Where We Are Fall 2020

The St. Louis Federal Reserve Bank supports an important data center called FRED.

The following slide deck is developed from macroeconomic and financial data updated through early July 2020. These 14 or so slides represent an important and historic resource. In almost every case, recent numbers are record-breaking – in the wrong way, unfortunately.

To summarize, more than 12 million jobs have been lost since the beginning of 2020, even with some rebound. Trillions of dollars of GDP have been foregone, and the Federal Budget Deficit has increased by several trillion dollars. The US Federal Reserve Bank has pumped in more than double the amount of liquidity in a few months, as it did in 2008-2009.

These slides set a Baseline. Where do we go from here?

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