Credit Writedowns - Finance, Economics, Markets and Technology

Time 2020-10-12 10:04:00

Web Name: Credit Writedowns - Finance, Economics, Markets and Technology

WebSite: http://www.creditwritedowns.com

ID:79292

Keywords:

Finance,Writedowns,Credit,

Description:

Finance, Economics, Markets and Technology - Finance, Economics, Markets and Technology The US Department of Labor released the latest jobless claims report this morning and the numbers were poor. From their email, announcing the figures:In the week ending September 19, the advance figure for seasonally adjusted initial Data collection difficultiesData collection is a real challenge during this pandemic. And the US jobless claims data set is telling on that score. For one, the US Labor Department was forced a few weeks I want to try something slightly different today, and go 'off-topic' with some content that more fits the Credit Writedowns blog of yore, when I covered a much wider range of topics. And so, this post is going to be about technology, Back in June, I wrote a post about worries that were beginning to surface regarding a speculative mania taking form in the equity markets. I want to update the thinking from that post now that we have had three months' additional data. And Today's US jobless claims report makes clear that the boost from re-opening is now fading. And a second wave of job loss is upon us. As a result, while the US unemployment rate declined more than expected in the last jobs report, I expect I haven't been teeing up thought pieces on the financial system on Credit Writedowns for a while now. And that's a shame since this site's name owes to the role I believe balance sheets in the financial system play in business cycles. Around the time that the re-opening rally began to consolidate, I developed a thesis that we would have to wait until September and October before we would know more clearly how the economy would perform over the medium-term. And my view I have three threads I want to say a few words on: jobless claims, the jobs report and recent market volatility. I think the macro theme that connects them is about a reversion to the mean' in real economy versus financial economy Markets were down today, sending the US market to its worst loss since June. Given that I have been writing about downside market risk, I thought I would make a few comments.First, let me say that one bad day isn't a big deal. In fact, The fixI am writing this just before the release of the US jobless claims data series. And for weeks now, I have been telling you that the unemployment claim series was distorted by a multiplicative seasonal factor. See here and here. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

TAGS:Finance Writedowns Credit 

<<< Thank you for your visit >>>

Finance, Economics, Markets and Technology

Hot Websites