In the past, we’ve talked about firms that can’t service their debt without borrowing more money. These “walking dead” companies are getting new injections of life now because of the Federal Reserve’s policies and huge balance sheet expansion.

Let’s face it, free mo...

The early part of 2020 has been wild. Between a pandemic, record unemployment, and near-record equity market returns, I’m surprised any of us know which way is up, and which is down.

Well, add another head scratcher to the list – conditions seem to be in place for u...

Thanks to COVID-19, there is a huge disconnect between Wall Street and Main Street…again.

Despite what’s happening all over the country in terms of unemployment and a general lull in economic activity, the S&P 500 isn’t far off from its all-time high.

That’s despite...

I know we’re in a pandemic, but the Federal Reserve’s recent agenda is rather incredible.

The Federal Funds Rate is basically 0 percent. On top of that, COVID-19 fiscal stimulus will push our 2020 deficit to near $4 trillion.

The central bank is also going to buy unl...