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Coronavirus: Are We Fighting a Great Depression or Causing One?

U.S. unemployment has hit 30.3 million people. This will push next week’s official unemployment rate well about 13%. Unemployment during the Great Depression was above 14%. The longer U.S. unemployment rises due to our response to coronavirus, the greater our depression, all the way to the Great Depression. COVID-19 causes physical anguish and death, but…

The Fed Is Desperately Fighting Off Recession but There’s Nothing It Can Do to Stop It

To say that the Federal Reserve has been busy over the last few weeks would be a huge understatement. The central bank may be projecting an image of control. According to them, the financial markets are simply experiencing technical issues and seasonal bottlenecks such as quarterly tax payments. The Federal Reserve starts not QE and…