Austerity in a post-COVID world

Austerity in a post-COVID world

In 2012 The IMF studied the correlation between credit-default-swap spreads and various economic indicators. Long term indicators—for deficits, economic growth and spending on pensions and health care—had little impact on spreads. But larger short term primary deficits (which exclude interest) were associated with notably wider spreads. So, too, was weaker current-year growth. Solvency should be [...]

Consumer Behaviour and US Politics — COVID19 Week 9

Consumer Behaviour and US Politics — COVID19 Week 9

Home burnout setting in? Back in an April poll, most Americans indicated they were hesitant to return to pre-COVID-19 activities once the curve was flattened. However, mobility data is showing that most regions of America have started to back away from sheltering-at-home. In late April, the number of US counties that had over 50% of [...]