The debt buildup continues to melt up, with another $483B in “stimulus” heading somewhere, after the previous $2T. And there will be more–count on it. And that doesn’t include the Fed’s monetary “whatever it takes” policy of buying bonds and other assets, to include state and local government debt. Fed assets are up over $2.5T […]
Archives
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Bailout vs Bankruptcy
26 Apr 2020
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Let’s not Waste the Coronavirus Crisis
16 Apr 2020
You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before. Rahm Emanuel Progressives boldly suggested that the 2008 financial crisis should not go to waste. As Rahm Emanuel argued, it was possible to use it as a […]
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Coronavirus. Is God still Good?
25 Mar 2020
Even as the health care crisis continues, and the Federal Reserve and the Congress and Administration are throwing everything they can to stop the bleeding, I want to stop and reflect on the bigger picture. On Monday, Al Mohler had a discussion on the difference between natural and moral evil, classifying the Coronavirus as a […]
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The Trump Administration continues to flounder in deciding what is needed to keep the economy going in the midst of the ongoing pandemic. Do we give everybody a check? How about a payroll tax cut? The difficulty arises from the very nature of this crisis and the abject misunderstanding of economics that macroeconomic theorizing has […]
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Fed’s Monetary Guns Keep Coming Up Empty
16 Mar 2020
S&P futures are limit (5%) down this morning, meaning no trade can occur pre-market opening that is not above the 5% down, and one ETF that tracks the S&P 500 is down 9%, indicating the bear market is still alive and well. This despite the Federal Reserve bringing out the big guns on Sunday by […]
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Coronavirus, Market panics, and Election 2020
09 Mar 2020
Markets are in a panic on Monday morning early, with Dow Futures down ~1300 and oil down another 20% (over fear of an oil glut), with the Saudis and Russians in disagreement on oil production levels. With global supply chains in a bit of chaos with Coronavirus, global output is going down for this first […]
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If it is wrong to preach race hatred—and it is—why is it right to preach class hatred? If it’s a crime to incite the public against a man simply because of the colour of his skin—and it is—why is it virtuous to do so just because of his position? The political organisation of hatred is […]
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Coronavirus and Financial Markets
02 Mar 2020
As I write this morning, markets (Dow Futures) are trending downward to open today by about 300 points, after going into correction (>10% down) territory in last week’s wild action. Mr. Trump is (once again) asking for the Fed to ride to the rescue. “This is something I think they should’ve done even beyond this […]
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It is a confusing time within the Democratic Party as the party struggles with identity. Yes the party of identity politics is having an identity crisis. The front runner, Bernie Sanders, is an avowed Democratic Socialist, and has been for years. He’s historically supported Castro, Ortega, Chavez, etc. and Democratic elites know that if he […]
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Mr. Trump’s Just Pardon
19 Feb 2020
In 1987, Michael Milken committed an unpardonable sin; he was reported to have made over half a billion dollars in income as the lead high-yield bond trader for Drexel Burnham Lambert (DBL). This is a fantastic amount today, of course, but in 1987 it was beyond comprehension. How could any one man do that? Clearly […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach