A Big Fiscal Push is Urgent, The Risk of Overheating Is Small
The $1.9 trillion fiscal stimulus should be large because the need is large.
Read more...Category Archives: Investment outlook
One Year After the Collapse of the Airline Business Began: What’s the Status Now?
Collapsed revenues, astronomical losses, red-hot cash-burn, hellish new debt. Meanwhile, amid craziest markets ever, airline shares soared.
Read more...Elizabeth Warren’s Not-Ready-for-Prime-Time Robinhood/GameStop Intervention
Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.
Read more...TikTok Got A US Reprieve, But Elsewhere, It’s War
Tik-Tok is getting its wings clippped. But how far will containment efforts go?
Read more...Wolf Richter: Historic Mania in SPACs, IPOs. Huge Fees for Wall Street Banks. Mega Paydays for Insiders. Disdain for Valuations. Blind Faith that “This Time It’s Different”
SPAC mania, with billions raised: this time it’s different, everyone is saying again – another sign that the zoo has gone nuts.
Read more...Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control
Not your grandmother’s “yield curve control.” Only one thing that could force this ECB absurdity to end: a big bout of inflation.
Read more...CalPERS Making It Impossible to Hire Competent Chief Investment Officer
CalPERS is such damaged goods that it apparently can’t attract the sort of CIO it wants to hire.
Read more...Having Dropped for Years, US Auto Sales Plunged to 1970s Level in 2020
More Covid road kill: auto sales.
Read more...Hubert Horan: The Airline Industry Collapse Part 5 – The Battle to Protect Airline Investors From Economic Reality Enters a New Phase
Why the big airline operators’ talk about turning the corner in early 2021 is bunk.
Read more...The “Crew Change” Crisis: 300,000 Seafarers Trapped. Will International Trade Grind to a Halt?
Will governments, unions, international organizations, and ship-owners be able to collaborate to solve the growing “crew change” crisis?
Read more...Hubert Horan: The Airline Industry Collapse Part 3 – Recovery Expectations Were Always Dreadfully Wrong
Not only is the airline industry in desperate shape, but its executives have made its bad situation worse, increasing resolution costs for all bagholders.
Read more...Introducing *An Economic Program for American Democracy*
A 1938 economic manifesto makes modern day schemes look inadequate and unimaginative.
Read more...Lots of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning
No, Case-Shiller is not yet a reflection of home prices during the Pandemic. Be patient.
Read more...Board Member Margaret Brown Sues CalPERS, Board President Over Gang-Style Retaliation for Efforts to Oppose Its Incompetence
Board member Margaret Brown has finally had it with CalPERS’ dirty tricks.
Read more...8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting
Why the economy is still mighty sick and won’t get much better any time soon.
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