Deaths from the global coronavirus pandemic soared past 21,000 on Wednesday, continuing on an exponential trajectory. In the United States, at least 247 new deaths were recorded and the number of new cases grew by…
Category: Economy
Nouriel Roubini warns there’s a risk of a ‘Greater Depression’ as coronavirus spreads The coronavirus pandemic is pushing the U.S. toward recession that’s increasingly at risk of morphing into something far more serious, economist Nouriel…
Imagine if the congress approved a measure to form a public-private partnership between the US Treasury and the Federal Reserve. Can you imagine that? Now imagine if a panicky and ill-informed Congress gave the Fed…
Governments throughout the world are now facing heavy activity by lobbyists seeking a bailout by their government. The activity is ferocious, and ferociously competitive, because some lobbies have bigger money backing them than others do, and…
The Fed is reopening its most controversial and despised crisis-era bailout facility, the Primary Dealer Credit Facility. The Wall Street Journal describes the PDCF as “an overnight loan facility for primary dealers (that) provides round-the-clock…
Coronavirus and globalism will teach us vital lessons. The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies. Coronavirus will teach us that a country without free…
1– Investors are cashing in and heading for the exits According to Bloomberg News: “Investors made their biggest dash for cash in history” in the last week. “They channeled $137 billion into cash-like assets and…
Last week’s violent gyrations in the stock market are the result of a tug-of-war between two well-represented groups of investors. One group thinks the Coronavirus will severely impact the global economy pushing stocks further into…
There is real power in the word “No.” In fact, I’d argue that it is the single most powerful word in any language. In the midst of the worst market meltdown in a dozen years…
There are three main reasons why stocks are falling hard. 1– Uncertainty. It’s impossible for investors to gauge the economic impact of the rapidly-spreading coronavirus or its effect on stock prices. Investors buy stocks with the expectation…
