Credit Spreads: Comparing COVID-19 to the Collapse of Lehman Brothers On March 18, Reuters noted something I have been following of late: Concerns about the impact of the coronavirus on corporate America’s balance sheets has tripled the premium investors are demanding to hold even the highest-rated corporate bonds. The difference between the average yield of investment-grade U.S. […]
This is the complete letter Trump sent to Senator Schumer on April 2nd. It is beyond embarrassing. Senator Charles E. Schumer United States Senator Washington, D.C. 20515 Dear Senator Schumer: Thank you for your Democrat public relations letter and incorrect sound bites, which are wrong in every way. As you are aware, Vice President Pence […]
Coronovirus politics from the Boston Globe: There are indeed two ways in which Trump’s handling of this crisis are being viewed. Where most Democrats see lying and stupidity, most Republicans see optimism and hope. As the virus races around the world, mainstream Democrats see proof that we live in a global connected world — while […]
The D Word Yes, depression, and not the psychological type, although the economic type leads to the psychological type, whether ot not it is the other way around (see Keynes’ “animal spirits). I often make fun of Robert J. Samuelson in the Washington Post, but in Washington Post today he raised the possibility that we […]
Coronavirus dashboard for April 2: nationwide lockdown nearly complete, but the surge in testing has completely stalled – by New Deal democrat Here is the update through yesterday (April 1) Close to 90% of the US population is now under lockdown, and it appears to be lowering the rate of exponential growth of new infections. […]
Why the States must surge medical supplies, explained in two easy points by New Deal democrat Point 1: The most recent “plan” of the Trump Administration is to extend the lockdown through the end of April. It is based on the below graph from a foundation endowed by Bill and Melinda Gates: The graph anticipates […]
In 2020 A March Of Madness, Econospeak Just before the end of February, President Trump declared that there were only 15 Covid-19 cases in the US, and that “they will soon go to zero.” Deaths from COVID 19 now passed 3,000 (March 30th) and yesterday Trump declared that because we might have had over 2 […]
Coronavirus dashboard for April 1 by New Deal democrat Here is the update through yesterday (March 31) Over 75% of the US population is now under lockdown, and it appears to be lowering the rate of exponential growth of new infections. Based on South Korea’s experience, a ratio of 15:1 in total tests to results […]
Remdesivir and Transfer Pricing Gilead Sciences is conducting phase III trials to explore whether this treatment – which did not turn out to be effective against Ebola – might be effective in treating COVID-19. We all hope it will be and if it does pass phase III trials, national income tax authorities will later have […]
Richard Epstein: Peak Dishonesty, Econospeak Epstein is the doyen of libertarian legal theorists. Larry Tisch Professor of law at NYU and a senior fellow at the Hoover Institution, he has vast influence throughout the conservative world, including the White House. His latest jag is calling for an early end to isolation policies to contain the […]