Power & Market
Don’t Forget about the TALF!
Does anyone remember, during the last financial crisis, the “evil bankers” who almost collapsed the entire financial system?
Another 2 Million Americans File Unemployment Claims, Bringing Total to 33 Million
The surge in unemployment isn’t over. New jobless claims data released today
Swiss National Bank Q1 2020: $94 Billion in US Equities
The Swiss National Bank owns approximately $94 billion of publicly traded US equities such as Facebook, Apple, Amazon, Netflix, and Google? Its top holding is in Apple, with over $4 billion worth of shares in the company.
Will COVID-19 Be a Generation-Defining Event?
Could the COVID-19 panic lead to a generational shift in culture comparable to those resulting from the Great Depression or the advent of the perso
A Note on Experts Who Advise Governments
It strikes me as not a coincidence that governments choose experts whose advice usually leads to increasing the power of the state and the prestige of the politicians who run those states.
The Problem with Universal Suffrage
Should minors be able to vote? They don’t pay income taxes; many don’t work, and most are dependent on others. But that describes many adult voters as well.
Total Employment Falls to Near 20-Year Low. It Will Likely Take Years to Recover.
As predicted by many, April's employment numbers were the worst ever recorded since the US government began making these estimates in 1939.
Coming This Month: A $750 Billion Corporate Bond-Buying Program
On the list of things that the government should not do, there must be a spot for the $750 billion corporate bond buying that is slated to begin th