May 24 COVID-19 Test Results
In late April, Dr. Fauci said the US might be able to test 400,000 to 600,000 people per day sometime in May, and testing is… May 24 COVID-19 Test Results
Economic Outlook: Not Sanguine
On March 31st, I wrote: This is a healthcare crisis, and the economic outlook is based on presumptions about the course of the pandemic.Unfortunately the… Economic Outlook: Not Sanguine
May 23 COVID-19 Test Results
Note: I live in Orange County, CA, and the COVID-19 news has been disappointing. The number of daily deaths has increased recently (12 today), and… May 23 COVID-19 Test Results
Schedule for Week of May 24, 2020
The key reports this week are the second estimate of Q1 GDP, April New Home Sales, March Case-Shiller house prices, and Personal Income and Outlays… Schedule for Week of May 24, 2020
May 22 COVID-19 Test Results
In addition to having enough tests for test-and-trace, we also need people to conduct contact tracing. There is a great new website that tracks the… May 22 COVID-19 Test Results
Seasonal Adjustment Weirdness: Will State and Local Governments Hire 700,000 Teachers in June and July?
Every year, state and local governments let about 2 million teachers go in late Spring, and then hire them back at the end of Summer.Since… Seasonal Adjustment Weirdness: Will State and Local Governments Hire 700,000 Teachers in June and July?
Q2 GDP Forecasts: Probably Around 40% Annual Rate Decline
Important: GDP is reported at a seasonally adjusted annual rate (SAAR). So a 40% Q2 decline is around 9% decline from Q1 (SA).From Merrill Lynch:… Q2 GDP Forecasts: Probably Around 40% Annual Rate Decline
NMHC: Rent Payment Tracker Finds 90.8 Percent Paid Rent as of May 20th
From the NMHC: NMHC Rent Payment Tracker Finds 90.8 Percent of Apartment Households Paid Rent as of May 20he National Multifamily Housing Council (NMHC)’s Rent… NMHC: Rent Payment Tracker Finds 90.8 Percent Paid Rent as of May 20th
BLS: April jobless rates up in all 50 states; 43 States at New Record Highs
From the BLS: Regional and State Employment and Unemployment SummaryUnemployment rates were higher in April in all 50 states and the District of Columbia, the… BLS: April jobless rates up in all 50 states; 43 States at New Record Highs
Black Knight: Black Knight: 4.75 Million Homeowners Now in COVID-19-Related Forbearance Plans; Nearly Half Made April Mortgage Payments
Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance.From Black Knight: Black Knight: 4.75 Million… Black Knight: Black Knight: 4.75 Million Homeowners Now in COVID-19-Related Forbearance Plans; Nearly Half Made April Mortgage Payments
