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Jobless Friday
Another day, another rude awakening. The 701,000 jobs loss for March was the worst monthly drop since the bottom of the Great Recession, when the
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Jobless Friday
Another day, another rude awakening. The 701,000 jobs loss for March was the worst monthly drop since the bottom of the Great Recession, when the
Not Your Grandfather’s Recession
Based on today’s shocking 6.6 million of new unemployment claims, we’d bet they’ll be some explosive political fireworks soon in this country about Covid-containment versus
Covid-Fever In The Imperial City
Could we please keep Chris Cuomo quarantined in his basement without any CNN cameras, the Donald’s big fat motor mouth locked hard on idle, the
Covid-19 And The Blithering Folly Of Nationalizing The Credit Markets, Part 1
When it comes to the Covid-19 pandemic itself, there are actually two Americas—the tri-state region of New York, New Jersey and Connecticut and all the
The Real Pandemic—Government Spending Unhinged
When it comes to pandemics, we can see what appears to be light at the end of the tunnel with respect to Covid-19. But owing
Day Of Shame: House Approves $2 Trillion Everything Bailout On Voice Vote, Part 4
Did we say it’s getting stupid crazy down there in the Imperial City?
Contrarian Reads
Ooooops! $5 Trillion Wiped Out From World Stocks Amid Fastest Collapse In History
The Dow Jones just saw its fastest collapse from an all-time peak since 1928, just ahead of The Great Depression.
Europe’s Central Bankers—Keep On Denying Their Lying Eyes
It would have been hard to, but it’s not beyond the capacities of central bankers to deny their lying eyes. In fact, it seems the
Our Triple-C Rated Economy: Complacency, Contradictions, And Corona
Consider the virus is now spreading rapidly to other suppliers of U.S. goods and services such as Korea, Japan, and Italy. What might not be
It’s The Virus, Stupid!
Of course it’s lovely that at the very moment China – falsely- claims to be regaining control, markets worldwide sink into a deep well and
Things Are Cratering
The second to crater was global bond yields. In this case, 10-year US Treasuries hit a low of under 1.36%, although we are back up
Supply Chain Disruption Escalates: Proctor And Gamble Says Over 17,000 Products Potentially Impacted By Coronavirus
Proctor and Gamble, one of the world’s biggest “everyday product” manufacturers, has now officially warned that 17,600 of its products could be affected and disrupted