The longer term costs of using economic shutdowns to contain Covid-19 have not been evaluated. In fairness, the UK Government seems determined to avoid a total shutdown, ordering builders’ merchants…
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The jump in US initial jobless claims (to 3.283m) was well above expectations today. Mr Trump has warned that the ‘cure’ may do more damage than the virus itself. The…
Reports of ‘heavy loading’ on some London Underground tube lines this morning are disturbing. Cutting tube services has backfired. By Sunday (March 22nd), the number of hospital trusts reporting at…
Undocumented infections have allowed Covid-19 to spread rapidly across the US, engulfing New York state (117 deaths). The number of Covid-19 deaths in the US is now up to 404….
A reminder, that Covid-19 and the environmental degradation that is driving climate change are inextricably linked, comes from this timely article. President Trump persists with his divide and rule narrative…
The ‘decisive’ action taken by central banks on Sunday lacked a critical component: yield curve control (YCC). Without YCC, central banks will not be able to anchor financial markets. Fiscal…
