A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate nonfarm payrolls increased 195k in February … a 20-30k boost from weather … too early to show a meaningful impact of the coronavirus outbreak on hiring. We estimate a one tenth decline in the unemployment rate to 3.5% … We […]
Stretch IRAs refer to an estate planning strategy that was utilized to extend the tax-deferred status of an inherited IRA when it passed to a non-spouse beneficiary. Stretched IRAs allowed for continued tax-deferred growth. The SECURE Act, which was passed by the Senate on December 19, 2019, however, will end stretch IRAs. The most direct […]
Special Note: The 2020 Decennial Census will increase hiring in early 2020. In reporting the employment report, the headline number should be reduced (or increased) by the change in Census temporary employment to show the underlying trend. Based on previous Census hiring, I expect the Census hired 10 to 20 thousand temporary workers in February. […]
The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world. With all this uncertainty, how […]
If coronavirus is going to prove anything it is how wrong she was: Actually, we all live in utterly interdependent societies. Hat tip.
Whilst coronavirus dominates the news, some other agendas are still being pursued. For example, the Culture Secretary (Oliver Dowden, in case you had never heard of him) is launching an attack on the BBC today and according to Politics Home: Mr Dowden will also take aim at the BBC’s news coverage, flagging Ofcom research which […]
￼I wrote yesterday about￼ the changes that I thought necessary within our economy to ensure that￼￼ as many people as possible might make it safely, both economically as well as physically, to the other side of the coronavirus crisis. My logic was simple, and not motivated by some deep anti-capital logic, as some seemed to […]