Authored by Matt Taibbi via RollingStone.com, “I’ve never signed anything with a ‘T’ before,” Donald Trump quipped at the signing of the $2 trillion CARES Act. He reportedly wants his signature on coronavirus relief checks, as if they were Trump Plaza casino chips. This might be a fitting metaphor for America’s post-virus economic future. The new bailout bill, which combined with a series of Federal Reserve interventions is more like a $6 […]
Hedge
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Authored by Sill Solomon via Counterpunch.org, It is difficult to neatly encapsulate the shift that has occurred in our collective perception and experience over the last several weeks. That all semblance of ‘certainty’ and ‘normalcy’ has disappeared seems no longer the main feature—what stands out is the psychological shift underway, proceeding on the collective and individual levels. What will this mean, how will it continue to […]
Submitted by Michael Every of Rabobank As this working week comes to a close we pass one grim milestone: over a million people world-wide are now infected with COVID-19, and likely already many millions given how poor global testing efforts have been. The disaster is probably only just getting started in countries with poor public health systems, where social distancing and regular hand-washing are sick jokes […]