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Ask HN: What are you reading to make sense of the economy?

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Re: Ask HN: What are you reading to make sense of the economy?

#5
I'm keeping an eye on initial jobless claims and BLS unemployment statistics. I'm concerned that it's a cascading effort as fewer workers means less spending means less earnings means fewer workers and the cycle continues. Obviously the government has levers to try to ease the pain (lower interest rates, pass stimulus bills), but it's not yet clear how sufficient these levers will be.

Re: Ask HN: What are you reading to make sense of the economy?

#7
post #5

I'm keeping an eye on initial jobless claims and BLS unemployment statistics. I'm concerned that it's a cascading effort as fewer workers means less spending means less earnings means fewer workers and the cycle continues. Obviously the government has levers to try to ease the pain (lower interest rates, pass stimulus bills), but it's not yet clear how sufficient these levers will be.

Yeah, that's a recession. But we'll probably see a lot of helicopter money going forward, and some sort of global New Deal in many countries after the virus is gone.

Re: Ask HN: What are you reading to make sense of the economy?

#10
Some podcast recommendations:

-Freakonomics (https://freakonomics.com/) has been making some good episodes about different aspects of the current crisis. The latest episode is about the food supply market, the one before is about the $2 trillion aid package.

-Planet Money (https://www.npr.org/sections/money/), which was created in 2008 to help make sense of the finantial crisis, is obviously focused on the crisis. Expect 20-30 minute episodes about economic topics in the news (some of the latest episodes include "The Big Small Business Rescue" and "The Economics Of Hospital Beds")

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