Public criticism of big businesses getting a bailout from the Paycheck Protection Program (PPP) is working as effectively as boycotts to prevent abuse that appears designed into the program by lobbyists. Presented as a way to save employees of small businesses, devastated by state and federal coronavirus lockdowns, the program doled out loans to only 19% of […]
Archive for April, 2020
Bailout Boycotts from Harvard to Shake Shack Get the Money Back
Posted April 26, 2020 By David HaggithHow to Invest in Oil and How NOT to Invest in Oil
Posted April 25, 2020 By David HaggithWith crude oil prices having gone negative, everyone and his sister is scrambling to figure out how to invest in oil and make bank where banks have failed: There must be a way to get someone to pay me to take oil off their hands so I can resell it when the world is normal again […]
Trump Disinfectant Injection Theory Takes World — and Lysol — by Storm
Posted April 24, 2020 By David HaggithAccording to Donald Trump disinfectant injection with Lysol or a stiff drink of bleach may be the new miracle cures for coronavirus. Consulting publicly with his coronavirus team, President Trump recommended a good internal wash of Lysol to rinse COVID-19 away. That and some internal sunlight/UV light infusions to dry things out afterward.
Can Gilead Science’s Coronavirus Cure, Remdesivir, Save the Economy?
Posted April 21, 2020 By David HaggithThe US stock market leaped at the open on Friday because of late news yesterday about Gilead Sciences’ promising coronavirus cure, Remdesivir. Is the market’s response warranted? Is It Wishful To Think A Coronavirus Cure Can Save The Economy? One economist said today that the stock market already considers 2020 to be economic toast. It […]
Fed’s Neel Kashkari: Patriotism Doesn’t Pay Dividends
Posted April 20, 2020 By David HaggithFederal Reserve Bank of Minneapolis President Neel Kashkari suggested in the Financial Times how banks could raise their own capital to prepare for the coronacrisis: The most patriotic thing they could do today would be to stop paying dividends and raise equity capital, to ensure that they can endure a deep economic downturn. They could … if they wanted to be patriotic. We […]
And Now for Something Totally Different
Posted April 20, 2020 By David Haggith… as Monty Python used to say. The following video sketch of the Federal Reserve and US Treasury hard are work giving away money was created by one of my patrons, and I thought it would be fun comic relief to share it here.
Wall Street Bulls Battle the Bears in Mother of All Recessions
Posted April 15, 2020 By David HaggithFedMed proved dead awhile ago with the whole Bulls team looking dead on the field, until Team Trump, the owner’s club, joined Coach Powell. Then Powell’s coaching team upped its game; and, finally, the Wall Street Bulls revived. “Big deal!” the Bears now yell. “Let’s get back to playing ball!”
Crazy Cramer and Kookoo Kudlow Hatch Coronavirus War Bond Goose Egg
Posted April 14, 2020 By David HaggithRon Insana, whom I’ve always thought was well named due to the funny way his brain works and the way he smiles even when nothing is happening, has just melded minds with Kudlow & Cramer to support a coronavirus war bond: My colleague, Jim Cramer, made a very interesting recommendation Monday morning, calling on the U.S. Treasury […]
The Epocalypse is Different This Time, Yet Much as Predicted
Posted April 12, 2020 By David HaggithFour years after the following lead-in article to my Epocalypse series was written, it is coming true before your eyes. Some of it came true right after it was written. Most is happening now. You can see the events it describes overtaking us in all the ways it laid out, and you can go back […]
The Return of the Epocalypse
Posted April 11, 2020 By David HaggithIn August of 2015 I started writing about The Great Recession 2.0 that was coming upon us. I called it “The Epocalypse” to signify an economic apocalypse that would be epic in scale and that would begin a new epoch on earth — a turbulent time of great global financial decline.
Hexit? EU and Hungary Deepen European Crisis over Corona Pandemic
Posted April 9, 2020 By David HaggithFrom Eurocrisis to Coronacrisis, the EU and Hungary fracture over national pandemic responses and civil-liberties. Hungary could be the next Brexit. European leaders see an existential threat to the Union as Hungary’s PM seizes full dictatorial power.