It is fundamentally wrong to put the entire economy at the service of a single goal and to commit to a single solution. Human action always involves weighing up different goals and different means.
The COVID-19 panic may have sped up the beginning of this economic crisis, but the virus wasn’t the cause. The real cause of the crisis was the boom that came before it.
Wouldn’t you feel great knowing that your stock picking is fully insured by the Fed? Billionaires and wealthy hedge fund managers know the feeling.
The COVID-19 depression will expose the Las Vegas convention center bubble for what it is: a massive malinvestment.
The COVID-19 depression will expose the Las Vegas convention center bubble for what it is: a massive malinvestment.
Wouldn’t you feel great knowing that your stock picking is fully insured by the Fed? Billionaires and wealthy hedge fund managers know the feeling.
From New York to London to Brussels to Tokyo, central banks in the last two weeks have embraced a wide variety of extraordinary inflationary measures to prop up insolvent banks and governments.
The coronavirus crisis has unleashed two types of bankruptcies that are very different, have different causes, and should require different solutions.
The Fed's portfolio is now 35 percent larger from the time the Fed promised to "taper" back its portfolio and "normalize." It is increasingly clear that there will not be any normalization. Ever.
This year, as in 2006, the real estate industry is in denial about the state of the economy.
