by Richard Schulman China wet markets have repeatedly caused global epidemics, including the latest Wuhan coronavirus pandemic. The viruses jump from one species to another — bats, snakes, pangolins, chickens — and then to humans. Wet markets, where wild animals alive and dead are sold, exist elsewhere in the world, but China’s are unique in […]
Markets plunge on Xi Jinping virus, oil war, Fed rate cut
The weekly trade report with L.C. In the foreign exchange market last week, the dollar plunged vs. the yen and euro. Today, March 9th, the dollar fell further against the euro. It was the worst weekly drop for the US currency in four years, and was accompanied by a dive in US government bond yields. […]
Progressive policies produce homelessness
by Richard Schulman Why is homelessness most severe in states and cities controlled by progressives? Most states reduced homelessness in 2018 and 2019. But nationally, homelessness increased by 3% in 2019. How is that possible? The answer, as noted in Forbes, is that The national increase is primarily due to a leap in homelessness in […]
Slowing the coronavirus spread and impact
The weekly trade report with L.C. With the world economy threatened with a major recession in the wake of the Wuhan coronavirus (“COVID-19”), the US has an important role to play in fostering a stable employment, trade and monetary environment. While it’s likely that the virus will spread to all the world’s countries, the rapidity […]
French minister: world too dependent on China
The weekly trade report with L.C. At market opening on Monday February 24th, world financial markets plunged on news that China coronavirus infections and deaths were becoming widespread in three new countries, Italy, South Korea, and Iran. At the Group of 20 meeting of finance ministers and central bankers held on February 22-23 in Riyadh, […]
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