Key Focus

  • A record-breaking fiscal package and $6 trillion Fed balance sheet underscore the U.S. These important programs may keep a cascading network collapse from being even worse.
    The U.S. Federal Government and the Federal Reserve have moved at a rapid pace to provide massive economic support to the U.S. economy as it deals with the economic damage from the COVID-19 global pandemic.
    The fiscal response is a record-breaking $2 trillion economic support package, while the Fed has added almost $2 trillion to its balance sheet, taking it to nearly $6 trillion (or 30% of GDP)
  • This will be a phase of assessing the severity of the financial distress and making adjustments. There are parts of the economic support packages that address these challenges, especially the Fed's support of the mortgage market, money market funds, primary dealers, and central bank swap facilities.
    The Next Phase
    We need to note, though, that loans, asset purchases, and temporary paycheck support programs are bridges to allow consumers and companies to stay afloat and come out the other side
  • We have disruptions in supply chains, transportation, tourism, consumer demand, etc., that feed on themselves.
    Read More: Policy Analysis Through the Lens of Phase Transitions
    Many of the measures introduced by the Fed and the federal government, such as loans to companies and paycheck replacement programs are aimed at containing the damage from the cascading network collapse


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High Level Topics

  • ECONOMIC
  • FED
  • FEDERAL
  • ECONOMIES
  • High Level Abstractions

  • ECONOMIC(5, 0 Order)
  • ( ECONOMIC )(5, 0 Order)  top
  • ( ECONOMIC, FED )(3, 1st Order)  top
  • ( ECONOMIC, RECORD-BREAKING )(1, 1st Order)  top
  • ( ECONOMIC, COLLAPSE )(3, 1st Order)  top
  • ( ECONOMIC, CASCADING )(3, 1st Order)  top
  • ( ECONOMIC, NEXT_PHASE )(1, 1st Order)  top
  • ( ECONOMIC, NETWORK_COLLAPSE )(1, 1st Order)  top
  • ( ECONOMIC, MORTGAGE )(1, 1st Order)  top
  • ( ECONOMIC, KEEP )(1, 1st Order)  top
  • ( ECONOMIC, GLOBAL )(1, 1st Order)  top
  • ( ECONOMIC, GDP )(1, 1st Order)  top
  • ( ECONOMIC, GASEOUS )(1, 1st Order)  top
  • ( ECONOMIC, FEDERAL_RESERVE )(1, 1st Order)  top
  • FED(3, 0 Order)
  • ( FED )(3, 0 Order)  top
  • FEDERAL(2, 0 Order)
  • ( FEDERAL )(2, 0 Order)  top
  • ECONOMIES(3, 0 Order)
  • ( ECONOMIES )(3, 0 Order)  top
  • References

    • ( ECONOMIC )  top
    • ( ECONOMIC, FED )  top
    • (Read more)   topA record-breaking fiscal package and $6 trillion Fed balance sheet underscore the U.S. These important programs may keep a cascading network collapse from being even worse.
      The U.S. Federal Government and the Federal Reserve have moved...
    • (Read more)   top
      Many of the measures introduced by the Fed and the federal government, such as loans to companies and paycheck replacement programs are aimed at containing the damage from the cascading network collapse
    • (Read more)   topThis will be a phase of assessing the severity of the financial distress and making adjustments. There are parts of the economic support packages that address these challenges, especially the Fed's support of the mortgage market, money market funds, primary dealers, and central bank swap facilities.
      The Next Phase
      We need to note, though, that loans, asset purchases, and temporary...
    • ( ECONOMIC, RECORD-BREAKING )  top
    • (Read more)   topA record-breaking fiscal package and $6 trillion Fed balance sheet underscore the U.S. These important programs may keep a cascading network collapse from being even worse.
      The U.S. Federal Government...
    • ( ECONOMIC, COLLAPSE )  top
    • (Read more)   topA record-breaking fiscal package and $6 trillion Fed balance sheet underscore the U.S. These important programs may keep a cascading network collapse from being even worse.
      The U.S. Federal Government and the Federal Reserve have moved at a rapid pace to provide massive economic support to the U.S. economy as it deals with the economic...
    • (Read more)   top
      With the current economic downturn, world economies are experiencing a phase transition that is similar to what network theory would refer to as a cascading network collapse.
    • (Read more)   top
      Many of the measures introduced by the Fed and the federal government, such as loans to companies and paycheck replacement programs are aimed at containing the damage from the cascading network collapse.
    • ( ECONOMIC, CASCADING )  top
    • (Read more)   topA record-breaking fiscal package and $6 trillion Fed balance sheet underscore the U.S. These important programs may keep a cascading network collapse from being even worse.
      The U.S. Federal Government and the Federal Reserve have moved at a rapid pace to provide massive economic support to the U.S. economy as it...
    • (Read more)   top
      With the current economic downturn, world economies are experiencing a phase transition that is similar to what network theory would refer to as a cascading network collapse.
    • (Read more)   top
      Many of the measures introduced by the Fed and the federal government, such as loans to companies and paycheck replacement programs are aimed at containing the damage from the cascading network collapse.
    • ( ECONOMIC, NEXT_PHASE )  top
    • (Read more)   top
      The Next Phase
      We
      need to note, though, that loans, asset purchases, and temporary paycheck support programs are bridges to allow consumers and companies to stay afloat and come out the other side
    • ( ECONOMIC, NETWORK_COLLAPSE )  top
    • (Read more)   top
      Cascading Network Collapse
      With
      the current economic downturn, world economies are experiencing a phase transition that is similar to what network theory would refer to as a cascading network collapse
    • ( ECONOMIC, MORTGAGE )  top
    • (Read more)   top There are parts of the economic support packages that address these challenges, especially the Fed's support of the mortgage market, money market funds, primary dealers, and central bank swap facilities.
      The Next Phase
      We need to note, though, that loans, asset purchases, and temporary paycheck support programs...
    • ( ECONOMIC, KEEP )  top
    • (Read more)   topA record-breaking fiscal package and $6 trillion Fed balance sheet underscore the U.S. These important programs may keep a cascading network collapse from being even worse.
      The U.S. Federal Government and the Federal Reserve have moved at a rapid pace to provide massive economic support to the U.S. economy...
    • ( ECONOMIC, GLOBAL )  top
    • (Read more)   top... U.S. Federal Government and the Federal Reserve have moved at a rapid pace to provide massive economic support to the U.S. economy as it deals with the economic damage from the COVID-19 global pandemic.
      The fiscal response is a record-breaking $2 trillion economic support package, while the Fed has added almost $2 trillion to its balance sheet, taking it to nearly $6 trillion (or 30%...
    • ( ECONOMIC, GDP )  top
    • (Read more)   top
      The fiscal response is a record-breaking $2 trillion economic support package, while the Fed has added almost $2 trillion to its balance sheet, taking it to nearly $6 trillion (or 30% of GDP).
    • ( ECONOMIC, GASEOUS )  top
    • (Read more)   top Think of a pot of water boiling and the bubbles forming in chaotic manner on the surface of the liquid as they move into their new gaseous state.
      Cascading Network Collapse
      With the current economic downturn, world economies are experiencing a phase transition that is similar to what network theory would refer to as a cascading...
    • ( ECONOMIC, FEDERAL_RESERVE )  top
    • (Read more)   top
      The U.S. Federal Government and the Federal Reserve have moved at a rapid pace to provide massive economic support to the U.S. economy as it deals with the economic damage from the COVID-19 global pandemic.
      The fiscal response is a record-breaking...
    • ( FED )  top
    • (Read more)   topUnderstanding the Massive COVID-19 Economic Response and Next Phase BLU PUTNAM FOR CME GROUP Published on April 22nd, 2020 . A record-breaking fiscal package and $6 trillion Fed balance sheet underscore the U.S. These important programs may keep a cascading network collapse from being even worse. The U.S. Federal Government and the Federal Reserve have moved...
    • (Read more)   top... chains, transportation, tourism, consumer demand, etc., that feed on themselves. Read More: Policy Analysis Through the Lens of Phase Transitions Many of the measures introduced by the Fed and the federal government, such as loans to companies and paycheck replacement programs are aimed at containing the damage from the cascading network collapse
    • (Read more)   topThis will be a phase of assessing the severity of the financial distress and making adjustments. There are parts of the economic support packages that address these challenges, especially the Fed's support of the mortgage market, money market funds, primary dealers, and central bank swap facilities. The Next Phase We need to note, though, that loans, asset purchases, and temporary...
    • ( FEDERAL )  top
    • (Read more)   top... transportation, tourism, consumer demand, etc., that feed on themselves. Read More: Policy Analysis Through the Lens of Phase Transitions Many of the measures introduced by the Fed and the federal government, such as loans to companies and paycheck replacement programs are aimed at containing the damage from the cascading network collapse
    • (Read more)   top... cautious re-starts of their businesses. Workers will not return to their old jobs all at once. State and local government finances have been hit hard, and they will need more grants from the federal government to avoid an extended period of layoffs, as happened after the Great Recession. Unfortunately, the rebuilding phase may take considerable time, the pace of growth may be much slower than many...
    • ( ECONOMIES )  top
    • (Read more)   top We are in an economic state that might be best characterized as "far from equilibrium," a term coined by Dr. John Rutledge, my former professor, colleague and friend. Rutledge argues that economies are in a major phase transition, such as when physicists analyze there is a state change, say, going from a liquid to a gas. We understand the properties of a liquid and how they differ from...
    • (Read more)   top ... and the bubbles forming in chaotic manner on the surface of the liquid as they move into their new gaseous state. Cascading Network Collapse With the current economic downturn, world economies are experiencing a phase transition that is similar to what network theory would refer to as a cascading network collapse
    • (Read more)   top ... Next Phase We need to note, though, that loans, asset purchases, and temporary paycheck support programs are bridges to allow consumers and companies to stay afloat and come out the other side. As economies move into the phase of rebuilding the network, there are few programs, yet, to assist this process. Supply chain disruptions will still abound