By: Andrew Moran If Coronavirus has taught Wall Street anything, it is that it will always have a friend in the Federal Reserve – like a Randy Newman tune. The central bank might be shy and coy at first, but the chief occupants of the Eccles Building will always open their arms and give the […]
Federal Reserve
Jerome Powell’s Japanese zombification of America in the age of COVID-19
By: Andrew Moran Federal Reserve Chair Jerome Powell has been on a rampage at the printing press since the United States contracted a severe case of the Coronavirus. Powell and his associates have not been shy about repeatedly rescuing financial markets with ultra-low interest rates, quantitative easing infinity, and even junk debt to shore up the […]
Random Friday: Commercial rent defaults, junk bonds, libertarian DIY face mask
News Story of the Day: It has been a blood bath in the rental market – both commercial and residential. It is estimated that retail landlords collect approximately $20 billion in rent every month. So far in April, rent collection has ranged between 15 and 30 percent. This is creating a domino effect: nine percent […]
SOCIALISM: Trump’s Federal Reserve is nationalizing the market
By: Andrew Moran With all this talk of flattening the curve, there is one meander that will never be straightened: The Federal Reserve’s balance sheet. What was tightening a little more than a year ago is now expanding at an unprecedented rate, topping $6 trillion in a single month. While Washington has placed everyone under indefinite […]
Cancel the inflation bomb? Deflation in the age of Coronavirus could happen
By: Frank Shostak So far in March, the data indicates that the yearly growth rate of our measure for US money supply (as measured by the AMS metric) stood at 10.5 percent against 6.6 percent in February and 1.7 percent in March last year. Given that the Fed is busy throwing money at the economy as if there were […]