AFMC - Simple Economics And Money Math
- Quite unlike the unemployment rate, the number of American workers who are filing for initial verification of involuntary separation so as to claim insurance benefits has been rising. since March and April.
- While it might be easy to dismiss claims at less than 250,000 per week, it’s not the level rather the direction and the timing of what may be (so far has been) a hard inflection (especially as it corresponds so closely to other data and more).
- Rather than the FOMC, the markets just may have nailed the economy’s transition from weak but still reopening rebound to, perhaps, more squarely recession dynamics. It sure seems so to this point.
For further details see:
Simple Economics And Money Math