Populism Germany style: “When saving makes you poor: zero interest rates are destroying the wealth of Germans.” Today’s cover of @DerSPIEGEL , Germany’s most important weekly magazine. The lead article is less biased, but is it responsible to further feed populist sentiment?

Calling for a temporary ban on data visualization until we figure out what is going on

US and Euro area firms are funded so differently. Europe is much more bank dependent. This has large implication on central bank/fiscal policy programs. Chart via Torsten Slok.

If you want to know the total number of initial claims for UI filed this week, you have to add now-available Pandemic Unemployment Assistance claims number (583,699) to claims filed under regular programs (2,849,090), using NSA data since PUA can't be adjusted, to get 3,432,789

Great poem with pandemic email jargon!

part of Eiji Goto dissertation defense today, first time for a student! thanks to Tara Sinclair for inviting me PS Eiji was one of my 21 macro peeps, my tweet on his paper: x.com/Claudia_Sahm/s… PPS proud of them all, summaries here: macromomblog.com/2019/12/15/joy…

Kathryn Blanchard JMP: "The Effect of Parent PLUS Loans on Student Outcomes" Website: sites.google.com/gwmail.gwu.edu…

Let's do five o'clock tea or how to become a false Brit Unite Students #UniteMugShot