Believe all women? Not if they are coming out against someone who has a chance to oust President Donald Trump from the White House in a few months. Apparently, The New York Times is ditching this motto because now a man trying to unseat President Trump is charged with sexual assault. Recently, Tara Reade officially […]
Archives for April 2020
Cancel the inflation bomb? Deflation in the age of Coronavirus could happen
By: Frank Shostak So far in March, the data indicates that the yearly growth rate of our measure for US money supply (as measured by the AMS metric) stood at 10.5 percent against 6.6 percent in February and 1.7 percent in March last year. Given that the Fed is busy throwing money at the economy as if there were […]
Will America be closed for 18 months? Fed’s Neel Kashkari warns to get ready
Until the Federal Reserve prints a vaccine, its unlimited quantitative easing will only benefit the United States stock market and that is it. This means economic growth, consumer spending, and employment will remain depressed until the pharmaceutical industry develops a Coronavirus vaccine. Does this mean the nation will be under lockdown for an entire year? […]
CHART: The G7 central banks’ quantitative easing efforts in March
During the economic collapse more than a decade ago, the central banks fired off the big guns to contain the situation. They were apparently blind to what was happening so their reactions were a bit late and extended the meltdown. This time, the Federal Reserve and its merry band of money-printers went into warp drive […]
STUDY: Q2 GDP to contract 25%, unemployment rate to top 12%
The first quarter gross domestic product will inevitably contract between 20 and 40 percent. What about the second quarter? The next three months might seem like a lifetime away, but life comes at you pretty fast. According to a new survey of economists by Bloomberg, America’s GDP and unemployment rate are once again expected to […]