The Credit Writedowns Newsletter

Share this post

Jobless claims show US coast is clear except for mutations

pro.creditwritedowns.com

Jobless claims show US coast is clear except for mutations

Edward Harrison
Feb 4, 2021
5
Share this post

Jobless claims show US coast is clear except for mutations

pro.creditwritedowns.com

Economically, I would say we're out of the woods for a recession now except to the degree mutant variants force new lockdowns. Four data points, real quick here.

  1. The 14-day change in hospitalization is -23%, with 91,440 hospitalizations at present. That's down from a peak over 130,000

  2. Initial jobless claims came in today at 779,000, moving the 4-week aver…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2023 Global Macro Advisors
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing