The U.S. labor market is going to be a blood bath by the time everything peaks, warns the Federal Reserve. In a new analysis by the central bank, the Wuhan coronavirus economic crisis could cost 47 million jobs and raise the unemployment rate to 32 percent. Because there are 67 million jobs at risk of […]
Archives for March 2020
As Thomas Massie gets crucified by the public, Congress rubber stamps $2.2 trillion stimulus bill
By: Ryan McMaken It seems that a great many Americans pine for dictatorship. How else to explain the outrage over the fact that a member of Congress has requested that the Congress actually vote on the largest spending bill in human history? It seems the preferred method of lawmaking now is to have a small […]
Dr. Fauci estimates 200k American deaths as a result of COVID-19
If there is one primary issue in the way the Trump administration is handling the coronavirus situation it’s the lack of clarity and consistency. In January, a vaccine was apparently in development and everything was going to be fine. By February, the U.S. was supposed to have a few cases and then just come to […]
Saudi Arabia, COVID-19 cancel America’s energy revolution – for now
By: Andrew Moran Oil recently suffered its most significant weekly loss since 1991, crashing 29% to below $20 per barrel. A toxic concoction of cratering global demand due to the Coronavirus pandemic and Saudi Arabia and Russia throwing tantrums like petulant children caused the plunge. With prices at unsustainable levels for most oil companies, does this mean an end […]
JAPANIFICATION: Federal Reserve could buy stocks as part of QE infinity
The Japanification of the United States continues? The Federal Reserve might take a page out of the playbook from the Bank of Japan (BoJ) and the People’s Bank of China (PBoC) and become a shareholder in American companies. Last week, the U.S. central bank announced quantitative easing infinity that consists of buying assets without any […]