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Dramatic Decline in Restaurant Traffic

There are some sectors that will be hit hard over the next several months: hotels, airlines, restaurants, movie theaters, sporting events, and convention centers.   People will probably avoid these places as part of social distancing. Here is some restaurant data from OpenTable (HT FBC)

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Schedule for Week of March 15, 2020

The key reports this week are February Retail Sales, Housing Starts and Existing Home sales. For manufacturing, the February Industrial Production report and the March NY and Philly Fed manufacturing surveys will be released. The FOMC meets this week, and is expected to reduce the federal funds rate to a target range of 0 to […]

Tax

The end of airlines

2020 is going to be the most extraordinary year which will live long in the memory of all those who survive it, which I hope to do. Most of us will get coronavirus. Outside the UK many will survive. Here a smaller proportion will, entirely as a result of the decision of the government to […]