By: Andrew Moran Statism has made its return, and it is uglier than ever before. A cash-strapped Washington is writing checks to millions of Americans, the Federal Reserve is printing trillions of dollars to pump into the system, and leftist politicians are demanding the installation of a filing cabinet full of progressive goodies. President Donald Trump, not exactly a […]
Archives for March 2020
Morgan Stanley forecasts 30% GDP contraction, 12.8% unemployment rate in Q2
Early estimates suggested that the U.S. economy would experience a minor bump from the COVID-19 pandemic. Now that the coronavirus has produced such devastation, forecasts are being modified. According to Morgan Stanley economists, the gross domestic product (GDP) will plunge 30.1 percent in the second quarter, lifting the unemployment rate to as high as 12.8 […]
MOAB: Federal Reserve unleashes unlimited quantitative easing to fight COVID-19 market crash
The Federal Reserve has fired off the mother of all bombs: unlimited quantitative easing. Before the opening bell on Monday, the U.S. central bank announced that it is prepared to purchase assets “in the amounts needed” to contain the economic fallout from the Wuhan Coronavirus pandemic. The Fed is essentially abandoning its $700 billion QE […]
Random Friday: Fed buys muni-bonds, a market bottom?, Milton Friedman on crisis
News Story of the Day: Federal Reserve is expanding its asset purchasing program at the municipal level. The U.S. central bank announced on Friday that it will begin to buy state and municipal bonds as part of its latest quantitative easing efforts (four or five?). The Fed has just been acquiring Treasurys and mortgage-backed securities, […]
Wet markets, bats, COVID-19 – Another pandemic in the making?
By: Andrew Moran Across Asia, many shopping districts sell exotic animals from all over the world in hot, humid, cramped, unsanitary, and torturous conditions. A Botswana meerkat, an American badger, an Amazon jungle bat – these are the types of species you will come across in the thousands of wet markets on the continent. Could […]