By: Thorsten Polleit In an effort to “fight” the consequences of the politically orchestrated “lockdown,” the Fed pumps vast amounts of money into the economy. It injects base money into the banking system. It also monetizes outstanding debt and finances the US administration’s deficit spending policy by issuing new money. This not only increases “excess […]
Archives for May 2020
Ray Dalio: Printing money is the easiest way to resolve the debt crisis
Ray Dalio has probably been the most interesting man on Wall Street over the last six months. The billionaire investor has provided some interesting analysis that is difficult to find on Wall Street – some of it good, some of it not so good. For the latest chapter of his upcoming book, Dalio wrote in […]
STUDY: Half of small businesses say they will fail in six months amid coronavirus
Is it the end of small business? A new study suggests so. According to the results of a Society for Human Resource Management survey, 52 percent of small businesses expect to close their doors within the next six months. The poll further revealed that only one-third of smaller enterprises anticipate to continue operations for more […]
RETAILPOCALYPSE: J. Crew, Neiman Marcus start the tsunami of retail bankruptcies
By: Andrew Moran The brick-and-mortar retail industry was already in poor health before the Coronavirus paralyzed the global economy, but the virus has exacerbated the sector’s sickness. In the age of digital commerce, too many iconic retailers failed to adapt to changing market conditions, making bankruptcy an almost certainty. It took a highly infectious respiratory illness […]
Reports say U.S. considering defaulting on some or all debt owed to China over COVID-19
The United States government is considering different ways to punish China for its mishandling of the coronavirus pandemic. So far, President Donald Trump has hinted at slapping new tariffs on Beijing, which he says will not impact the phase-one trade deal that was signed earlier this year. But a so-called nuclear option might be on […]