Mosler Economics

The stats continue to be all like this, or worse, so I won’t bore you with them: Like most other indicators, oil investment had been decelerating well before the virus hit:

I haven’t been posting because all the charts look pretty much like this: h

Big spike up: New daily global confirmed cases growing: US cases growing rapidly and soon to surpass Italy and China to take the lead globally:

Oil capex collapsing: Service sectors collapsing:

All going to heck, no explanations necessary:

Here we go, and lots more of same to come. This is for March: Through Feb:

Effects of virus starting to hit US economy: As expected, the lower price of oil will cut capital expenditures and eventually output:

The mini spike in real estate lending from the drop in rates is already fading: The Japanese economy shrank 7.1 percent on an annualized basis in the fourth quarter of 2019, worse than an initial estimate of a 6.6 percent contraction and following a downwardly revised 0.1 percent growth in the previous three-month period. That was the biggest slump in GDP since the second quarter of 2014 as private consumption dropped 10.6 percent as a sales tax hike in October weighed on...

I suspect these numbers will be subject to large downward revisions, particularly today’s release, and the downtrend will continue. This is much like the other indicators that had recently blipped up and then reversed: Wage growth, for example, has been decelerating, while the narrative is that everyone is working and there are no people left to employ: The number of persons working part time for economic reasons increased in February to 4.318 million from 4.182 million in...

Just updated for January, well before the virus, and already trending lower: Monthly employment report tomorrow. It’s been decelerating for quite a while and looks to slow further: Trump seems to be losing support during the last week or so?