Tag Archives: cares act
Maxine Waters Drops the Hammer on Powell and Mnuchin
This week Federal Reserve Chairman Jay Powell and U.S. Secretary of the Treasury Steven Mnuchin were called upon by the House Financial Services Committee to provide answers. Somehow, their efforts to deliver upon the directive of the CARES Act did not live up to certain expectations. Magic wands were waved. Yet they only made asset holders richer. Continue reading
How the Bottom Up Bailout Will Impact the Future
The lockdown of the economy by government order is proving to be a blunder of epic proportions. Coronavirus is still on the loose. Yet, as a result of the lockdown, the economy’s been destroyed. Continue reading
This is a Full Societal Breakdown
This is a full societal breakdown. Racial injustice may be today’s rage. But there’s plenty of other injustices for people to go mad over. By the dogdays of August, no doubt, when the weekly $600 unemployment checks program has expired, riots will come to a Target near you. Continue reading
The Upside of The Great Depression of the 2020s
The monster of all monsters is rampaging far and wide. The Federal Reserve, the central bank responsible for issuing U.S. legal tender notes, is going big. But its aim is small. Continue reading
