In the current version of normal, almost all meetings have become virtual. The Federal Reserve’s regular assembly of the Federal Open Market Committee is no exception to this phenomenon. Fed Chair Jerome Powell and his fellow interest rate gurus will conclude their April meeting via videoconference today and Chair Powell […]

Looking for a new hobby during this shelter in place? Some people are baking banana bread and playing barista, but why not try oil storage? Have some extra space in the garage or a few rain barrels you don’t need? With oil futures plummeting to an all-time low yesterday, they […]

“We are now seeing the true effects of the coronavirus on the housing industry,” said Bill Banfield, Quicken Loans executive vice president of capital markets. “Despite the fact that construction can continue during shelter-in-place orders, home buying demand has plummeted and builders are seeing materially lower foot traffic.” Yesterday, markets watched U.S. […]

“You don’t have to swing hard to hit a home run. If you got the timing, it’ll go.” – Yogi Berra With projections coming out of the International Monetary Fund indicating that global GDP output is set to decrease by 3% in 2020 (marking the steepest drop in the metric […]

“The night is darkest just before the dawn. And I promise you, the dawn is coming.” – Harvey Dent Over the last week or so, the United States has been bracing for the worst of the coronavirus outbreak as Trump administration officials and Governors across the country warn people to […]

As the world continues its battle with coronavirus and the uncertainty that lies ahead, there are lights beginning to flicker at the end of the tunnel. If you’ve taken any of your social distance to focus on sharpening your economics knowledge, you’ve probably read about how the economic shock caused […]