Economy Feed

Filtered Keywords: Treasury, Tax, GDP, Economy, Economic, Market, Trade

Feed Sources: CNBC, Wall St. Journal , Financial Times, Marginal Revolution, Liberty Street Economics

  • Apple has quietly dropped 22% from its peak, giving up $500 billion in market cap
    The steep losses came as Apple's recent product event — its first in 2020 — didn't live up to the hype. ... read more
    Source: Econ – CNBC 1Published on 2020-09-18
  • Unity shares pop following market debut
    Shares of Unity, a video game software developer, jumped in its market debut Friday.  ... read more
    Source: Econ – CNBC 1Published on 2020-09-18
  • Bank of Ireland chief says the economy is showing positive signs, but banks will feel the brunt
    The chief executive of Bank of Ireland said she is "cautiously optimistic" about the economic recovery in Ireland, but that banks are still facing a severe hit. ... read more
    Source: Econ – CNBC 1Published on 2020-09-18
  • The next wave of the global recovery could send commodity prices soaring
    The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC. ... read more
    Source: Econ – CNBC 1Published on 2020-09-18
  • UBS is ‘very bullish on gold,’ says prices could stay high longer
    UBS has raised its gold price forecast for next year from $1,850 to $2,100 per ounce, said Yeoh Choo Guan, the bank's head of ASEAN global markets. ... read more
    Source: Econ – CNBC 1Published on 2020-09-18
  • China’s yuan is rallying sharply against the dollar — and analysts say there’s room to run
    The Chinese yuan strengthened sharply against the U.S. dollar this week, following gains seen in recent months as the country's economy recovers and the greenback weakens. ... read more
    Source: Econ – CNBC 1Published on 2020-09-18
  • The list of countries where travelers can go live and work remotely is growing
    More nations are inviting travelers to trade their home offices for the chance to live and work abroad during the global pandemic. ... read more
    Source: Econ – CNBC 1Published on 2020-09-18
  • New Zealand’s finance minister expects strong economic rebound from technical recession
    New Zealand fell into a steep recession — two consecutive quarters of negative growth — after GDP shrank 12.2% on-quarter between April to June. ... read more
    Source: Econ – CNBC 1Published on 2020-09-18
  • The coronavirus pandemic will intensify competition for white-collar jobs, says Singapore minister
    "Jobs that can be done over the internet can be done anywhere in the world and because of this, white-collar jobs will no longer have the geographical insulation it used to have," said Singapore's Minister for Trade and Industry Chan Chun Sing. ... read more
    Source: Econ – CNBC 1Published on 2020-09-17
  • Japan turns to ‘Suganomics’ — but analysts say the policy will likely continue Abe’s legacy
    Japan's new prime minister Yoshihide Suga will likely pull out all stops to revive the economy badly hit by the coronavirus pandemic but still continue the policies of outgoing leader Shinzo Abe. ... read more
    Source: Econ – CNBC 1Published on 2020-09-17
  • Asia-Pacific markets edge up as investors watch tech shares following Wall Street losses
    Overnight stateside, the Nasdaq Composite fell 1.3% to close at 10,910.28.The tech-heavy benchmark briefly dipped back into correction territory, down 10% from its all-time high. ... read more
    Source: Econ – CNBC 1Published on 2020-09-17
  • Stock futures are flat in overnight trading after Dow snaps a 4-day win streak
    Some of the biggest technology stocks have suffered double-digit losses so far this month as investors rotated out of high-flying market leaders. ... read more
    Source: Econ – CNBC 1Published on 2020-09-17
  • The market isn’t convinced the Federal Reserve can achieve its inflation objective
    While the move to "average inflation targeting" is in a respect historic for the Fed, market participants remain largely skeptical that the Fed can achieve its newly defined goal. ... read more
    Source: Econ – CNBC 1Published on 2020-09-17
  • Jobless claims were lower than expected but employment growth is still sluggish
    First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage. ... read more
    Source: Econ – CNBC 1Published on 2020-09-17
  • Biden says trade deal with Britain hangs on respect for Northern Irish peace agreement
    "We can't allow the Good Friday Agreement that brought peace to Northern Ireland to become a casualty of Brexit," Biden said on Twitter late Wednesday. ... read more
    Source: Econ – CNBC 1Published on 2020-09-17
  • Does Anyone Really Know What Socialism Is? (Ep. 408 Rebroadcast)
    Trump says it would destroy us. Biden needs the voters who support it (especially the Bernie voters). The majority of millennials would like it to replace capitalism. But what is “it”? We bring in the economists to sort things out and tell us what the U.S. can learn from ... read more
    Source: Econ – Freakonomics 2Published on 2020-09-16
  • What if Your Company Had No Rules? (Bonus Episode)
    Netflix co-founder Reed Hastings came to believe that corporate rules can kill creativity and innovation. In this latest edition of the Freakonomics Radio Book Club, guest host Maria Konnikova talks to Hastings about his new book, No Rules Rules, and why for some companies the greatest risk is taking ... read more
    Source: Econ – Freakonomics 2Published on 2020-09-12
  • Why Can’t Schools Get What the N.F.L. Has? (Ep. 431)
    Thanks to daily Covid testing and regimented protocols, the new football season is underway. Meanwhile, most teachers, students, and parents are essentially waiting for the storm to pass. And school isn’t even a contact sport (usually). Listen and subscribe to our podcast at Apple PodcastsStitcher, or elsewhere. Below is a transcript ... read more
    Source: Econ – Freakonomics 2Published on 2020-09-09
  • America’s Hidden Duopoly (Ep. 356 Rebroadcast)
    We all know our political system is “broken” — but what if that’s not true? Some say the Republicans and Democrats constitute a wildly successful industry that has colluded to kill off competition, stifle reform, and drive the country apart. So, what are you going to do about it? ... read more
    Source: Econ – Freakonomics 2Published on 2020-09-02
  • Will a Covid-19 Vaccine Change the Future of Medical Research? (Ep. 430)
    We explore the science, scalability, and (of course) economics surrounding the global vaccine race. Guests include the chief medical officer of the first U.S. firm to go to Phase 3 trials with a vaccine candidate; a former F.D.A. commissioner who’s been warning of a pandemic for years; and an ... read more
    Source: Econ – Freakonomics 2Published on 2020-08-26
  • The Economics of Sports Gambling (Ep. 388 Rebroadcast)
    What happens when tens of millions of fantasy-sports players are suddenly able to bet real money on real games? We’re about to find out. A recent Supreme Court decision has cleared the way to bring an estimated $300 billion in black-market sports betting into the light. We sort out ... read more
    Source: Econ – Freakonomics 2Published on 2020-08-19
  • Are You a Maximizer or a Satisficer? (NSQ Ep. 14)
    Also: what is the best question you’ve ever been asked in a job interview? *      *      * Relevant References & Research Question #1: Is it better to be a maximizer or a satisficer? Angela explains that psychologist Herb Simon coined the term “satisficing.” Simon explores the idea ... read more
    Source: Econ – Freakonomics 2Published on 2020-08-16
  • Is Economic Growth the Wrong Goal? (Ep. 429)
    The endless pursuit of G.D.P., argues the economist Kate Raworth, shortchanges too many people and also trashes the planet. Economic theory, she says, “needs to be rewritten” — and Raworth has tried, in a book called Doughnut Economics. It has found an audience among reformers, and now the city ... read more
    Source: Econ – Freakonomics 2Published on 2020-08-12
  • How Can You Stop Comparing Yourself With Other People? (NSQ Ep. 13)
    Also: how can we stop confusing correlation with causation? *      *      * Relevant References & Research Question #1: How can you avoid the emotional pain of social comparisons? Angela mentions that Nobel Laureate economist Gary Becker decided against majoring in math because his college roommate was ... read more
    Source: Econ – Freakonomics 2Published on 2020-08-09
  • Introducing People I (Mostly) Admire
    Steve Levitt has spent decades as an academic economist, “studying strange phenomena and human behavior in weird circumstances.” Now he’s turning his curiosity to something new: interviewing some of the most interesting, unorthodox people around — from actresses to athletes, authors to inventors. Here is a preview ... read more
    Source: Econ – Freakonomics 2Published on 2020-08-05
  • How the Supermarket Helped America Win the Cold War (Ep. 386 Rebroadcast)
    Aisle upon aisle of fresh produce, cheap meat, and sugary cereal — a delicious embodiment of free-market capitalism, right? Not quite. The supermarket was in fact the endpoint of the U.S. government’s battle for agricultural abundance against the U.S.S.R. Our farm policies were built to dominate, not necessarily to nourish ... read more
    Source: Econ – Freakonomics 2Published on 2020-08-05
  • The Simple Economics of Saving the Amazon Rain Forest (Ep. 428)
    Everyone agrees that massive deforestation is an environmental disaster. But most of the standard solutions — scolding the Brazilians, invoking universal morality — ignore the one solution that might actually work. Listen and subscribe to our podcast at Apple PodcastsStitcher, or elsewhere. Below is a transcript of the episode, edited for readability. For more information ... read more
    Source: Econ – Freakonomics 2Published on 2020-07-29
  • Are Ambitious People Inherently Selfish? (NSQ Ep. 11)
    Also: why do we habituate to life’s greatest pleasures? *      *      * Relevant References & Research Question #1: Is it possible to be both self-interested and altruistic at the same time? Stephen references Jonas Salk as an example of someone who was both selfish and prosocial. ... read more
    Source: Econ – Freakonomics 2Published on 2020-07-26
  • The Pros and Cons of Reparations (Ep. 427)
    Most Americans agree that racial discrimination has been, and remains, a big problem. But that is where the agreement ends. Listen and subscribe to our podcast at Apple Podcasts, Stitcher, or elsewhere. Below is a transcript of the episode, edited for readability. For more information on the people and ideas ... read more
    Source: Econ – Freakonomics 2Published on 2020-07-22
  • Why Are Stories Stickier Than Statistics? (NSQ Ep. 10)
    Also: are the most memorable stories less likely to be true? *      *      * Relevant References & Research Stephen refers to a survey that found that more people can name the ingredients of a Big Mac than can list all Ten Commandments. This survey was ... read more
    Source: Econ – Freakonomics 2Published on 2020-07-19
  • Parsing the Fed: How the September Statement Changed from July
    The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take. Fed watchers closely parse changes between statements to see how the Fed’s views are evolving. This tool compares the latest statement ... read more
    Source: Econ – WSJ 3Published on 2020-09-16
  • Newsletter: Soaring Debt, Big Layoffs and a Booming Stock Market
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. From Liberty Bonds to Coronavirus Bills U.S. debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed ... read more
    Source: Econ – WSJ 3Published on 2020-09-03
  • Newsletter: More Factory Output, Fewer Factory Workers
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. More Output, Fewer Workers U.S. factory output continued to grow in August, but the picture for employment was mixed, a possible sign of lingering uncertainty about the coronavirus pandemic ... read more
    Source: Econ – WSJ 3Published on 2020-09-02
  • Newsletter: From Furloughed to Fired
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Big Gains, Permanent Losses The U.S. employment report for August is out Friday and likely to show another month of historic labor-market gains. But the number of jobs will ... read more
    Source: Econ – WSJ 3Published on 2020-08-31
  • Newsletter: Consumer Spending, Inflation vs. Employment and the Virus that Won’t Go Away
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. U.S. consumer spending numbers are due out this morning, the Fed makes a major shift in the way it sets interest rates and Europe is facing a big rise ... read more
    Source: Econ – WSJ 3Published on 2020-08-28
  • Newsletter: Deep Contraction, Hurricane Hit and Millennial Power
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Long Road to Recovery The world’s rich economies experienced the deepest contraction in at least six decades in the spring, while continuing outbreaks of the novel coronavirus mean their ... read more
    Source: Econ – WSJ 3Published on 2020-08-27
  • Newsletter: Limited Supplies, High Demand
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. House Hunters U.S. new-home sales rose to the highest level since the waning days of the housing bubble, underscoring a strong recovery for the housing market as people search ... read more
    Source: Econ – WSJ 3Published on 2020-08-26
  • Newsletter: China Is Catching Up
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. China is closing the economic gap with the U.S., another round of Covid lockdowns would be too costly, more U.S. workers are testing positive for drugs, and Canada scores ... read more
    Source: Econ – WSJ 3Published on 2020-08-25
  • Newsletter: Debt, Labor Divide and Live Music
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. It’s another full week for economic data and policy talk, bookended by the Republican National Convention at the start of the week and the Kansas City Fed’s annual policy ... read more
    Source: Econ – WSJ 3Published on 2020-08-24
  • Newsletter: U.S. Labor Market Cools, U.K. Output Jumps
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Wrong Way New applications for unemployment benefits rose last week, another sign the labor market’s recovery is cooling amid continuing disruptions from the coronavirus pandemic. Weekly initial claims for ... read more
    Source: Econ – WSJ 3Published on 2020-08-21
  • Newsletter: Layoffs, Trade Talks and the Fed’s Outlook
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. On the Mend, Slowly New applications for unemployment benefits have eased in recent weeks but remain at historically high levels, indicating that the labor market is healing but still ... read more
    Source: Econ – WSJ 3Published on 2020-08-20
  • Newsletter: Building Boom, Stimulus Talks and a New High for Stocks
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Building Boom U.S. new-home construction surged in July. Housing starts jumped 23% from June to an annual pace of almost 1.5 million, a reflection of rock-bottom interest rates and ... read more
    Source: Econ – WSJ 3Published on 2020-08-19
  • Newsletter: The Safest Place During a Pandemic
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Safe House If there is a safe place to be in the time of Covid-19, home builders may have found it. The National Association of Home Builders on Monday ... read more
    Source: Econ – WSJ 3Published on 2020-08-18
  • Newsletter: Working Parents Hit Coronavirus Breaking Point
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Where Do the Children Play? Working parents going on six months without school or camp are about to take another hit: rising child-care costs. Parents with school-age children are ... read more
    Source: Econ – WSJ 3Published on 2020-08-17
  • Newsletter Special Report: Millions of Jobs Added, Millions More to Go
    This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Employers added 1.8 million jobs in July and the unemployment rate fell to 10.2%, marking only partial progress toward recouping massive losses tied to the coronavirus pandemic. Jeff Sparshott and ... read more
    Source: Econ – WSJ 3Published on 2020-08-07
  • Saturday assorted links
    Source: Econ Marginal Revolution 4Published on 2020-09-19
  • What happened to the mandate, the third leg of the stool?
    But Congress did ultimately chop off a leg when it repealed the mandate penalties in 2017 — and, despite these predictions, the Affordable Care Act still stands. New federal data and economic research show the law hasn’t collapsed or entered the “death spiral” that economists and health ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-19
  • University of Pennsylvania update and correction
    “The email sent by Penn SAS Deans last Tuesday needs to be interpreted with some care. In particular, notice the words “school-funded Ph.D. programs.” There is a lot of institutional background that is lost when the email is read from the outside, especially because the Economics ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-18
  • No economics Ph.D admissions for U Penn next year
    The School of Arts and Sciences will pause admissions for school-funded Ph.D. programs for the 2021-2022 academic year. SAS Dean Steven J. Fluharty and Associate Dean for Graduate Students Beth Wenger wrote in an email to SAS standing faculty and graduate students on Tuesday that the decision ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-17
  • Which economic methods are in practice statistically more honest than others?
    …our results suggest that the [instrumental variables] and, to a lesser extent, [difference-in-difference] research bodies have substantially more p-hacking and/or selective publication than those based on [randomized controlled trials] and [regression-discontinuity]… (p.3) And: We find no evidence that: (1) Papers published in the ‘Top 5’ journals are different ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-15
  • Reconstructing microeconomics as a kind of anthropology
    Here is the closing part of my introduction to what will be a forthcoming Taiwanese, classical Chinese character edition of my earlier book Discover Your Inner Economist: Finally, hidden in Discover Your Inner Economist is an implied revision of how economics should be done in the university. ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-15
  • How to make yourself happier during the pandemic
    There is plenty of relevant psychological advice, here is some more narrowly economic advice from my latest Bloomberg column.  Start with this key point: …it is a common result in empirical economics that consumption habits are slow to adjust to changing circumstances, especially unprecedented circumstances. It is not enough for ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-14
  • The durability of violent revolution
    …regimes founded in violent social revolution are especially durable. Revolutionary regimes, such as those in Russia, China, Cuba, and Vietnam, endured for more than half a century in the face of strong external pressure, poor economic performance, and large-scale policy failures. The authors develop and test a theory ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-14
  • Sunday assorted links
    1. The culture that is Singapore golf club script theft punishment. 2. Very good thread on some Matt Rognlie results, paper here.  The whole “market power lowering the returns to labor” bit really doesn’t seem to be holding up. 3. The Viewer (recommended videos, affiliated with The Browser). ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-13
  • Against digitalized subscription services for the movies
    Quality public taste is a public good, and right now we are taxing it: Another response to my whining might be to tell me that I live in a world of cinematic plenty, especially considering my various subscriptions and DVD collection. That is also entirely fair, but ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-13
  • Singapore markets in some things not everything
    Singapore Airlines (SIA) is looking to launch no-destination flights that will depart from and land in Changi Airport next month, in a bid to give its ailing business a lift. Sources told The Straits Times that the national carrier is working towards launching this option for domestic passengers ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-13
  • Singapore markets in some things not everything
    Singapore Airlines (SIA) is looking to launch no-destination flights that will depart from and land in Changi Airport next month, in a bid to give its ailing business a lift. Sources told The Straits Times that the national carrier is working towards launching this option for domestic passengers ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-13
  • China fact of the day
    A Chinese pharmaceutical company has injected hundreds of thousands of people with experimental Covid-19 vaccines, as its Western counterparts warn against administering mass vaccinations before rigorous scientific studies are complete. China National Biotec Group Co., a subsidiary of state-owned Sinopharm, has given two experimental vaccine candidates to hundreds of thousands of ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-12
  • China fact of the day
    A Chinese pharmaceutical company has injected hundreds of thousands of people with experimental Covid-19 vaccines, as its Western counterparts warn against administering mass vaccinations before rigorous scientific studies are complete. China National Biotec Group Co., a subsidiary of state-owned Sinopharm, has given two experimental vaccine candidates to hundreds of thousands of ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-12
  • Markets in everything
    Swedish label Kön has produced a range of gender-neutral underwear to demonstrate that products “don’t have to be categorised” as just for men or women. The underwear is made from plant-based textiles and comes in recycled paper packaging. Wanting to create an inclusive brand suitable for everyone, ... read more
    Source: Econ Marginal Revolution 4Published on 2020-09-11
  • Did State Reopenings Increase Consumer Spending?
    The spread of COVID-19 in the United States has had a profound impact on economic activity. Beginning in March, most states imposed severe restrictions on households and businesses to slow the spread of the virus. This ... read more
    Source: Econ Liberty Street 5Published on 2020-09-18
  • What’s Up with the Phillips Curve?
    U.S. inflation used to rise during economic booms, as businesses charged higher prices to cope with increases in wages and other costs. When the economy cooled and joblessness rose, inflation declined. This pattern changed around ... read more
    Source: Econ Liberty Street 5Published on 2020-09-18
  • Tracking the Spread of COVID-19 in the Region
    The New York Fed today unveiled a set of charts that track COVID-19 cases in the Federal Reserve’s Second District, which includes New York, Northern New Jersey, Fairfield County Connecticut, Puerto Rico, and the U.S. Virgin ... read more
    Source: Econ Liberty Street 5Published on 2020-08-27
  • How Does the Liquidity of New Treasury Securities Evolve?
    In a recent Liberty Street Economics post, we showed that the newly reintroduced 20-year bond trades less than other on-the-run Treasury securities and has similar liquidity to that of the more interest‑rate‑sensitive 30-year bond. Is it common for newly introduced securities to trade less ... read more
    Source: Econ Liberty Street 5Published on 2020-08-26
  • Explaining the Puzzling Behavior of Short-Term Money Market Rates
    Since 2008, the Federal Reserve has dramatically increased the supply of bank reserves, effectively adopting a floor system for monetary policy implementation. Since then, the behavior of short-term money market rates has been at times puzzling. In ... read more
    Source: Econ Liberty Street 5Published on 2020-08-24
  • Market Function Purchases by the Federal Reserve
    In response to disorderly market conditions in mid-March 2020, the Federal Reserve began an asset purchase program designed to improve market functioning in the Treasury and agency mortgage-backed securities (MBS) markets. The 2020 purchases have no parallel, but there ... read more
    Source: Econ Liberty Street 5Published on 2020-08-20
  • Debt Relief and the CARES Act: Which Borrowers Face the Most Financial Strain?
    In yesterday's post, we studied the expected debt relief from the CARES Act on mortgagors and student debt borrowers. We now turn our attention to the 63 percent of American borrowers ... read more
    Source: Econ Liberty Street 5Published on 2020-08-19
  • Debt Relief and the CARES Act: Which Borrowers Benefit the Most?
    COVID-19 and associated social distancing measures have had major labor market ramifications, with massive job losses and furloughs. Millions of people have filed jobless claims since mid-March—6.9 million in the ... read more
    Source: Econ Liberty Street 5Published on 2020-08-18
  • Are Financially Distressed Areas More Affected by COVID-19?
    Building upon our earlier Liberty Street Economics post, we continue to analyze the heterogeneity of COVID-19 incidence. We previously found that majority-minority areas, low-income areas, and areas with higher population density were more affected by COVID-19. The objective of ... read more
    Source: Econ Liberty Street 5Published on 2020-08-17
  • The Disproportionate Effects of COVID-19 on Households with Children
    A growing body of evidence points to large negative economic and health impacts of the COVID-19 pandemic on low-income, Black, and Hispanic Americans (see this LSE post and reports by Pew Research and Harvard). Beyond the consequences of ... read more
    Source: Econ Liberty Street 5Published on 2020-08-13
  • Token- or Account-Based? A Digital Currency Can Be Both
    Digital currencies, including potential central bank digital currencies (CBDC), have generated a lot of interest over the past decade, since the emergence of Bitcoin. The interest has only grown in recent months because of a desire for contactless ... read more
    Source: Econ Liberty Street 5Published on 2020-08-12
  • Implications of the COVID-19 Disruption for Corporate Leverage
    Anna Kovner, Stephan Luck, and Sungmin An The COVID-19 pandemic has caused significant economic disruptions among U.S. corporations. In this post, we study the preliminary impact of these disruptions on the cash flow and leverage of public U.S. corporations using public filings through April 2020. We find that ... read more
    Source: Econ Liberty Street 5Published on 2020-08-10
  • Securing Secured Finance: The Term Asset-Backed Securities Loan Facility
    Elizabeth Caviness and Asani Sarkar This post is part of an ongoing series on the credit and liquidity facilities established by the Federal Reserve to support households and businesses during the COVID-19 outbreak. The asset-backed securities (ABS) market, by supporting loans to households and businesses such as ... read more
    Source: Econ Liberty Street 5Published on 2020-08-07
  • A Monthly Peek into Americans’ Credit During the COVID-19 Pandemic
    Andrew F. Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw Total household debt was roughly flat in the second quarter of 2020, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data. But, for the first time, the dynamics ... read more
    Source: Econ Liberty Street 5Published on 2020-08-06
  • Reconsidering the Phase One Trade Deal with China in the Midst of the Pandemic
    Matthew Higgins and Thomas Klitgaard It may be hard to remember given the pandemic, but trade tensions between the United States and China eased in January 2020 with the inking of the Phase One agreement. Under the deal, China committed to a massive increase in its purchases ... read more
    Source: Econ Liberty Street 5Published on 2020-08-05