Many investors are familiar with the VIX, or volatility index, that measures how much investors expect to see the S&P 500 index fluctuate.
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Jab economics - Hard questions as scientists and governments seek covid-19 vaccines | Finance
Editor's note: Some of our covid-19 coverage is free for readers of The Economist Today , our daily newsletter . For more stories and our pandemic tracker, see our hub
S LOWLY BUT surely the economic costs of the covid-19 pandemic are becoming clear. On July 30th America's statisticians revealed that the economy shrank by 9.5%, year on year, in the second quarter. Output in the euro zone fell even further. Even South Korea, which has managed the virus better than almost any other country, has not escaped a deep recession.
Here's 'the real surprise' in the July jobs report as economists react to the data -
The July jobs report on Friday showed the U.S. economy added 1.8 million jobs last month, with the unemployment rate falling to 10.2% from 11.1%.
Economists polled by MarketWatch had expected a gain of 1.7 million jobs and an unemployment rate of 10.6%
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Below are some initial reactions from analysts and economists, as U.S. stocks SPX, +0.06% DJIA, +0.17% opened in the red following the data.
• "Permanent job losses were steady, a positive sign, but remain higher than where they were pre-virus. Recovery in jobs to pre-pandemic levels will likely be slow and prolonged, one that will restrain the pace of recovery." — Rubeela Farooqi, chief U.S. economist at High Frequency Economics
College football is a study in suits, economics | Local Columns | santafenewmexican.com
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Trump signs COVID-19 economic relief actions - Roll Call
President Donald Trump on Saturday signed a series of executive actions intended to extend and expand COVID-19 relief, including suspending payroll tax collection and boosting federal support for unemployment benefits.
It wasn't immediately clear the legal authority under which the president was acting in making the orders, which came at a news conference at his country club in Bedminster, New Jersey. The president signed the orders before he was scheduled to fly to Long Island, New York, for high-dollar fundraisers in the Hamptons.
Fed's Kashkari advocates six-week economic lockdown to defeat the coronavirus
The U.S. economy needs an even more stringent shutdown than the last time if it's going to defeat the coronavirus, Minneapolis Federal Reserve President Neel Kashkari said.
March's lockdown, issued as the coronavirus became a pandemic, was not sufficiently stringent and has led to the U.S. lagging other stricter nations when it has come to containing Covid-19 , they said. The result "could make what we have experienced so far seem like just a warm-up to a greater catastrophe."
Free exchange - Dollar dominance is as secure as American global leadership | Finance &
Reserve-currency status is often cast as a matter of economic fundamentals. A reserve-currency issuer should play an outsize role in global trade, which encourages partners to draw up contracts in its currency. A historical role as a global creditor helps to expand use of the currency and encourage its accumulation in reserves. A history of monetary stability matters, too, as do deep and open financial markets. America exhibits these attributes less than it used to.
Debates about a changing of the guard are hampered by a dearth of historical comparisons. The replacement of one currency by another as the modern world's monetary bulwark has occurred precisely once—when the dollar overtook sterling. That makes identifying its critical causal factors nearly impossible. Economists once thought that network effects made reserve-currency status a winner-take-all affair.
How telemedicine became the most essential business in America today | Medical Economics
For their part, patients proved to be forgiving of technology glitches early on. Many were happy to see their doctors at all! But over time, that sentiment has waned. Today, patients have higher expectations for a seamless telehealth experience — otherwise, they'll seek care elsewhere.
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For those who have labeled telemedicine a " pandemic fad ," the data is not on your side. 83% of patients plan to use telemedicine after COVID-19 no longer presents a worldwide emergency.
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