The street was somehow expecting a further loss of 7.5 million jobs in May, to go along with the 23 million we lost in March and April. We instead added 2.5 million this time. May’s jobs report should not really have been the surprise that it turned out to be. We’re not sure where we […]
Social media companies exist to provide platforms for public discourse. The platform itself has presumably been neutral. They are now being used to influence politics. Social media has brought about a revolution in personal communication, where the people become the media and report and share on whatever they choose. On its face, this sure seems […]
Taiwan and South Korea were barely touched by COVID-19 compared to the U.S., their shutdowns were less severe, and the pandemic is long gone. They are still afraid though. As we continue to speculate on how the economic recovery from the effects of the COVID-19 pandemic and the quarantine we put in place to try […]
The protests surrounding the killing of George Floyd continue with no end in sight. While the damage has been contained so far, the lack of an effective response is concerning. There is a special trust that we convey upon our peace officers, where we give them greater powers than civilians have, arming them and allowing […]
The high death toll that we’ve seen in nursing homes from COVID-19 has shocked people, but this goes on every year. This time around, people have really taken notice. Nursing home residents only represent 0.4% of the American population, but they have accounted for 40% of deaths attributed to the COVID-19 pandemic. While a large […]
We’ve always had media censorship, but we always could rely on social media to show us what we haven’t been allowed to see elsewhere. Times are really changing. Censorship has always been a big issue with popular media, but social media brought about a revolution where we could now see all the sorts of views […]
Economist David Rosenberg might be the king of the bears, predicting recessions and bear markets year after year without fail. He is painting a very grim picture now. Earlier this year, before all of this current crisis emerged, we ran an article on the bearish views of economist David Rosenberg of Rosenberg Research, a new […]
While the country turned their heads from the massive economic damage that the coronavirus quarantine has been causing, we won’t be able to look away forever. Before this year, if you asked anyone what the threshold would need to be in order to shut down most of the country like we have done lately, it […]
In the midst of the COVID-19 outbreak, with the world clamoring for a vaccine against this, many investors are hoping to cash in on this. It may not be all that exciting though. Investing in stocks that promise more effective, or at least more profitable medical treatments can seem like a pretty exciting prospect at […]
April’s job numbers came in on Friday, and 20.5 million losing their jobs during the month should concern us plenty. Neel Kashkari of the Minneapolis Fed says it will get much worse. Minneapolis Federal Reserve President Neel Kashkari certainly qualifies as one of the Fed’s most outspoken members, and readers might remember our doing an […]