point to a recession for the U.S. economy. The U.S. government needs to act swiftly and decisively,...