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Doomsday

Why IMF’s Doomsday Coronavirus Prediction Is Bullish for the Economy

The IMF is forecasting 3% contraction in global GDP this year due to coronavirus. A quick recovery in 2021 is eyed, but that depends on appropriate policy support and the resumption of normal economic activity. The latter seems highly unlikely amid widespread lockdowns. History teaches us to be extremely weary of the Fund’s forecasts as…

Fed Predicts Doomsday For U.S. Economy, Could Andrew Yang Save Us?

St. Louis Fed predicts unemployment rates could be far worse than they were during the Great Depression. These numbers are even more severe than St. Louis Fed President’s grim prediction last week. Could these challenges be a test run for Universal Basic Income? As the coronavirus pandemic continues to wreak havoc, numbers around the U.S.…