Though the Consumer Price Index shows prices dropping now, mainly because of the low price of gasoline, the growth in the money supply is explosive, portending higher and then much higher prices at the consumer level.
The coronavirus stimulus programs will massively increase the national debt, and the Keynesian economists in Washington don’t see any problem with that.
There is simply no way to sugar-coat the numbers coming this week and next: They will be awful, ugly, frightening, “unprecedented,” “unparalleled,” and historical.
President Trump said that he would love to announce the end of the economic shutdown in time for Easter Sunday.
On January 19, 2017, the day before President Trump was inaugurated, the Dow closed at $19,804. On February 12, 2020 the Dow closed at $29,551. One month later, on March 18, the Dow closed at $19,500.
Smartphones being given by the federal government to low-income people have Chinese spyware installed, spyware that can’t be removed and that gives agents of Beijing considerable control over those subsidized phones.
Consumer sentiment in October beat forecasters expectations and sets the stage for Trump's reelection next year.