Will be the first country to taper its ultra-aggressive monetary policy campaign in the aftermath of the coronavirus pandemic? As more countries either maintain their pandemic responses or expand their efforts, China could be at the beginning of reducing its Chinese-style quantitative easing efforts. The People’s Bank of China (PBoC) suggested on Monday that the […]
Money
WAR ON CASH: Is the coin shortage leading to a cashless society?
By: Stefan Gleason Many retail businesses including grocery stores and fast food restaurants have been wrangling with a national coin shortage. Some are posting notices informing customers that they will need to pay in exact change or use alternative payment methods such as credit cards. What’s driving this scarcity of quarters, dimes, nickels, and pennies? […]
Capitalism without central banks
By: Andrew Moran In traditional crime noir fashion, Van Heflin says in the 1942 film, Johnny Eager: “You knew when a woman loves you like that, she can love you with every card in the deck and then pull a knife across your throat the next morning.” This is how the stock market behaves – at […]
STUDY: 22% of PPP recipients will lay off workers as funds dry out
It turns out that the federal government failed to prevent unemployment in its astronomical stimulus and relief package. According to a new study by National Federation of Independent Business (NFIB), 22 percent of businesses that received funding from the Paycheck Protection Program will lay off workers. Because the economy is not reopening as rapidly as anticipated […]
RETAILPOCALYPSE: 8,700 stores have closed amid COVID-19 pandemic
The retailpocalypse is accelerating in 2020 amid the coronavirus pandemic. After years of an industry in decline, the sector may be on its last legs. Last year, more than 9,300 stores closed their doors. So far in 2020, more than 8,000 retailers have shuttered. A new forecast suggests as many as 25,000 could shut down […]