EU faces ‘biggest test yet,’ Merkel says, as coronavirus strains continental bonds
But while she preached closer ties, Germany was blocking a “corona-bond” aid package proposed by the EU
Author: Kit Daniels
Covid-19 deaths in US soar past 10,000 amid mix of concerns over undetected casualties & cautious optimism
“Maybe that’s a good sign,” Trump said, citing the first drop in daily fatalities there as a “light at the end of the tunnel.”
The Fed Offers “Bread,” but No Circuses
The truth is that you and I need goods and services to live, not electronically printed dollars.
Japan Has Avoided a COVID-19 Panic. But the Global Recession Will Hit Hard
Japan has an excellent health system, a culture of not panicking and kicking in when times are hard, and a free and open press that allows for rapid dissemination of accurate information
The Pandemic Exposed the Frailty of the Financial System
Contrary to Fed assumptions, we are not presently facing a problem of liquidity vis-à-vis Great Recession; we are confronted, instead, with a serious shortage of quality collateral
How the Left Is Trying to Blame Capitalism for COVID-19 Deaths
The Left conveniently ignores dozens of state-dominated and state-controlled medical systems and decides that the lack of preparedness for COVID-19 was all the fault of those small slivers of healthcare systems that are actually privat
Coronavirus economic effects might last decades, research suggests
“Pandemics are followed by sustained periods—over multiple decades—of depressed investment opportunities,” researchers claim
‘Worst pandemic in century’ will wipe out more than $4 TRILLION from global economy – Asian Development Bank
Even the best-case scenario indicates a sharp rise in estimated economic fallout
We need to cut around 10 mln barrels per day of oil production, Russia is ready to act with US on oil markets – Putin
Oil prices jumped prior to Putin’s Friday announcement, after Trump spoke of a pending deal
Capital Accumulation: The Way to Increase Wages
Real higher wages can’t be created with a government fiat. Worker productivity must first be increased through greater investment
The Fed Is Running Out of Bubbles to Create
With each passing recession, the Fed finds it harder to refuel the last bubble, but the market moves on to the new bubble as the Fed keeps interest rates artificially low.
How Easy Money Is Increasing the Devastation of the COVID-19 Panic
Central banks have created a brittle economy without real savings and without much room to maneuver
Price Controls Mean Shortages, Even During Pandemics
Despite many attempts at doing so, governments have never been able to conjure up more goods and services through price controls and other regulations
Bureaucrats Can’t Fix This
Bureaucrats cannot conjure wealth from nothing
“You’re Spreading That Sh*t, That Coronavirus:” Man Drinks Out of Fruit Juice Bottles, Places Back on Store Shelves
This is why you don’t buy anything with a broken safety seal