News Story of the Day: Is China set to be the first country to hit the pause button on monetary stimulus in response to the coronavirus pandemic? Reuters is reporting that the People’s Bank of China (PBoC) is unlikely to pull the trigger on any other stimulus measures to support the economy, mainly due to the stronger-than-expected rebound in domestic activity. Also, central bank is reportedly keeping its additional ammunition ready in case it needs to fire off extra measures in the event of a US-China dispute and a global economic slowdown.
Chart of the Day: Is the USD/JPY currency pair the next pair to suffer a breakdown in the post-coronavirus economy? Here is a chart from Investing.com.
Illustration of the Day: If a carbon tax can cure climate change, then why not institute a COVID-19 tax to cure the virus outbreak?
Quote of the Day: Here is a great quote from a piece Thomas Sowell wrote in 2016:
Socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster.
Tweet of the Day: Hillary Clinton and her allies in the media still haven’t accepted the 2016 election results. Many leftists say they will not accept the 2020 results if they do not go their way. So, here’s something:
Joe Biden should be asked if he accepts the 2016 election results
— Will Chamberlain (@willchamberlain) July 24, 2020
Video of the Day: Wait, what? What is Joe Biden talking about with nurses and his nostrils?
From Corn Pop to the kids in the pool rubbing the hairs on his legs to this “Nurses would breathe in my nostrils to get me to move” 😳
You can’t make this up!pic.twitter.com/pqX1oVZ8hd
— 🇺🇸★ᴍɪᴄʜᴀᴇʟ★🇺🇸 (@MichaelT_45) July 23, 2020
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