Every day seems to bring yet another state whose governor decides to follow the crowd and issue a stay-at-home order. And while many Americans would willingly thumb their noses at such orders, the fact is that so many businesses have shut down that there just isn’t anything to do outside the house. There are only […]
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If there were ever a silver lining to the coronavirus, it’s that it has acted to separate the wolves from the sheep. The fear of the virus has been so whipped up by stories circulating on the internet that even people who once professed to love liberty and traditional conservative values have become rabid authoritarians […]
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With the flurry of actions the Fed undertook over the past few weeks to supposedly “stabilize” financial markets, one very important action has flown under the radar. And it’s one that could have a very debilitating effect on US banks and the entire financial system. One of the elements of monetary policy that central banks […]
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With the recent turmoil in financial markets, cryptocurrency prices saw much the same roller coaster movements as stocks, gold, and numerous other assets. Those price movements, which included significant bouncebacks from lows, resulted in record traffic and trading volume on numerous cryptocurrency exchanges, proving that not only is there still significant interest in cryptocurrencies, but […]
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Congress voted last week on a $2 trillion fiscal stimulus bill, which it claimed would help the country through the self-inflicted crisis resulting from the economic shutdown over the coronavirus. The bill is the largest single spending bill passed in history, and will add nearly 10% to a national debt that is already over $23 […]
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One of the most disconcerting things about the reaction to the economic crisis surrounding the spread of coronavirus is just how involved the Federal Reserve has been in the process. The Fed has now exceeded the extent of its involvement from 2008, opening new facilities and engaging in the purchase of corporate bonds and even […]
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Many investors have undoubtedly heard of the Federal Reserve System, even if they may not know exactly how it operates. But fewer have heard of the Federal Open Market Committee (FOMC), which actually makes the monetary policy decisions that the Fed carries out. The FOMC consists of the seven members of the Board of Governors […]
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If the failure of the Soviet Union should have taught us anything, it was that central planning was and always will be a failure. The inability of central planners to replicate the functioning of a market economy was well known, yet the Soviets and their fellow travelers around the world insisted that centralized decision-making would […]
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With stocks having been hammered in recent weeks, demand for gold has skyrocketed among investors looking to protect their investments. In fact, demand has increased so much that supplies of physical gold coins at most dealers have all but dried up. Try looking for gold coins online and you’ll be hard pressed to find any […]
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With stock markets having been on a roller coaster over the past few weeks, and numerous investors undoubtedly watching their 401(k) balances in horror, financial markets haven’t been too kind to most people. Couple that with the prospect of GDP falling almost 25% as a result of business shutdowns due to coronavirus, plus an increasing […]
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