With no real end in sight to the coronavirus crisis, and millions of Americans out of work for an indefinite period of time, the US economy is set to enter perhaps its worst financial crisis since the Great Depression. The effects of the current economic shutdown will be felt for years, if not decades, to […]
Continue ReadingWhenever the Federal Reserve, or any government agency for that matter, intervenes in the economy, it is always going to end up picking winners and losers. Government intervention distorts economic activity, and very often in ways that are detrimental to the functioning of the economy. The Federal Reserve’s latest attempts at propping up the economy […]
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Whenever the Federal Reserve, or any government agency for that matter, intervenes in the economy, it is always going to end up picking winners and losers. Government intervention distorts economic activity, and very often in ways that are detrimental to the functioning of the economy. The Federal Reserve’s latest attempts at propping up the economy […]
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The only thing more surprising than how many governments went full Mao in shutting down their economies was how docilely most people accepted the restrictions. From businesses shutting down, to stay at home orders, to police enforcement of social distancing suggestions, Americans by and large have taken everything the government has said and declared at […]
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Two months ago no one would have thought that the United States would be all but shut down. But aside from grocery stores, hardware stores, and a handful of other essential businesses, most economic activity in the country has slowed to a crawl. Add to that the fact that over 75% of the population is […]
Continue ReadingHope springs eternal in the minds of many investors, who are optimistic that stock markets will regain their former high levels. But with the Dow Jones now closer to 20,000 points than 30,000 points, that isn’t likely. Still, there are major reasons not to invest in stocks and corporate bonds right now aside from just […]
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Hope springs eternal in the minds of many investors, who are optimistic that stock markets will regain their former high levels. But with the Dow Jones now closer to 20,000 points than 30,000 points, that isn’t likely. Still, there are major reasons not to invest in stocks and corporate bonds right now aside from just […]
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One of the big questions in the cryptocurrency world is how soon governments will create their own cryptocurrencies, digitizing their fiat currencies, or whether they will embrace cryptocurrencies at all. While some countries such as Venezuela have created their own cryptocurrencies for specific purposes such as evading sanctions, and China is reportedly still in the […]
Continue ReadingThe first quarter of 2020 was one of the worst ever for the Dow Jones and the S&P 500. And the first trading day of the second quarter saw the worst ever start for both indices, worse even than the worst days of the Great Depression. With stock markets thousands of points below their recent […]
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The first quarter of 2020 was one of the worst ever for the Dow Jones and the S&P 500. And the first trading day of the second quarter saw the worst ever start for both indices, worse even than the worst days of the Great Depression. With stock markets thousands of points below their recent […]
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