Reports

There is so much focus on the COVID-19 pandemic right now that Americans can’t be blamed if they’re not spending much time studying other developments. That’s understandable, but inattention may be as dangerous as the virus itself. That’s because America’s adversaries are taking advantage of the situation by challenging U.S. ...

Will the recession end by the close of 2020? One “economic expert” boasting a “perfect record calling recessions” believes it will. Will it? Today we mount the judge’s bench, hear evidence… and render verdict. First to the verdict of the marketplace. How did the stock market fare today? Main Street ...

The good news first: Today’s unemployment figures were not as cataclysmic as feared. Consensus came in at 22 million. Here is the bad news: Today’s unemployment figures were cataclysmic nonetheless. 20.5 million Americans were thrown from work last month — crushing all existing records. By way of comparison… only two ...

I’ve made many visits to China over the past thirty years and have been careful to move beyond Beijing (the political capital) and Shanghai (the financial capital) on these trips. My visits have included Chongqing, Wuhan (the origin of the coronavirus outbreak), Xian, Nanjing, new construction sites to visit “ghost ...

“At this point,” says a New York Times editorial column, “even many Republicans acknowledge that the era of small government is over.” We have no doubt they do. But how can an era end… if it never began? No Republican in current practice has lived one day in an era ...

The economy remains under lockdown, although some states are beginning to relax restrictions. As with so many other aspects of American life, there’s been a red state/blue state divide. Red states are generally more willing to reopen their economies, while harder-hit coastal blue states are generally more reluctant to open ...

Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. So we’ve been swamped with charts overlaying recent stock market action over 1929, 1987,2000 and 2008 — though the closest ...

Under half of all working-age Americans will collect a wage next month. This we learn from Mr. James Knightley, ING chief international economist. A portion of them have received — or will receive — $1,200 from the United States Treasury. But $1,200 does not extend very far. And our men ...

The pestilence presented the Federal Reserve two options. The first was to wash out the sins of the past decade. The second was to sin on a vastly mightier scale. Lance Roberts of Real Investment Advice: Allow capitalism to take root by allowing corporations to fail and restructure after spending ...

I’m not a medical expert. But having watched scores of experts’ YouTube videos and blog posts on the COVID-19 crisis, I feel ready to draw some important conclusions. I believe the truth on the coronavirus will become obvious fairly soon. That is, the crisis of the epidemic will be over, ...