Wait a minute. Supermarkets are running out of toilet paper again? It turns out that the country is running low on the most important commodity in the bathroom. Reportedly, households across the United States are panic-buying and making defensive purchases. Walmart is reporting shortages of cleaning supplies, breakfast food, and toilet paper. “It really does […]
Money
U.S. Treasury allows several Fed emergency lending facilities to expire Dec. 31
Will the U.S. financial markets trigger a massive selloff on Friday? After the Treasury Department approved allowing several of the Federal Reserve’s emergency lending facilities expire on December 31, the stock market could bleed red ink. Writing in a letter on Thursday night, Treasury Secretary Steven Mnuchin confirmed that the Fed’s emergency lending facilities would […]
WOW: Global debt to hit record $277 trillion amid pandemic response
Governments and central banks all over the world have printed and spent tens of trillions of dollars in response to the coronavirus pandemic. Has this been money well spent? Not at all. But Keynesians and statists (cough Paul Krugman cough) think governments should spend even more than they are right now. With interest rates at […]
STUDY: Only 46% of Americans say they would take coronavirus vaccine
Pfizer and Moderna are set to produce effective two-dose coronavirus vaccines. But while the announcements triggered a rally in the global financial results, the paucity of individuals willing to be guinea pigs may place a cap on the gains. According to a new Harmony Healthcare IT study of 2,000 Americans, fewer than half (46 percent) […]
Are you working from home? Deutsche Bank wants to tax you
What the heck is thinking Deutsche Bank thinking? When the financial institution is not too busy getting involved in some new scandal, the folks at the bank come up with ways to hurt the public. Here’s what’s happening right now, according to CNBC. A Deutsche Bank survey discovered that more than half of workers wanted […]