Life is not grand when you are a man in tights over at Robinhood. The popular commission-free brokerage account Robinhood is down during a raucous day on the stock market. As Apple and Tesla split their stocks — both stocks are up a whopping eight percent – a number of popular trading platforms suffered outages. […]
Archives for August 2020
Mao’s Red Guards and Today’s Radical Left
By: Andrew Moran Throughout history, tyrannies have been built on a confused but passionate youth searching for meaning, channeling that desire through coercion, violence, and subservience to a lethal cause. During the 20th century, totalitarian states spawned a myriad of youth-led movements to carry out the aims of a dictator and advance socialist philosophies. Emboldened […]
Federal Reserve expected to increase 30-year Treasury purchases
As the United States government goes deeper into debt, the Federal Reserve is monetizing the red ink. This week, the U.S. central bank is widely expected to ramp up its purchases of long-dated Treasury bonds after it confirmed last week that it would let inflation run higher than the two percent target rate. The Fed […]
Are Republican states leading America’s post-coronavirus economy?
By: Andrew Moran The national lockdown has sparked economic destruction from coast to coast, although some states have handled the devastation better than others. But does the political color of a state – red or blue – matter in today’s post-Coronavirus economy? Some jurisdictions are still trying to reopen their economies, while others are thriving amid […]
INSOLVENT: Corporate bankruptcies on the rise in post-coronavirus economy
We recently reported that a lot of small businesses plan to close their doors if economic conditions do not improve in the fallout of the coronavirus pandemic. What about large corporations? Well, here is a chart that shows the spike in corporate bankruptcies, many of which have liabilities north of $1 billion. And check out […]