Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Biden’s economic plan, Yellen’s debt dilemma, and deficits in a zero-interest-rate world. CARES Act Redux We ran an editorial this morning on Biden’s stimulus plan, which looks more like a structural economic-reform package than an emergency-spending bill. The proposal .
(Lucas Jackson/Reuters)
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: The Big Board and China, vaccine distribution, Elon Musk, California, and a very expensive tweet, 0 percent mortgages (for 20 years), and fractional trading. To sign up for the Capital Note, follow this link.
With power, unsurprisingly, draining away from a Trump administration just weeks away from its conclusion, it’s not particularly surprising to read that the New York Stock Exchange is signaling that it is ready to getting back to doing business as usual with the Peking regime.
After all, as we could all read today in the
Senator Pat Toomey (R., Pa.) during a hearing on Capitol Hill in Washington, D.C., December 10, 2020
(Alex Wong/Reuters)
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Relief at last (plus added waste), the wisdom (or not) of lockdowns, bubble watch, chicken sandwich mania, and an antitrust refresher.
Relief, the States, and Restraining the Fed
So, a “stimulus” package has finally been passed, although it is better understood (and justified) as a
relief package, even if it contains some extras typical of what comes slouching into view every time Washington is handing out large slugs of money.