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Author: Economics Department

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Economic Trends

Weekly Chemistry and Economic Trends (April 24, 2020)

April 24, 2020

Negative interest rates, negative oil. What’s next? The reports this week were few in number and were eclipsed by volatility in the price of the U.S. benchmark oil price (WTI) which turned negative on Monday as May contracts came due and...

Economic Trends

Weekly Chemistry and Economic Trends (April 17, 2020)

April 17, 2020

The reports this week confirmed that the U.S. has entered the worst recession that most Americans have ever experienced. The week saw a slew of historic or record-breaking negative results for March when much of the U.S. entered an unprecedented...

Economic Trends

Weekly Chemistry and Economic Trends (April 10, 2020)

April 10, 2020

There were fewer economic reports this week and they were decidedly negative. Wholesale trade declined in February as did global semiconductor sales. Small business optimism featured its largest monthly decline in the survey’s history and the...

Economic Trends

Weekly Chemistry and Economic Trends (April 3, 2020)

April 3, 2020

There were many economic reports this week and most were decidedly negative. Labor market indicators are starting to show the painful impact of the abrupt slowdown in economic activity. Initial jobless claims surged last week to 6.6 million, orders...

Economic Trends

Weekly Chemistry and Economic Trends (March 27, 2020)

March 27, 2020

Not surprisingly, the reports this week were negative and reflect the deepening repercussions of the Covid-19 pandemic. First, the horrific: new unemployment claims rose by 3.001 million, from 282,000 to 3.283 million, a record high surpassing the...

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