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Thursday, October 22, 2020
the-bogus-“recovery”,-stress,-&-burnout

The Bogus “Recovery”, Stress, & Burnout

Authored by Charles Hugh Smith via OfTwoMinds blog, We have three basic ways to counter the destructive consequences of stress. We have all experienced the disorientation and "brain freeze" that stress triggers. The pandemic and the responses to the pandemic have been continuous sources of stress, i.e. chronic stress, which is the pathway to burnout, the collapse of…
us-recovery-stalls-as-pandemic-‘second-wave’-threatens-to unleash-double-dip-recession 

US Recovery Stalls As Pandemic ‘Second Wave’ Threatens To Unleash Double-Dip Recession 

The US economy has stalled as the virus pandemic flares up. Real-time data shows slowdowns in consumer foot traffic, restaurant foot traffic, discretionary income, and overall economic activity as virus cases rise in 38 states.  The US reported its largest single-day caseload increase on Friday, with more than 67,000 new confirmed cases. Six states (Arizona, California, Colorado, Florida, Michigan, and…
no-v-shaped-recovery? cargo-vessel-calls-plunge-at-singapore-port to-three-decade-low

No V-Shaped Recovery? Cargo Vessel Calls Plunge At Singapore Port To Three Decade Low

Singapore's geographical location makes it one of the most important maritime trade lines connecting the global economy. It's home to one of the largest ports in the world, on par with ones seen in Hong Kong, London, Shanghai, and Dubai. Port activity data via Singapore's government is suggesting world trade has yet to recover, which means a V-shaped recovery in the…
a-bounce-is-not-a-recovery

A Bounce Is Not A Recovery

Authored by Daniel Lacalle, The recent improvement in global PMIs and especially in employment in the United States have created a strong optimism in markets about the recovery. However, it is important to be cautious about a V-shaped recovery when the leading indicators remain weak. Eurozone PMIs (Purchasing Managers’ Index) came slightly above expectations in…
has-the-recovery-started-already?-what-real-time-coronavirus-activity-trackers-are-showing

Has The Recovery Started Already? What Real-TIme Coronavirus Activity Trackers Are Showing

There was some good news in the latest coronavirus activity tracker from Goldman: signs of life amid an unprecedented collapse in aggregate demand. As the following chart tracking daily consumer prices shows, after cratering by as much as 50% into the middle of April, consumer prices have rebounded in the past week to -31%, which…
nyt:-black-workers’-wages-‘are-finally-rising’-after-‘decade-of-stagnation’

NYT: Black Workers’ Wages ‘Are Finally Rising’ After ‘Decade of Stagnation’

Eva Hambach / AFP / Getty The New York Times reported Friday morning that African American workers are seeing their wages rise for the first time after a “decade of stagnation,” further evidence of the strength of the U.S. economy. The Times report came as the U.S. Bureau of Labor Statistics reported that the economy created 225,000…
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