California’s unemployment claims are staggering

Things have not been going well for the Golden State recently. Among rolling blackouts, wildfires, and a Bay Area exodus the state also boasts exceptionally high unemployment. Over 6.3M Californians collected unemployment benefits based on the Department of Labor’s most recent weekly data – representing over 35% of the state’s covered employment*. Over half of …

The Wall St.-Main St. disconnect is global

One of the major themes in the crisis has been the growing disconnect between the US stock market and the reality of the economic crisis on average Americans. Around the world, global stocks in several key markets are also out of step with the economic pain felt in their domestic economies. In general, countries with …