Corporate America has embraced fragility, says Nic Carter. Its business model depends on a bailout.
As BlackRock gets appointed to oversee bailouts to companies including BlackRock, how do we make an insane moment lead to good?
If we keep bailing out corporations during every crisis, we'll end up with implicitly state-owned enterprises and a lack of economic dynamism.
Drastic measures are being taken by the Federal Reserve as Wall Street reels from fresh predictions of a steep drop-off in economic output due to coronavirus-related lockdowns, business disruptions and job losses.
From Boeing to bitcoin, in this week's discussion we're talking about our disrupted reality, the politically expedient path forward, why it almost certainly won't work, the alternatives to it, what this means for bitcoin and what you can do to help.