Scott McCartney examines the effects COVID-19 will have on the travel industry in The Wall Street Journal, writing: Most foresee a lasting decline in business travel, but think leisure travel will bounce back robustly. That means airlines and hotels will have to change their business plans, being unable to rely as much on rich revenue […]
Gold: Insurance Against Hyperinflation
Originally posted March 20, 2020. The world’s most extraordinary episode of hyperinflation happened between 1919 and 1922 in post-World War I Germany. To get the full picture of the events that led to rapid inflation by Germany’s post-World War I ruling regime, the so-called Weimar Republic, you have to go back to the Franco-Prussian War, […]
What’s Up with the Economy?
Unemployment is running at over 13%, but much of the economic data is coming in better than economists have been forecasting. And the stock market is down only modestly for the year in the face of what looks like a dire economic situation. What’s driving the disconnect? The personal income statistics from the Bureau of […]
What Crisis is the Stock Market Living In? And You?
Coronavirus Infects Stock Market: Part LX You really need to follow the bouncing ball in this time of crisis. Looking at the way stocks are trading, you have to wonder: what crisis is the stock market living in? Seems to me like no one has a clue. You and I know there’s a crisis. Go […]
Ron Paul: Secret Fed Bond Buying Program Ripe for Crooked Deals
At LewRockwell.com, former Congressman Ron Paul explains the secret new Federal Reserve bond-buying program, and how it could be abused. He writes (abridged): In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. Under the law creating the […]
Coronavirus Could Reshape America’s Logistical System Forever
Originally posted April 14, 2020. You never know what you’re really made of until you’re tested. Coronavirus has tested every facet of the American logistical system. With millions of Americans at home, doing their best to avoid going out by ordering online, the e-commerce infrastructure of America has been pushed to its limits. With all […]
Trump Administration Rushing to Save Farmers
The Trump administration is rushing to save farmers from the effects of COVID-19 shutdowns on the agricultural economy. The Wall Street Journal’s Andrew Restuccia and Jesse Newman report: President Trump announced a $19 billion relief program for the agriculture sector, which has been hard hit by the coronavirus outbreak, turning to a playbook the administration has […]
Coronavirus Forces Farmers to Dump Milk
Volatile demand from consumers who first hoarded, then avoided grocery stores is forcing farmers to dump milk, reports the Ontario Farmer: As much as five million litres of milk is being dumped and more will likely follow in the weeks to come as Canada’s dairy industry struggles to match demand with the fickle requirements of […]
Media’s Fear and Loathing in Las Vegas
Coronavirus Infects Stock Market: Part XXV If you have watched President Trump’s press conferences, especially last Saturday night, you’ve seen him hit it out of the park like a modern-day Babe Ruth. He’s leading from the front. He’s in control. He defers to experts and has an A-1 lieutenant in VP Pence. Turn your eyes […]
Democrats’ Socialism Promises Chile-like Collapse for America
George Neumayr explains at The American Spectator that Democrats flirting with socialism put all of President Trump’s economic gains at risk. He writes (abridged): America’s economic growth under Barack Obama was anemic, and the economy would have been even worse had the Democrats enjoyed control over Congress during his two terms. Were the Democrats to […]
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