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Pre-inaugural fiscal relief unlikely

I want to take stock of the economic landscape in the US now that the Thanksgiving holiday is past. There are three decisive variables in my view. The first is the ability of the healthcare system to deal with the coronavirus and keep…

Europe double dips as the US expands

Lockdowns are very destructive for growth. We know that from the record-setting declines in GDP from the first global lockdowns back in the Spring. And we are getting a renewed sense of that fact now as Europe's economy has contracted under…

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