“Nothing has defined the 2020 market more than the erosion in the value of human
Category: economy
Adventures In Rage Kapitalism
The last decade stands as the final stage of the transformation of the American psyche,
Threats In Limbo
Another day in post-Christmas, pre-New Year limbo produced little in the way of excitement, although
Loeffler, Perdue ‘Delighted’ To Send You $2,000. Mitch McConnell, Not So Much
“$2,000 for our great people, not $600!,” Donald Trump shrieked into the Twittersphere on Tuesday,
Everybody’s A Dollar Bear For 2021
The dollar looked poised to close out the year with a second consecutive monthly decline,
Onward And Upward?
Global equities hit new highs Tuesday as markets saw no reason to fade the steady
Somebody Help Larry Summers. He’s Stuck In A Textbook
“Look, we need to help people,” Larry Summers said, in a kind of deliberate drawl
Bitcoin, The $28,000 Derivative Of Netizens’ Collective Imagination
I suppose I’d be remiss not to mention Bitcoin coming off a Christmas rally that
China’s Tech Titans Crumble At Xi’s Feet
Since peaking in October, Alibaba has now shed more than a quarter trillion in market
Trump Was Just Kidding, Signs Virus Relief Bill After Publicity Stunt Goes Wrong
After an agonizing, made-for-TV delay, Donald Trump decided to sign the bipartisan COVID-19 relief bill
Americans Splurge On Couches, Hammers During 75 Days Of ‘Christmas Shopping’
The holiday shopping season encompasses 75 days now, apparently. That’s according to Mastercard, which decided
GOP’s Toomey: Trump Risks ‘Being Remembered For Chaos And Misery’
I never imagined I’d spend more than a few minutes of my life writing about
America Faces ‘Great Cultural Depression’ As Arts Industry Evaporates
Over the course of the pandemic, I’ve spent quite a bit of time lamenting the
Larry Summers Thinks He Might Lose Too Much Weight After All
In 2009, when the Obama White House was busy charting a course for an economy
Brexit-ing: Movements, Verbs, And Canine Travel Arrangements
On Thursday, the EU and the UK confirmed that a post-Brexit trade deal has, in
Once Burned, Twice Steep
One almost hesitates when it comes to dedicating space to incremental Brexit news. And certainly
Screeching Tea Kettle Downgraded To Rolling Boil As New Home Sales Miss Badly
A day after the latest read on existing-home sales suggested record-high prices may constrain (or
Americans’ Income, Spending Fall Much Harder Than Expected As Slowdown Accelerates
Concerns that falling incomes were destined to manifest in slower spending were realized in November,
Jobless Claims Fall, But Stick Well Above Pre-Pandemic Record As Deadlines Near
803,000 Americans filed for unemployment benefits last week, down sharply from a revised 892,000. The
Blank Checks
Donald Trump has succeeded in making himself the topic of conversation for market participants and
Trump Goes Rogue, ‘Thank You Very Much’
Donald Trump went rogue on Tuesday night. In a video message posted to Twitter, the
Darker-er-est Days
Joe Biden wants more stimulus and Walmart found itself in the crosshairs of the Justice
Meanwhile, In Housing Bubble News…
Is America’s newly minted housing bubble bursting?! I’m just kidding. The answer is “no.” Or,
US Consumer Confidence Tumbles In December As ‘No Significant Momentum’ Seen
Not surprisingly, consumer confidence in the US fell again in December, The Conference Board said
A ‘Dark And Bumpy’ Road
The situation in the UK remained fraught Tuesday, as Boris Johnson struggled to strike a
Pat Toomey And The Scourge Of The Sock Puppets
Pat Toomey apparently felt the need to explain himself on Monday. With a $900 billion
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