We have traditionally thought that crises bring humans together. New data reveals that the coronavirus might actually be making us more selfish. As people throw money at gun stores and video games, they’re pulling it away from people in need. While most people believe that human beings come together during a crisis, our money tells…
Amid the coronavirus pandemic, American life is up-in-the-air as President Trump warns of a “rough week” ahead. It’s important to analyze an “after” once the virus has run its course and no more confirmed cases are announced. The “after” will be co-dependent on what lessons the U.S. and other countries take heed of after the…
Carnival Corporation will not be receiving a federal bailout amid the coronavirus pandemic. The company is diluting shareholders and raising massive amounts of junk debt to generate liquidity for the crisis. With a global recession on the horizon, Carnival is sailing into uncharted territory. And bankruptcy is on the table. The Diamond Princess cruise ship,…
The New York Fed announced Thursday a dramatic increase in the size and scope of its overnight repo operations. Investors seem to be downplaying or ignoring the writing on the wall: We have a liquidity crisis on our hands. Don’t pay attention to what the Fed says, only look at what it does. The Federal…
Financial stocks hit an all-time high on Thursday for the first time since the financial crisis. The NYSE also rocketed higher, signaling more gains ahead in 2020. Financial and bank stocks look like a good bet to enjoy another bull market next year. The S&P 500 Financials sector made its way to an all-time high…
