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This Is Not a Financial Crisis, So Why Should We Bailout Wall Street (Again)?

Republican and Democratic Senators reached a deal on a $2 trillion bill to help businesses and people hit by the coronavirus outbreak. But the...

How to Interpret Financial Market Movements to Predict the Impact of Coronavirus on GDP

Equity markets in the EU and US dropped by as much as 30 percent, which means that investors have revised downward their estimate of...

Why Mass Testing Is Crucial: the US Should Study the Veneto Model to Fight Covid-19

The Italian experience suggests that locking downtowns is a necessary but insufficient condition to stop the spread of the disease. If 50 percent of...

Bethany McLean’s Weekend Reading List: the Pandemic’s Long-Term Consequences

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.      Of course, this weekend's list is mostly...

The ECB Can Save the Italian Economy and Prevent a New Euro Crisis Triggered by Covid-19 Fallout

The Italian government's effort to contain the coronavirus will have significant economic consequences. Italy should be allowed to ask for emergency help with one...

Governments and Central Banks Have a Few Unpleasant Options to Stop the Economic Contagion

The global economy and financial markets are seriously hit by the coronavirus outbreak. Central banks can do something, but monetary policy is not enough.  A fiscal stimulus might mitigate the impact, but the record-level outstanding amount of public and private debt adds additional risk to the current perfect storm.  

Why Coronavirus Triggered the First Global Supply-Chain Crisis

The only reason why there is no shortage of goods in American markets is that the epidemic outbreak was close to the Chinese New...

US Big Business vs China: How Monopolies Harm National Security

China’s goal is to concentrate power, both within China and over Western industrial commons. The best reaction is not to mimic Chinese autocratic control...

Who Won the South Carolina Democratic Debate? The ProMarket Panel's Analysis

Is Bernie Sanders inevitable, and is Michael Bloomberg doomed? Which candidate would be best suited to avoid a recession in the US? A ProMarket...

Sanders Is Leading the Democratic Primaries, but Don't Bet on an Open Convention

Bernie Sanders is a polarizing front-runner, but there are many reasons to believe the Democratic convention this summer is unlikely to repeat the drama...

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