It would be difficult to select a worse moment not just to escalate the rhetoric against China for its culpability in the globalization of COVID-19 but to consider a raft of economic sanctions.
Read moreTo Survive the Pandemic, Washington Needs to Learn How to Listen
But it also reveals a problem in how the United States has handled the crisis so far: A policy vacuum is being filled by one set of experts rather than a more comprehensive approach that balances risks and shifts when necessary.
Read moreStocks Are Recovering While the Economy Collapses. That Makes More Sense Than You'd Think.
What is going on? How can it be that stocks are soaring when the economy is crashing?
Read moreWe Need to Talk About Death
But, in truth, there are things much worse than death. There always have been. Death is as much a part of the human condition as birth, love, sex, hunger, community, war, family. It is a natural part of the cycle of life, however, challenging that is for most of us.
Read moreThe US and China Want a Divorce, but Neither Can Afford One
Three months into the global coronavirus pandemic, there are growing signs that the long marriage between China and the US—indeed between China and the developed world—is coming apart. That’s prompted “a rethink of how much any country wants to be reliant on any other country,”
Read moreCan History’s Biggest Stimulus Stave Off a Coronavirus Depression?
he New Deal set the standard for big government intervention. Then came the pandemic of 2020.
Read moreFor Once, Wall Street is Optimistic. That Might Not Be Crazy.
Any look at the news suggests that we’re in the early stages of a society-changing response to an unpredictable virus that will have vastly negative consequences for the economy, not just in the U.S., but around the world.
Read moreThe Fed's Unprecedented Bailout of Everyone and Everything Could Prevent Total Collapse
The Fed understood even before Congress that the health-crisis of the pandemic and the subsequent economic crisis caused by the shelter-in-place orders and shuttering of businesses, travel and events would easily morph into a financial crisis that could be magnitudes greater than what happened in 2008-2009.
Read moreThis Market Chaos Is Unlike Anything We’ve Seen Before. But Remember to Breathe
For weeks, I watched the evolving coronavirus crisis the way one observes an avalanche: it looks distant until suddenly it is upon you. I was inclined to take advantage and “buy the dips.” Then, something snapped: I started selling. I wanted cash. I panicked.
There. I said it.
Read moreThe Coronavirus May Actually Reinforce US-China Economic Ties
In these self-isolated days, silver linings are almost entirely obscured by clouds. Yet should the worst-case predictions of mass deaths and overwhelmed health care systems not come to pass, there’s a case to be made that the way the virus is spreading… China’s industrial production fell for the first time on record
Read moreThe Coronavirus Will End Conservative Dogma About Big Government Forever
The sheer urgency of the new coronavirus and its damage are overpowering free markets, shuttering businesses and triggering responses that only four weeks ago looked impractical, naive and socialist. Now, they are essential.
Read moreTrump Is Actually the President We Need Right Now
This past week, however, one thing became clear: Donald Trump may be exactly the president we need now.
Read moreWill the Coronavirus Bring the End of Globalization? Don’t Count on It
Over the past week, the coronavirus has gone from an Asian contagion with ripple effects on international supply chains to a global pandemic that will plunge the whole world into recession.
Read moreThe Coronavirus Won’t Be an Economic Catastrophe — Unless We Let it Become One
It would be nice to be able to say when this will settle down, but as the old market cliché goes, no one rings a bell when markets hit a bottom.
Read moreA Stock Market Crash Was Coming, Coronavirus Was Just the Spark
It was the worst week for stocks since the financial crisis in October of 2008. It may get worse still.
Read moreThe U.S.-China Trade Deal Was Not Even a Modest Win
If you detect a note of skepticism already creeping in, it’s because this pseudo-deal deserves not just skepticism but calling out as a dramatic failure of U.S. policy that will have lasting and deleterious effects.
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