On April 9, 2020, the Department of Labor released new unemployment insurance weekly claims for the previous week to be 6.6 million. More than 16 million people have lost their jobs so far, and if we compare this to the…
Tag: Quantitative Easing
Is High Inflation Around The Corner?
As coronavirus outbreak has locked down many cities and states in the United States, unemployment is on a rise. According to the Department of Labor's news release on March 26, 2020, the seasonally adjusted initial unemployment claims was 3,283,000, an…
Why Is The Federal Reserve Not Ready For The Next Recession?
The Federal Reserve plays a key role in jump starting the economy during a downturn. As outlined on the Federal Reserve website, the Congress has directed the Fed to conduct the nation's monetary policy to support three specific goals: maximum…
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US Economy, Federal Reserve, And Interest Rates
On September 18, 2019, the Federal Reserve decided to cut the interest rate by 0.25%. This has been the second rate cut of the year. Let me illustrate what is going on with an analogy. You can think of this…
What is going on with the US Economy?
Now that the US stock market is at an all time high, you might be wondering when is this mania going to end? It's been about 10 years since the great recession of 2007. When I see the market tick…
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