Jerry

Series of Order Effects Caused by COVID-19

We just barely dipped into 1st order effect below. Unemployment claim filings are starting to jump up beyond the regular seasonality curve, though still relatively minor. Some policies can minimize the impact of some of these. 1st order effect > is the shock > layoffs 2nd order effect > layoff people unable to pay rent and car payment and impact on consumer spending … Continue reading Series of Order Effects Caused by COVID-19