News From the Control Tower - 5/20/20
Interesting reads this week include:
1. This Wall Street Journal Opinion piece by Glenn Hubbard and Hal Scott argues that the Treasury and the Fed seem more concerned about not losing money than getting relief to small businesses.
Who’s Looking Out for Main Street?
2. Investors increasingly believe that fallout from the coronavirus pandemic will last longer than they initially thought.
Bets on Slow Economic Recovery Challenge Market Rally.
3. The Washington Post Op-Ed dispels myths of air travel and outlines a safety plan for when air travel starts to pick up. They argue that flying is much safer than many think.
Airplanes don’t make you sick. Really.
4. Speaking of travel, the demand for bicycles has spiked in recent months. The U.S. faces a shortage of bikes as “as anxiety over public transportation and a desire to exercise has sent the demand surging.
Thinking of Buying a Bike? Get Ready for a Very Long Wait.
5. Feeling confused about best practices during the pandemic? Some people want you to feel that way.
These disinformation researchers saw the coronavirus 'infodemic' coming.
6. The Federal Reserve's plan to hoover up $750 billion in bond funds could have some serious long-term consequences.
The Fed Is Buying ETFs. Now What?
Bonus: For those who believe they’re locked down with spectral roommates, the pandemic has been less isolating than they bargained for.