By: Andrew Moran Before the Coronapocalypse, the European economy was an anemic patient, white in the face and without any energy to mirror America’s monumental growth. Fast forward to the pandemic, and Europe is on life support. The smartest men and women in the room believe they have the panacea to rescue the eurozone: doing what it […]
Archives for June 2020
U.S. debt spiked 11.7% to $55.9 trillion in Q1 as COVID-19 decimated economy
Let the debt binge commence! If you thought it was just Uncle Sam gorging on debt, then you have not met the rest of the consuming public. According to the Federal Reserve data released on Thursday, U.S. debt spiked 11.7 percent in the first quarter to $55.9 trillion. Here is where the debt increases were […]
DOLLAR RALLY OVER: Greenback contracts as Fed pledges ZIRP, QE until COVID-19 is over
The U.S. dollar’s party was fun while it lasted, but now it is over. Officially. On Wednesday, the Federal Reserve made several key announcements: – Interest rates will remain in the target range of zero percent and 0.25 percent. – There will not be any rate hikes until 2022. – Unlimited quantitative easing is here […]
CONFUSED: What does ‘defund the police’ even mean?
Imagine if the group of fascist Antifa misfits ran community patrol? Yikes! When the left says to “defund the police,” does that really mean to defund the police? Not exactly, according to some Democrats. While this would be a libertarian delight, it is safe to assume that progressives do not really want to dismantle the […]
Will the GDP tell us anything about the coronavirus economic recovery?
By: Alasdair Macleod In seeking to measure everything, econometricians gave us the dubious gift of gross national product and gross domestic product, the latter being in fashion today and the former in times past. Although there are different ways of measuring it, GDP is commonly taken as a measure of spending, comprised of household spending, […]