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...

Two observations struck me lately that I think could foretell our days ahead.

First off, tens of billions of dollars in rent went unpaid last month. Through the first five days of April, 31 percent of tenants had not paid their rent, up from 18 percent the prior yea...

In a crisis, everything is stress-tested.

That includes business models. Companies thought to be large enough to handle anything are being stretched to their limits.

The COVID-19 crisis is illuminating the value of preparation and the steep costs of not preparing.

I b...