We don’t have great direct measures of layoffs, but new claims for unemployment benefits are a good proxy. Goldman Sachs expects those to soar to an unprecedented 2,250,000 this week, reflecting what happened last week. Because of how the data are collected, the unemployment numbers from March will not include data from last week’s meltdown. The stock marketIn the absence of other data, we’ve been forced to rely on the stock market as a proxy for the country’s financial health. The Treasury flipAnd, of course, no list is complete without 10-year Treasury bond yield and the real (or inflation protected) Treasury yield.

Source: Washington Post March 23, 2020 10:05 UTC