Economy

Mainstream narrative not based on reality

This virus could become a “permanent crisis”, and without a doubt the elite are already trying to use it to fundamentally reshape our society

"Businesses were supposed to use it to retain workers"

Specter of defaults, bankruptcies lingers amid skyrocketing corporate debt

If fear of COVID-19 can cause this much chaos for our food distribution systems, what will happen once a much more severe crisis hits us?

Money printing, government spending, happening on a much grander scale

There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.

Leaving aside the fact there's no evidence lockdowns actually work, we can nonetheless look to past pandemics

The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.

Price inflation is so difficult to predict because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.

BofA chief asks why anyone would expect stocks to trade rationally

What we have experienced so far is just the beginning…

Prices determined in the marketplace are absolutely essential to a functioning economic system. This is no less true if today's property was redistributed unjustly in the past. Market prices today are the path to recovery

Past experience shows that although pandemics do weaken economic growth, the current economic disaster is the result of forced "lockdowns," not the virus itself

Thanks to past interventions, the economy is now rife with malinvestments and prices that don't reflect real demand. The solution is to allow deflation and other types of painful readjustment. Otherwise true growth will elude us

It is going to be a very dark chapter for our nation

Middle market "Main Street" program proves to be one of the trickiest projects the Fed has ever taken on

WTF?

Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts

The difference between modern economics and proper economic thinking lies in taking the step that comes after arriving at the "unseen," to the "unrealized"

"It’s not quite a new Cold War yet"

Elon Musk trying to spur orders at a time when new competition is emerging

For decades, our national leaders have been leading us down a road that leads to national oblivion

"We’re not out of ammunition by a long shot"

"It's not a crisis until it becomes one"

The growth in the money supply in recent months is in part tied to the fact that the Federal Reserve grew more accommodative in late 2019

The research predicts Bezos will become a trillionaire in 2026

This means that the U.S. has to be extra cautious about making any serious changes to current oil production patterns because the ship can be slow and difficult to right

Total restaurant reservations, walk-in customers have fallen 95%

New coronavirus bill also forgives student loan debt

Over 36 million have filed for unemployment since lockdown began

Coronavirus lockdown drastically impacting markets

Graduate student workers to see stipends increased on taxpayer dime

At some point this coronavirus pandemic will fade, but there will be no running away from the consequences of decades of exceedingly foolish decisions

Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction