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Wag the Fed: Will the TGA force Rates Negative?

Updated: Dec 16, 2020

New York | As the very difficult year of 2020 grinds to a conclusion, the world is not much closer to dealing with COVID than it was six months ago. Leaving aside the supposed success of the Chinese police state, the rest of the world is struggling to protect vulnerable populations, but all the while destroying the economic and social lives of the entire population. Vulnerable populations do not wish to be isolated, so instead we lock down the entire community and destroy the entire economy. Go figure.


New York Governor Andrew Cuomo, who is tipped to be Attorney General in a Joe Biden Administration, has again shut down the restaurants in New York City. There is no evidence that indoor dining is contributing to the significant spike in COVID cases in New York City, where roughly half the patients are coming from the city’s nursing homes. Governor Cuomo apparently cannot resist the temptation to destroy what remains of the city’s economy before heading to Washington. In this regard, we note sadly that 21 Club