Quarantines are Here and Lockdowns Could Follow
In early April — which was only 12 weeks ago, but feels like a lifetime ago — we said in these pages that domestic travel…
Read nowIn early April — which was only 12 weeks ago, but feels like a lifetime ago — we said in these pages that domestic travel…
Read now“Hysteresis” is a vital concept in mechanical engineering. It also applies to economics, medicine, and financial markets. Hysteresis occurs when changes to a system happen…
Read nowOn June 15, Hertz announced plans to raise $500 million in a new share offering. This was controversial because Hertz is in Chapter 11 bankruptcy,…
Read now“The COVID-19 recession is over,” said Mark Zandi, the Moody’s Analytics chief economist, last week. But then he added a qualifier: “Barring… a major second…
Read nowThe strength of the stock market rebound has been a mystery. (To give you a sneak preview, today we’ll explore a narrative that solves the…
Read nowThe U.K. government achieved a dubious milestone on Wednesday, May 20. It sold its first ever batch of negative-yield bonds. In 2016 — when Brexit…
Read nowJerome Powell, the Chairman of the Federal Reserve, said extraordinary things in a May 13 speech. And to make sure his points were heard, Powell…
Read nowSupply chains are a marvel of modern commerce. The links of a supply chain can span tens of thousands of miles, traversing whole continents and…
Read nowOn March 31 we said “The Odds of a V-Shaped Recovery are Zero.” The analysis still holds — and the case has only…
Read nowIt’s possible that more than 400,000 people in Los Angeles county (population 10.1 million) have already contracted COVID-19. The estimate comes from a new…
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