A Corporate Debt Reckoning Is Coming
It will deepen and prolong a U.S. recession regardless of Fed intervention… Read More A Corporate Debt Reckoning Is Coming
Category: Dystopia Inc.
Bailing Out the Bailout
It will take years to sort through the details, but Trump’s $2 trillion COVID-19 response looks like a double-down on the last disaster… Read More Bailing Out the Bailout
How Bad Antitrust Enforcers Kill People
In the U.S. nearly every aspect of the medical supply chain is consolidated and fragile. And that is having deadly ramifications in the age of Covid-19… Read More How Bad Antitrust Enforcers Kill People
Federal Reserve’s Dark Secrets from Last Bailout Get a Devious Makeover
The in-built secrecy and treachery of this bailout stinks even more to high heaven than the last one. And this time, taxpayers are on the hook for any losses… Read More Federal Reserve’s Dark Secrets from Last Bailout Get a Devious Makeover
A Crippling Collapse in Consumer Spending is Coming
Most gig and hourly workers are walking a financial tightrope. They will not be able to afford even a short-term hit to their earnings… Read More A Crippling Collapse in Consumer Spending is Coming
The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions
We are temporarily a company with no product and no revenue.”… Read More The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions
Corruption in the Time of Coronavirus
Now even the fig leaf is gone… Read More Corruption in the Time of Coronavirus
The Tide Is Going Out and JPMorgan, Deutsche Bank and AIG Appear to Be Swimming (Read Trading) Naked
Something is clearly happening under the surface on Wall Street that is just too repugnant to be reported to the American people… Read More The Tide Is Going Out and JPMorgan, Deutsche Bank and AIG Appear to Be Swimming (Read Trading) Naked
Millions of Americans Are About to Lose Their Health Insurance in a Pandemic
Americans are about to learn something horrifying: how irrational it is for health insurance to be linked to your employment status… Read More Millions of Americans Are About to Lose Their Health Insurance in a Pandemic
New York Fed Has Allowed Dangerous Wall Street Banks to Have Lower Loan Loss Reserves than at time of 2008 Crash
America’s biggest banks just got another get-out-of-free card… Read More New York Fed Has Allowed Dangerous Wall Street Banks to Have Lower Loan Loss Reserves than at time of 2008 Crash
Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19
Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks… Read More Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19
Helicopter Money for Wall Street
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade… Read More Helicopter Money for Wall Street
