By: Andrew Moran In the middle of this pandemic, milk is poured down the drain, livestock is euthanized, and vegetables are plowed over. Supermarket shelves are not as well-stocked as they were only a few months ago, while food banks are having difficulty meeting the uptick in demand. It is so rough out there that […]
Archives for May 2020
THANKS FED: U.S. corporate borrowing surges as companies issue $1 trillion in bonds this year
Thanks to a zero-interest-rate-policy (ZIRP) employed by the Federal Reserve, corporations are borrowing like it’s nobody’s business! According to Bank of America Global analysts, highly rated companies are borrowing at the fastest pace in a year as new bond issuance has topped $1 trillion in just five months. Of course, you can thank the Federal […]
RETAILPOCALYPSE: Victoria’s Secret to close 23% of North American stores in 2020
Will you return to a brick-and-mortar store once the lockdown is lifted? Better yet, could you afford to? The retailpocalypse is intensifying in the post-Coronavirus economy. J. Crew, Neiman Marcus, and J.C. Penney have gone bankrupt. Others are shuttering their doors, including Victoria’s Secret. The lingerie company announced on Thursday that it is closing 23 […]
Democide or COVID-19? The death of small business in a post-coronavirus economy
By: Andrew Moran Small business is the heartbeat of the United States, pumping life into the economy by employing half the labor force’s workers and cultivating thousands of communities nationwide. But the entrepreneurial spirit that defines America is now on life support. Millions of owners are at risk of losing everything they have worked for because the […]
Treasury’s 20-year bond auction was a success – Is a 50-year bond next?
Now that the U.S. government has learned that the first 20-year Treasury note since 1986 was successful, is a 50- or 100-year bond next? The Treasury Department announced that the $20 billion auction was sold at 1.220 percent. Primary dealers were given 24.6 percent, indirect bidders received 60.7 percent, and direct bidders got 14.7 percent. […]