28 January 2021

Initial Unemployment Claims and 2020 GDP Today

Unemployment claims fell by 61,000 to a still horrifyingly high 847,000 and US GDP fell by 3.5% in 2020, the most since the 1946 demobilization.

This is with about $4 trillion in emergency stimulus legislation.

And now we are rushing way too fast to rolling back pandemic measures, which is going to lead another round of shutdowns as ICUs fill up.

We are fucked.

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