The COVID Bubble

The COVID Bubble

With equity markets reaching new heights at a time of rising income and wealth inequality, it should be obvious that today’s market mania will end in tears, reproducing the economic injustices of the 2008 crash. For all of the talk of supporting households, it...
A Fragile Recovery in 2021

A Fragile Recovery in 2021

Although 2020 ended with a flurry of announcements reporting promising results in COVID-19 vaccine trials, there is little reason to expect a robust economic recovery anytime soon. Defeating the virus remains a monumental task, and the wounds inflicted by the pandemic...
The US Election’s Chaos Quotient

The US Election’s Chaos Quotient

While hoping for a conclusive outcome on November 3 (or immediately thereafter), market watchers unfortunately must prepare for the worst. After all, US President Donald Trump and the Republicans are not even hiding their plans to steal the election. NEW YORK –...