SHOULD CONGRESS VOTE REMOTELY INSTEAD OF IN FORMAL SESSIONS TOGETHER?

by

There’s been talk throughout the digital age of allowing senators and representatives to vote remotely, but the coronavirus crisis is prompting renewed interest in the idea. “Not so fast,” warns Government Affairs Institute Senior Fellow Joshua Huder, who then lays out what I find to be a convincing case for not going in that direction. For one … Read more

What occurs when a bank starts to collapse

by

by ArtoriusSmith​ It’s important to note the distinction between an investment bank and a commercial bank. As an investment bank, the assets Lehman Brothers managed for people (stocks, bonds, etc.) are not guaranteed to hold their value but they are insured Securities Investors Protection Corp. If for some reason Lehman Brothers had not been able to … Read more

Having a baby is like planning a wedding, everyone is trying to sell you things at a marked up price. Resist and be smart about it.

by

by fixin2wander​ I have a 12 week old and have spent very little through these ways. Maternity clothes – your wife shouldn’t need too much, it will depend how big she gets and how fast. I only spent $42 on maternity clothes by getting cheap stuff at H&M (I bought some long-sleeved shirts for $1-3 each, … Read more

America is f*cked

by

by YesImEm Me again from Ireland. Overnight, 100,000+ jobs have been, at least temporarily, lost SOLELY because of the pub closures. We are only at 223 cases. Or 0.0046% of the population. Look at ISEQ, DAX, FTSE, FTSE MIB, CAC. They’re at their five, in some cases TEN year lows. These can serve as leading … Read more

Greg Mannarino’s morning warning hits the nail on the head:

by

by Rec Digital money printing has one purpose only and that is to destroy the underlying fiat paper in hyperinflation: https://finance.zacks.com/stocks-behave-during-hyperinflation-8335.html Japan has been a beta test to see how far a central bank can go with an industrialized countries printing press as they massage the numbers and continue printing while trying to hide the … Read more

If Everything is Fine… Why Are the 8 Largest US Banks Preparing to Access the Fed’s Discount Window?

by

by The Phoenix Someone or someones are in MAJOR trouble. Back in September 2019, the Fed announced it would begin implementing a number of repurchase “repo” programs. If you’re unfamiliar with repo programs, these are programs through which the Fed allows financial banks/ institutions to park assets at the Fed, in exchange for cash. At the … Read more

AMAZON Will hire 100,000 Due to Coronavirus – Starting $17 at Hour too!

by

Amazon says it plans to hire thousands of new warehouse employees following a “significant” increase in workload and demand for online delivery services amid the coronavirus outbreak. In a memo obtained by The Wall Street Journal, the company said it planned to hire around 100,000 new employees and called the current surge in orders brought … Read more

How this is worse than 2009?

by

by bld2527 The whole world is shut down. US has 50% of jobs at risk. https://www.cnn.com/2020/03/16/economy/job-losses-coronavirus/index.html When the job changes in the coming week are counted it could show a loss of as many as 1 million jobs, according to Kevin Hassett, the former chairman of the White House Council of Economic Advisors under President Donald Trump. … Read more