Macro/Econ

Why the Market is So Confused Right Now

According to the National Bureau of Economic Research, the U.S. economy peaked in February and officially entered a recession in March. This is a newsflash to exactly zero people. When the pandemic hit and the economy was put in the freezer, it was immediately obvious the longest economic expansion in this country’s history came to…

Do We Need to Worry About Government Debt?

At the end of March, the federal government passed the $2.2 trillion CARES Act to provide financial relief to millions of Americans and a number of businesses to help see them through the crisis. This week they just tacked on an additional $484 billion. That’s around 10% of annual economic output in the U.S. This…