Back From Vacation Mode (I Hope) — Brian Romanchuk

I need to get back to watching the data flow a bit more closely, but from what I saw of the U.S. labour market data, it seems that the activity drop is still being reversed. I have no doubt that some lasting damage was done, but the prime age employment-to-population ratio is back to where it was in the middle of last cycle. The economy was a long way from overheating then (particularly since it never managed to “overheat”), but it remains tricky to guess where we will be when the economy reverts to its more usual sluggish trend growth path.

Finally, I have a longer (free) piece on my Patreon. It is somewhat off the beaten path, so I put it there. It is about another reason for my personal productivity drop — the space economic (game) simulation, Prosperous Universe....

Bond Economics
Back From Vacation Mode (I Hope)
Brian Romanchuk