Month: May 2021

Expected Profit Margins Are Very High

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by UPFINA The stock market rally in 2021 has been driven by better than expected earnings which means it isn’t in a bubble. The only way this is a bubble is if the earnings are unsustainable. Many firms in the technology sector are about to face tougher comps which should lower their growth rates, but … Read more

Why Your Grocery Bills Are Going Up (And Are Only Expected to Get Bigger)

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Americans spent a lot of money on groceries over the past year—and it isn’t just because they were eating more meals at home. According to the Bureau of Labor Statistics, food prices jumped 3.9 percent in 2020, nearly triple the rate of inflation. Unfortunately, this trend seems poised to continue. The US Department of Agriculture estimates … Read more

Biden Anti-Unity, Drought & Food Prices

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Greg Hunter gives The Weekly News Wrap-Up for Friday, April 30, 2021 There is a new report out warning about big food inflation causing civil unrest. Put that with the growing severe drought out west and you have the making of a full blown shortage and price spikes in food costs. FULL SHOW NOTES AND LINKS HERE To … Read more

TSA extends face mask requirements through Sept. 13

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The Transportation Security Administration said Friday that it is extending the face mask requirement for individuals through Sept. 13. The mask requirement was due to expire May 1.. The measure covers individuals in airports, on board commercial aircraft, on over-the-road buses and on commuter rail and bus systems. https://www.timesunion.com/business/article/TSA-extends-face-mask-requirements-through-Sept-16142689.php

Fed’s Key Rate Slips Closer to Zero, Raising Prospect of Tweaks (M2 Velocity Sinks To 1.123)

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by confoundedinterest17 (Bloomberg) — The key benchmark that the Federal Reserve targets to control monetary policy dropped for the first time this month, dragged down as growing imbalances in the Treasury-bill market weigh on short-term dollar rates. The effective fed funds rate, which the central bank is currently aiming to keep within a range of 0% to 0.25%, slipped by one … Read more