The Upside of the Coronavirus

The Upside of the Coronavirus

 Hundreds of thousands, maybe millions will likely get the coronavirus and tens of thousands, maybe many more, will die from it.  How could there be any upside to this crisis?  There may not be.  Yet, the incurable optimism built into the human psyche shows that we...
Autarky

Autarky

 Autarky is the characteristic of self-sufficiency; the term usually applies to political states, societies or to their economic systems. Autarky exists whenever an entity survives or continues its activities without external assistance or international trade. ...
PANIC

PANIC

 Here we are again in a panic.  The financial markets are reeling in response to the coronavirus, oil market disruptions and not least because stock prices were historically high relative to fundamentals.  Near zero interest rates give the FED little room to...