By: Noah Bonn Austrians and Libertarians are well-established critics of central banking in general, and emergency monetary stimulus in particular. There is near universal agreement that Alan Greenspan should not have cut rates following the Dot-Com Bubble, and that Ben Bernanke and Janet Yellen should not have quadrupled the monetary base following the Housing Bubble.1 Yet […]
Archives for March 2020
WATCH: The best of Joe Biden’s basement broadcasts
Former Vice President Joe Biden could annihilate President Donald Trump right now. It would be easy for a guy who does not need to campaign anywhere in the country, read from cue cards, and come up with clever attacks. Instead, Biden has made himself look even worse. To see just how badly he has performed […]
Dow Jones crashes 21.5% in Q1, the worst quarterly performance ever
Well, what a March it was. If you were day-trading, then you are a hero for still being alive in this market. What a quarter it was, too. What started as a year for more gains quickly metastasized into a blood bath. So, with Q1 winding down, here is how the market performed during the […]
The Great Inflation – How COVID-19 stimulus will trigger a spike in price inflation
By: Andrew Moran The big bazookas have been fired, the printing presses are running overtime, and the addicts on stock exchanges all over the world have received their narcotic injections to stay afloat until their next fix. Global institutions have shown the cards they had meant to play during the next significant financial crisis. They […]
BOTTOM? JPMorgan Chase says market has stabilized, anticipate recession-like pricing
Did financial markets bottom on March 23? JPMorgan Chase & Co. says the market has bottomed out and everything has been stabilized because of fiscal and monetary stimulus. Moving forward, anticipate recession-like pricing and nothing less. Bank strategists led by John Normand wrote in a research note: “Risky markets should remain volatile as long as […]