Black Rock CEO Larry Fink tells people they will have to work longer because they’re not earning the same returns on their savings. The likelihood of people being able to retire decreases each round of Government Stimulus.
by David Morgan of The Morgan Report Could Money Be Worthless In Just Six Months | https://www.themorganreport.com Prior to the Great War, the gold standard reigned supreme. The jury is still out on whether the dollar’s long run as the world’s leading reserve currency …
by Daniel Lacalle via Mises The United States retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history. Something is not right when these figures come significantly below estimates in an environment of massive upgrades to gross domestic …
https://www.youtube.com/watch?v=qLisePzv7wQ Breaking 911 reports, For those with children, the American Rescue Plan increased the Child Tax Credit from $2,000 per child to $3,000 per child for children over the age of six and from $2,000 to $3,600 for children under …
by confoundedinterest17 How bad did the Covid epidemic hit the USA? Bad enough that like humpty dumpty, all the king’s soldiers and all the king’s men couldn’t put the US economy back together again. According to a research effort to track …
BALTIMORE (WBFF/WKRC) – Millions of Americans are about to get new stimulus payments. The payments will arrive regularly on the 15th of each month, starting in July. It is the first part of the expanded Federal Child Tax Credit that …
via Robert Blumen: Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of …
The IRS said it is continuing to distribute federal stimulus checks to eligible Americans, with another 2.3 million payments issued on last week. Some of those payments include “plus-up” adjustments for people who received less money than they were entitled …
by Frank Shostak via Mises The increase in the growth rate of the Consumer Price Index (CPI) has fueled concerns that if the rising trend were to continue the Fed is likely to tighten its interest rate stance. Observe that the yearly growth …
First inflation, then stock market correction. Right now more money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all …
Federal authorities announced Wednesday that a new round of $1,400 stimulus checks have been sent out, bringing the total figure disbursed to around $391 billion. The Department of the Treasury, the Internal Revenue Service (IRS), and the Bureau of the …
Unpaid rent and mortgages become a big problem for lenders and landlords. Food prices are rising significantly as we see the inflation at this time. More money, cash, debt, entering the system. There is an influx of capital going into …
by confoundedinterest17 The US housing market is hot, hot, hot! (Bloomberg – Prashant Gopal) Across the U.S., house prices are skyrocketing, bidding wars are the norm and supply is scarcer than ever. Now the market is too hot even for homebuilders. …
For many struggling Americans, the current third round of $1,400 coronavirus stimulus checks under President Joe Biden’s $1.9 trillion American Rescue Plan just isn’t enough. But there was wonderful news for eligible parents earlier this week when the Biden administration …
by Charles Hugh-Smith Maybe maximizing corporate profits isn’t all that matters. Maybe national security and resilience matter, too, and if they do, then reshoring critical supply chains should be a higher priority than Corporate America’s (mostly tax-free) profits. As America’s …
In the latest evolution of creeping Universal Basic Income, Biden administration officials said on Monday that a poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the …
But of course the great Gov. Gavin will spend it like a drunk uncle and give it all away…to more po’ folk…great forethought…. I helped w/ creating the surplus, however, won’t receive any of it back…it’s just $600 or so, …
Howe Street, Released on 4/30/21 Bob Hoye is a trained geologist, successful resource investor and economic historian. Bob is the chief investment strategist for chartsandmarkets.com.
by confoundedinterest17 KBW Bank Index (a modified cap-weighted index consisting of 24 exchange-listed National Market System stocks, representing national money center banks and leading regional institutions) rose to a record high .. with near-zero Fed Funds Target Rates. And seemingly endless asset …
Andrew Wiederhorn discusses reopening his restaurants The IRS sent out a sixth batch of stimulus checks this week, delivering payments to another 2 million Americans as part of President Biden’s $1.9 trillion American Rescue Plan. The agency said Thursday that it …
via foxbusiness: Watch the latest video at foxbusiness.com Fox Business Network host Larry Kudlow warned Monday of the unintended consequences of stimulus payments and high government spending. KUDLOW: These big stimulus packages passed last December and January are, in fact, temporarily …
by confoundedinterest17 The massive stimulus by the Biden Administration and huge growth in money printing has led to market distortions in consumer demand … along with Covid-related shutdowns. The first distortion is US retail sales that grew an astounding 9.8% month-over-month …
https://www.youtube.com/watch?v=rHBNgaKBk3I Millions of Americans were sent a third round of stimulus checks last month in an effort to offset some of the financial burden that many families have endured during the coronavirus pandemic. It was part of President Joe Biden’s …
Asia, among the biggest beneficiaries of Biden's stimulus plan. Biden’s Stimulus to Push Xi’s GDP Growth Above 9%. pic.twitter.com/Gttfl9uQo4 — Daniel Lacalle (@dlacalle_IA) April 15, 2021
Fed's Kashkari says he would not panic if he saw a 4% inflation rate-BBG — LongConvexity (@LONGCONVEXITY) April 8, 2021 Wall Street’s “everything is bullish” mantra is why the U.S. stock market cap to GDP is now close 200 percent …
by confoundedinterest17 There is a great fear about inflation in the US. And why it remains so low DESPITE the trillions in stimulus spending by the Biden Administration. According to a survey by The New York Fed, consumers are expected to …
Over the past couple of weeks, the Internal Revenue Service and U.S. Treasury have worked tirelessly to send out a hundred twenty-seven million coronavirus relief checks under the $1.9 trillion American Rescue Plan to financially struggling Americans. However, there already have been reports of honest taxpaying …
by Lance Roberts President Biden’s stimulus bill “will cut the number of children in poverty by 40%,” according to the Center on Budget and Policy Priorities. “The current Child Tax Credit and EITC together lift more children above the poverty line, 5.5 million, …
