How bad is a -4.8% GDP growth rate?
The US Bureau of Commerce released its GDP figures yesterday. The economy contracted by 4.8% seasonally adjusted, annualized rate. This...
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Nicholas Woolley
Economist
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Apr 24, 20207 min
Democracy and data following Covid-19
The quick spread of Covid-19 and subsequent confinement regulations have meant that economic activity has shifted at historically quick...
Apr 3, 20206 min
Two scenarios for the post-coronavirus economy
My last post was a bit long and technical, so I will condense the information by describing two scenarios which I believe to be the...
Apr 1, 202012 min
How exactly could a recession unfold?
Moving forward—propagation mechanisms: I recently posted on the current economic impact of the coronavirus, arguing that it was still too...
Mar 27, 20202 min
No, unemployment didn't go up by 3.3 million last week
Yesterday, the Department of Labor released their weekly unemployment claims figures. This is the number of people filing for...
Mar 24, 20203 min
Taking stock of the current economic situation
We are still in the relatively early stages of the COVID-19 outbreak in the United States and Europe. From an economic standpoint, the...
Mar 19, 20205 min
Dr. Toiletpaper (or how I learned to love inflation)
The current supply shortage of toilet paper, hand sanitizer, and select grocery items is analogous to a bank run, or a liquidity crisis,...
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