Goldman’s Stacks of Gold
That is how Goldman added to its Sachs of gold via massive bond trading enticed and made possible by the Fed issuing trillions to purchase bonds.
Drumbeats of the Epocalypse: The Economic Death March Has Come to Town!
The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said.… “This is a deeply sobering outlook, with the crisis likely to leave long-lasting scars and pose major global challenges,” said World Bank Group Vice President for […]
Pompeo’s Offer to Lebanon: Break Free from Iran and we’ll Revive your Economy
Pompeo elaborated saying that Beirut must operate in a manner that is not “beholden to” the Iranian terrorist proxy group Hezbollah
Bailout Boycotts from Harvard to Shake Shack Get the Money Back
Public criticism of big businesses getting a bailout from the Paycheck Protection Program (PPP) is working as effectively as boycotts to prevent abuse that appears designed into the program by lobbyists.
Wall Street Bulls Battle the Bears in Mother of All Recessions
FedMed proved dead awhile ago with the whole Bulls team looking dead on the field, until Team Trump, the owner’s club, joined Coach Powell.
Virus Impacts an Economy Already in Decline Before the Crisis
Stocks were climbing furiously above an economy that had been slowly ebbing away since summer. Sales were down for months, so revenues were down for months, and profits were down.
Stock Market Overmedicated on FedMed, Patient Goes into Cardiac Arrest
The Federal Reserve on Tuesday gave the market a double-dose of exactly what it thought the market needed, and the market just about died!
Two Years of Trump Tax Cuts: What did they Get Us?
After two years of this third experiment with trickle-down economics via the Trump Tax Cuts, we should have enough data to get an unbiased, factual view of the results.
What Went Up Came Down and Up and Will Come Down Again
It can’t come as any surprise that the stock market’s lofty balloon ride during the past couple of months fell because of a few words this week.
The Relentless Road to Recession Continued
Consider this a travelogue in pictures (graphs and charts really) that presents a rather striking and comprehensive image of a nation journeying into recession.