May 10 Update: US COVID-19 Test Results

The US might be able to test 400,000 to 600,000 people per day sometime in May according to Dr. Fauci – and that might be enough for test and trace. However, the US might need more than 900,000 tests per day according to Dr. Jha of Harvard’s Global Health Institute. There were 277,897 test results […]

source https://thebtrader.com/2020/05/10/may-10-update-us-covid-19-test-results/?utm_source=rss&utm_medium=rss&utm_campaign=may-10-update-us-covid-19-test-results

Covid-19 is an inequality issue

I just noticed this in the Observer. It lists Covid-19 cases by local authority in England alone. I have taken all with death rates over 400 power £100,000 of population: The north is being hit hard. As are poorer areas. Covid-19 is not only about inequality. But it certainly is in part. And that matters […]

source https://thebtrader.com/2020/05/10/covid-19-is-an-inequality-issue/?utm_source=rss&utm_medium=rss&utm_campaign=covid-19-is-an-inequality-issue

Employment: April Diffusion Indexes Decline to Record Lows

The BLS diffusion index for total private employment was at a record low 4.8 in April, down from 28.5 in March. For manufacturing, the diffusion index was at a record low 2.6, down from 26.3 in March. Think of this as a measure of how widespread job gains or losses are across industries. The further […]

source https://thebtrader.com/2020/05/10/employment-april-diffusion-indexes-decline-to-record-lows/?utm_source=rss&utm_medium=rss&utm_campaign=employment-april-diffusion-indexes-decline-to-record-lows

What is money? An explanation

As a follow up to the debates this week on how to disseminate ideas I wrote and recorded this yesterday: This is the transcript, near enough (as I suspect I changed a word or two when recording): If people are asked what money is they usually talk about notes and coins. But when they come […]

source https://thebtrader.com/2020/05/10/what-is-money-an-explanation/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-money-an-explanation

Question of to the day: what to call an economics that embraces MMT?

Jo Wilson made this comment this comment on the blog this morning when discussing how to communicate economic ideas: Find a way to communicate what MMT actually is (heck, just give it a new name), as so many non-scientific people seem to confuse “theory” with “hypothesis” – as soon as they hear “theory” it’s immediately translated to […]

source https://thebtrader.com/2020/05/10/question-of-to-the-day-what-to-call-an-economics-that-embraces-mmt/?utm_source=rss&utm_medium=rss&utm_campaign=question-of-to-the-day-what-to-call-an-economics-that-embraces-mmt

May 9 Update: US COVID-19 Test Results: Third Consecutive Day Over 300K

The US might be able to test 400,000 to 600,000 people per day sometime in May according to Dr. Fauci – and that might be enough for test and trace. However, the US might need more than 900,000 tests per day according to Dr. Jha of Harvard’s Global Health Institute. There were 300,842 test results […]

source https://thebtrader.com/2020/05/09/may-9-update-us-covid-19-test-results-third-consecutive-day-over-300k/?utm_source=rss&utm_medium=rss&utm_campaign=may-9-update-us-covid-19-test-results-third-consecutive-day-over-300k

Recession Measures and NBER

Calling the beginning or end of a recession takes time. The National Bureau of Economic Research (NBER) waits until the data is revised, and if the recovery is sluggish, this process can take from 18 months to two years or longer. In addition, if the economy slides into recession again, the committee will only consider […]

source https://thebtrader.com/2020/05/09/recession-measures-and-nber/?utm_source=rss&utm_medium=rss&utm_campaign=recession-measures-and-nber