Can the Big Banks Survive Coronavirus?

Given that potential reality, all investors need to get ready for a bumpy ride in the market. One way to prepare for that ride is to hold cash rich stocks with high margins of safety such as JPMorgan Chase & Company (NYSE: JPM). I think the banking system will survive, but that survival will be rough.

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Can We Spend Our Way out of a Depression?

Interestingly, there are those on the left who think we can finance massive welfare state expansion with deficit spending.   For example, economist; and hedge fund manager, Warren Mosler believes Medicare for All could pay for itself with savings. To explain, Mosler thinks savings from the elimination of health-insurance bureaucracy could pay for healthcare for all.

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