In the first of the four memos, Nobody Knows II, I described the distinction made by Harvard epidemiologist Marc Lipsitch. He said there are (a) facts, (b) informed extrapolations from analogies […]
This morning, Federal Reserve Chairman Jerome Powell will be speaking on the just-unveiled $2.3 trillion plan to get more money flowing throughout our shutdown economy. The Fed’s dual mandate is […]
Building on my post from the other day, ‘Not Depth…Duration’, I want to show you something from this morning’s Bank of America Merrill Lynch Chart Blast – it shows a very […]
Should we sacrifice Grandma for the GDP? That more or less sums up the debate in much of the U.S. media over the past week, ever since U.S. President Donald […]
Time marches on relentlessly. From birth to death of a human being, or any living creature, the passage of time is a constant rhythm, never ceasing to make forward progress. […]
At first you don’t see bad news, because it starts small and isn’t reported in traditional outlets. A few experts chat amongst themselves, but word has yet spread. Then you […]
It took a viral invasion to unmask the weakness of American finance. Distortion in the cost of credit is the not-so-remote cause of the raging fires at which the Federal […]
Strong coronavirus measures today should only last a few weeks, there shouldn’t be a big peak of infections afterward, and it can all be done for a reasonable cost to […]
Northern Rock stood for over 150 years, was traded on the London Stock Exchange, was one of the United Kingdom’s largest retail banks, accounting for as much as 10% of […]
The new coronavirus has brought American life to a near standstill, closing businesses, canceling large gatherings, and keeping people at home. All of those people must surely be wondering: When […]
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