My friend and fellow TWN Notetaker Richard Vague has recently been appointed by Pennsylvania Governor Tom Wolf to be Pennsylvania’s Secretary of Banking and Securities. Vague recently wrote this letter to a US Senator on what would be needed to deal with the economic shock of the cororavirus crisis.
With all the (completely justified) focus on the coronavirus, we’ve overlooked Japan’s alarming GDP report. Japan just reported a drop in GDP of 6.3% on an annualized basis for the December 2019. Japan’s GDP growth has been notoriously soft ever since its financial crisis of
Six days ago, I moderated a smart and informed conversation on Al Jazeera English’s The Bottom Line on what we knew (then) about the novel coronavirus. We are about six hundred further deaths and many thousands more reported official infections since what was the case then.
There’s been great controversy about the Federal Reserve’s intervention in markets during and after the Global Financial Crisis, especially the so-called quantitative easing (QE) in which the Fed became a much more active buyer of Treasury Securities as a way of providing more liquidity and support to the banking system and the econ
I was recently invited to participate in the first Oxford Union debate of 2020. The Oxford Union debates were founded in 1823 and have featured presidents and prime ministers.