March - 2020

The Continuing Rise of China

The coronavirus pandemic, while having taken its toll on China, also creates huge opportunities for China's continued global ascent.

$2 Trillion in Additional Stimulus: The Good and the Bad

Unless the stimulus can ultimately get workers back to producing, its benefit on the economy will be short-lived.

Fueling Inflation?

More and more stimulus and no production will only generate inflation and markets know this.

The Coronavirus Externality Problem

Characterizing the coronavirus pandemic as an externality lends credibility to the actions being taken by the government to address it.

National Emergency Declared in the US over COVID-19

A National Emergency is declared by President Trump and the markets react very positively to this. We explain the reason for this optimism.

The Evolution of a Recession

The coronavirus is going to cause an economic recession, but how does one typically happen and how can it be nipped in the bud? We explain

Killing the Coronavirus Behemoth

How to kill a giant that defies normal macroeconomic stimulus is to address the incentives question directly - put a bounty on its cure.

Payroll Tax Cuts?

First, it was an aggressive interest rate cut, then a spending bill, now its payroll tax cuts. Will this latest move stop the bleeding?

Russia, OPEC, Shale Oil: How the Coronavirus is Undermining an Alliance

Russia's defection from its bromance with OPEC may have had the US shale oil in its crosshairs, but this might be good for the US economy.

Price Gouging in the Wake of the Coronavirus?

Any crisis that creates a shortage would necessarily raise prices. Are businesses taking advantage of the coronavirus to gouge consumers?