March 5, 2021 – Icarus Signals. The home of economic insight

Nasdaq Ends Sharply Lower After Powell Comments

Posted on March 5, 2021 by TeamIcarus | 0 Comments

(Reuters) - Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors…

Government Transfer Payments Distort Personal Income in January

Posted on March 5, 2021 by TeamIcarus | 0 Comments

Personal income jumped 10.0 percent in January, boosted primarily by a 52.0 percent surge in personal transfer payments, according to data from the Bureau of Economic Analysis (see first chart).

Wall Street Drops As High-Flying Tech Stocks Retreat

Posted on March 5, 2021 by TeamIcarus | 0 Comments

(Reuters) - The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery on…

Should We Rethink Macroeconomics?

Posted on March 5, 2021 by TeamIcarus | 0 Comments

Critiques of mainstream macroeconomics are common among Austrian economists. In a new book, titled Macroeconomics as Systems Theory, Richard Wagner goes further.

Early Signs COVID-19 Vaccine Jab ‘Clobbers’ More Transmissible Variants

Posted on March 5, 2021 by TeamIcarus | 0 Comments

London: British researchers say there is growing evidence that the full two courses of existing vaccines will “clobber” the more transmissible strains of COVID-19 — a development that could help unlock…