This Week's State Of The Economy - What Is Ahead? - 01 May 2020

Date: 04 May, 2020 | By : 

U.S. - A Tough Week for the U.S. Economy

  • U.S. GDP declined at an annualized rate of 4.8% in the first quarter, only a hint of what is to come in the second quarter.
  • Consumer spending has dried up as people have been confined to their homes—most evident in the record plunge in services consumption in March. April will be even worse.&
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How Long Can U.S. Businesses Remain Shut Down?

Date: 29 April, 2020 | By : 

The sudden stop in economic activity caused by the COVID-19 pandemic means that many businesses will need to rely on their cash reserves to survive the next few months. If businesses can forgo profits temporarily and do not need to purchase most inputs, then we estimate that the overall business sector could hold on for roughly four months. The sudden stop in economic activity that the CO

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This Week's State Of The Economy - What Is Ahead? - 24 April 2020

Date: 27 April, 2020 | By : 

U.S. - Throw Out the Textbook

  • Oil prices went negative for the first time in history on Monday as the evaporation of demand collided with a supply glut.
  • In the past five weeks, 26.5 million people have filed for unemployment insurance, or more than one out of every seven workers.
  • Congress has passed its fourth major re
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Texas Activists Say They Will Bail People Out Of Jail To Protect Them

Date: 23 April, 2020 | By : 

Local community activists said they would begin bailing defendants out of some of Texas’ largest county jails to protect them from the spread of the new coronavirus.

The Texas Organizing Project announced it would focus on bailing out people with low bonds in Harris County, Dallas County, Bexar County, and Fort Bend County.

On Tuesday Harris Count

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Houston Seeks OK To Use Pandemic Aid To Close Budget Gap

Date: 23 April, 2020 | By : 

Mayor Sylvester Turner is asking the federal government to let Houston use $404 million in aid to help close its ballooning budget gap and reduce the number ofexpected furloughs.

Rules for the CARES Act, part of the $2 trillion stimulus passed by Congress last month, prevent the city from using the dollars where they are most needed: the budget.

The fun

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Abbott Says COVID-19 Cases Are 'leveling Off,' But Stay-at-home Order Stands

Date: 23 April, 2020 | By : 

Texas Gov. Greg Abbott painted a positive picture of the state’s battle against COVID-19 on Tuesday, but said it’s not yet time to fully reopen the economy.

The number of people testing positive for the corona virus is “leveling off” and has remained mostly under 1,000 new cases a day, he said, even as testing has accelerated.


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Not A Lot Of Good Options’ To Help Collapsing Oil Prices

Date: 23 April, 2020 | By : 

Governments around the globe are scrambling to figure out what, if anything, they can do to arrest the collapse of oil prices, which fell below zero on Monday.

With stay-at-home orders cutting a third of the global oil demand, the usual methods of small production cuts or filling the nation's oil reserves are unlikely to do much to move markets, raising question about go

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This Week's State Of The Economy - What Is Ahead? - 17 April 2020

Date: 18 April, 2020 | By : 

U.S. - The Terrible Data (and the Stimulus) Start to Arrive

  • Economic data from the early stages of the Great Shutdown have finally arrived, and they are as bad as feared. ‘Worst on record’ is about to become an all too common refrain in our commentary.
  • 22 million people—or nearly 15% of the U.S. workforce—have file
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This Week's State Of The Economy - What Is Ahead? - 10 April 2020

Date: 11 April, 2020 | By : 

U.S - Policy Moves Are More Important than the Data

  • The Federal Reserve greatly expanded the collateral that it is willing to buy, further easing pressures in financial markets.
  • While hiccups in implementing the Payroll Protection Program have been frustrating, the plan offers significant relief to small businesses that will lessen the se
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This Week's State Of The Economy - What Is Ahead? - 09 April 2020

Date: 10 April, 2020 | By : 

The Fed Goes Nuclear: Part II 

The Federal Reserve announced a series of measures this morning that are intended to assist households, businesses and state & local governments as they cope with the economic fallout of the COVID-19 outbreak. The Fed estimates that the programs will provide an additional  $2.3 trillion

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