The Recovery: Is The Glass Mostly Full or Mostly Empty?

The recent news on the COVID-19 crisis has been mostly negative, suggesting that the recovery may be experiencing a major setback (the glass is mostly empty). However, a variety of reports on the economy recently have pointed to unexpected vigor (it’s mostly full). Granted, many of these reports are from June, before the recent COVID … Continue reading The Recovery: Is The Glass Mostly Full or Mostly Empty?

Buoying the Market: An Era of Ultra-Low Interest Rates

Many have puzzled over the rebound in the stock market during this period of COVID-19 struggles. The blue-chip S&P 500 stock price index is only 6 percent below its mid-February peak, having recovered more than 80 percent of its COVID-related losses. Moreover, the Nasdaq index—a barometer of the tech sector—has soared to new highs. Has … Continue reading Buoying the Market: An Era of Ultra-Low Interest Rates

Can You Spare a Dime? Have Coins Gone the Way of Toilet Paper?

Perhaps you bought something recently and were told that the merchant could not make change because of a shortage of coins. The merchant may have been told by his or her bank that the bank has imposed a limit on the coins that it will dispense to its business customers because it has been subjected … Continue reading Can You Spare a Dime? Have Coins Gone the Way of Toilet Paper?

Could the Recovery be Losing its Legs?

Recent disappointing news on the spread of COVID-19 has raised questions about whether the rebound in economic activity has been dealt a serious blow. Ironically, this comes at a time when the blowout 4.8 million increase in employment in June again surpassed forecasts by experts by a country mile. Will these emerging chutes of economic … Continue reading Could the Recovery be Losing its Legs?

Book Mentions

Find Capitalism Versus Socialism: What Does the Bible Have to Say? in the news! Reedsy Discovery "Excellent explanations of various ideologies, relevant economic concepts, and how well the Biblical teachings conform to those systems."Reviewed by Steven Klovning on June 14, 2020 Bargain Booksy Featured as a "must read" non-fiction best seller on May 28, 2020.

Any Signs of Inflation Yet?

Since mid-March, the M1 measure of the money stock has grown $900 billion—an increase of more than 20 percent over just two-and-a-half months. If it kept this pace, M1 would double in a year. Accompanying this, the Federal Reserve has injected massive amounts of liquidity into our economy by purchasing more than $2-1/2 trillion of … Continue reading Any Signs of Inflation Yet?

Has the Market Gotten Ahead of Itself?

Each day, it seems, the stock market moves closer to its February peak. After a late-winter plunge that erased roughly $7 trillion in household wealth, the S&P 500 index has recovered nearly all of those losses. Are investors in the market oblivious to the ongoing damage from COVID-19? What about the upheaval over the death … Continue reading Has the Market Gotten Ahead of Itself?