Have the daily press briefings held by President Donald Trump become superfluous at this point? While the president is obviously enjoying himself (the other day it was two hours long!), journalists are ruining the integrity of their profession – if there is any left – after every media event. The press briefings have gone from […]
Archives for April 2020
MORTGAGE CRISIS: How the coronavirus will crash the mortgage market
By: Andrew Moran The 2006-2009 financial crisis was fueled by Washington’s desire to guarantee everyone a home and the Federal Reserve taking the advice of Paul Krugman to replace the dot-com bubble with a housing one. The U.S. central bank, the federal government, and the banks have facilitated another real estate fiasco, returning to their old ways […]
Federal Reserve’s Jerome Powell: ‘There is no limit of what we can do’
If you ever bet against the Federal Reserve, you might as well flush your money down the drain. It is like a casino: The house always wins. This is evident in the financial markets. Everything should be theoretically be in the red, but the central bank swooped in, pumped trillions into the economy, and rescued […]
Ben Bernanke warns of -30% GDP in Q1, Janet Yellen warns unemployment could go ‘quite a lot higher’
The former heads of the Federal Reserve System – Ben Bernanke and Janet Yellen – are warning about dire times ahead for the United States economy. Whether President Donald Trump reopens the economy or not, Bernanke and Yellen are sounding the alarm about falling gross domestic product, surging unemployment, and a recovery that will take […]
MADE IN CHINA: Will the global economy reduce dependence on Chinese goods after COVID-19?
By: Andrew Moran For the last 20 years, corporate America has shifted its manufacturing base to China, relying on the comparative advantage of low-wage labor to give Americans cheaper products and greater purchasing power. From apparel to electronics, a tidal wave of items gracing the label “Made in China” were exported to the U.S. and […]