FYI, you can find all prior entries on the virus here. There are too many corona related topics going on to do full posts on each of them, so time for another (not so) brief to address as many as I can! Updated Virus Trajectory OK, let’s start with the Continue Reading
Banning Buybacks Brings New Problems
While the stimulus bill passed this week did a lot of good things, it included one really short sighted provision that will lead to some undesirable unintended consequences. Any public company that takes assistance is banned from buying back stock (or paying dividends) for the duration of the loan plus Continue Reading
Policy Ideas To Save The Economy
Note: Things are moving at a fast pace so some of these ideas are already starting to happen. Hopefully, more of them will soon. The problem with the current approach is it’s too one size fits all and is taking an intolerable economic cost. Before someone suggests it is crass Continue Reading
The Only Thing We Have To Fear Is What To Do With All The Excess Toilet Paper
Key takeaways (warning, this is a long post):1) Be cautious about scary numbers that don’t pass the smell test.2) Reflexivity will greatly lower the ultimate impact.3) The biggest risk is hospital capacity.4) If you are not a senior and don’t have other health risks, don’t panic if you get sick. Continue Reading
Dumb Things Smart People Are Saying About Corona and the Economy
As if the fear about getting the corona virus isn’t bad enough, we have a secondary virus going around: bad analysis. While this virus won’t get you sick, it will hurt your bank account and might even cost you your job as the decreased economic activity due to fear has Continue Reading
A Five Year Old Could Run the Fed
Takeaway: The Fed has outsourced policy to markets. I mean it, a five year old could run the Fed. It’s a really simple job. Watch what the market does. When it throws a tantrum, cut rates. How does a five year old understand when the market is throwing a tantrum? Continue Reading
Twenty Blue Chip Stocks With Yields Above Their Long Term Debt Cost
Disclaimer:I am not making recommendations to buy any stocks.I am highlighting a group of stocks that meets a certain criteria in order to highlight an anomaly in the market.I have no idea how long the anomaly will last.I may own some of these stocks and may decide to buy more. Continue Reading