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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?


Congress passes $8.3 billion to fight COVID-19: Temporary Respite
The US House of Representatives yesterday took the next of what looks so far like a two pronged policy approach to addressing the...


Coronavirus Fears Defies Rate Cuts
Today the Federal Reserve, the Central Bank of the United States, announced its intent to lower the benchmark interest rate, the Federal...


The October Jobs Report: A Big Picture Perspective
There is more to be concerned about in the October Jobs report than it might have let on. An economic recession is still in the offing.


How Low Should the Federal Funds Rate Go?
Should the Fed have cut interest rates even further? Possibly, and I provide a back of envelope non technical reason for this.
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