United States: Weekly initial unemployment claims remain in the millions.
24% of Americans who were employed in February applied for unemployment benefits since March 20th. Note that many did not qualify.
Equities: US stock market outperformance vs. the rest of the world continues to widen (see reasons in #4 here).
Credit: In the first quarter, student loans still had the highest delinquency rates, but credit cards were not far behind (and will likely overtake student debt this year).
Rates: Let’s continue with the Fed’s unprecedented measures. Total balance sheet (approaching $7 trillion) and weekly changes:
Global Developments: Here’s central bank balance sheets as a percentage of GDP (2 charts).
Food for Thought: Unemployment changes vs. incumbent’s margin in US presidential elections:
Edited by Daniel Moskovits
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