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Tag Archives: coronavirus
Is the Panic Worse than the Virus?
The Great Panic of 2020 is already one for the history books. Yet the damage has only just begun. We suspect the stock market crash, economic destruction, and forfeiture of freedoms will persist long after the coronavirus hobgoblin has been put to bed. Continue reading
Posted in MN Gordon, Stock Market
Tagged charles mackay, coronavirus, great depression, panic, stock market crash
13 Comments
Destruction By Definition
Major U.S. stock market indexes yo-yoed about all week. On Monday, panic selling from last week turned to panic buying. Decades of Fed intervention have conditioned stock market investors to step in front of semi-trucks to scoop up nickels. Continue reading
Posted in Economy, MN Gordon
Tagged coronavirus, dollar, DOW, federal reserve, state of emergency
12 Comments
China’s Debts are Coming Due at the Worst Possible Time
The economic consequences of coronavirus are quickly piling up like garbage along the streets of Los Angeles. Breaking supply chains, closed Chinese factories, iPhone disruptions, and massive shortages of Chinese made products. These developments will most definitely get worse before they get better. Continue reading
How Xi Jinping will Save the World from Coronavirus
In 1349, when Black Death was ravaging Europe, many of the day’s best and brightest banded together in pursuit of a common cure. They had little choice. Black Death was rapidly spreading across the continent. Nothing could stop it. Continue reading