Many Americans have been wondering whether there will be a fourth round of stimulus checks as the federal government continues to distribute the $1,400 provided in President Joe Biden‘s American Rescue Plan. So far, 64 congressional lawmakers have pushed for recurring …
Today’s favorable employment and GDP numbers, pointing to a U.S. economy well on the mend, have to raise a couple of basic questions. With the US economy already recovering, did the U.S. economy really need as large a budget stimulus as the Biden …
https://twitter.com/NorthmanTrader/status/1375428115078512640 The weak U.S. economy is now more reliant than ever on the stronger economies of its trading partners. The merchandise trade deficit in Feb. surged to a record $86.7 billion from an upwardly revised $84.6 billion in Jan. While …
https://twitter.com/PhilipSoos/status/1374699104220057605 The Fed's COVID-era emergency powers to buy corporate bonds in the secondary market was rescinded in December. Now it requires Congressional approval to be reinstated. In a meltdown scenario, corporate bonds will be bidless, and they are trading appropriately. …
In the history of poor purchase judgements, this woman has to be in the top ten. Imagine waiting all this time for a measly stimulus check just to buy one giant, 500 dollar king crab. The woman in the video …
The first batch of $1,400 stimulus check payments have started to arrive in the bank accounts of millions of Americans. The payments were included as part of the $1.9 trillion American Rescue Plan passed by the Democratic House and Senate last week …
We apologize to our customers who may be experiencing an issue with our online banking. Thanks for your patience while we research this issue. If you are impacted, please check back here for updates. — Ask Wells Fargo (@Ask_WellsFargo) March …
An argument over a stimulus check prompted a quadruple murder, authorities say, according to media reports. What are the details? An Indianapolis woman lost four family members after one of her children’s fathers demanded she give him a portion of her …
In today’s show, you will learn why some banks are withholding stimulus checks until Wednesday and why this month’s FOMC meeting might come with a big announcement. We’ll also continue our discussion on the SLR Rule, learn why the primary-dealer …
by Charles Hugh-Smith One glance at this chart explains why the status quo is locked on “run to fail” and will implode in a spectacular collapse of the unsustainable debt super-nova.. For those who suspect the status quo is unsustainable …
AMC is now worth 2x what it was before COVID — Michael Lebowitz, CFA (@michaellebowitz) March 15, 2021 https://twitter.com/NorthmanTrader/status/1371558661231943684 Dow Jones: U can smell the turning point its so close pic.twitter.com/7y3YjyqYeV — The Great Martis (@great_martis) March 15, 2021 Next …
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How the expansion of money supply is boosting gold’s allure, an overview of last year’s precious metals …
The IRS on Friday began processing stimulus checks, which could arrive in Americans’ bank accounts as soon as this weekend. Unlike the prior rounds of checks, families will get a payment for all their dependents claimed on a tax return, …
Exactly 1,307 employees in a Baltimore, Maryland, school district are making over $100,000 per year, despite low test scores, enrollment, and graduation rates, according to a report from Project Baltimore. Baltimore City Schools CEO Dr. Sonja Santelises is the district’s …
‘A Waste Of Money … That Will Cost Every Family Of Four $22,000’: Kevin McCarthy Slams COVID-19 Spending Bill House Minority Leader Kevin McCarthy said Friday that the $1.9 trillion COVID-19 stimulus bill, signed into law on Thursday, is a …
by Shaun Richards Sometimes we have an opportunity like the image of Janus with two heads to look at an event from two different perspectives. This morning’s trade data for Germany is an example of that. If we look at …
via marketwatch: U.S. stocks continue to rally in the face of steadily falling earnings estimates, leading some market commentators to draw comparisons to 2016, when equity markets rose amid a corporate earnings recession. That year, the S&P 500 index SPX, +0.37% rose 9.5% after an …
via Zerohedge: When it comes to China, the past decade revealed two things beyond a shadow of a doubt: i) all of the country’s economic data is utterly meaningless as it is entirely fabricated (in this measure it is not …
Matt from Silver Fortune interviewed by Elijah Johnson of Silver Doctors Gold and silver have undergone a significant downturn the last few weeks. But with the Fed continuing in an easing direction, Matt from Silver Fortune is still bullish. Matt thinks as soon as gold moves …
via Reuters: The Bank of Japan cut its inflation forecasts on Wednesday but maintained its massive stimulus program, with Governor Haruhiko Kuroda warning of growing risks to the economy from trade protectionism and faltering global demand. Rising pressure from the trade …
via Reuters: European Central Bank policymakers are likely to debate new multi-year loans to banks, a potent stimulus tool, in the months ahead as they navigate a “fragile and fluid” global context, minutes of their December meeting showed on Thursday. A …
By Harry Dent I see China as the center of the greatest bubble period in modern history. The emerging world has been on an urbanization tear, especially since 1980, and China has led the way! But, it’s not done so …
Interview with Hayman Capital Founder, Kyle Bass. Bass says 1$ trillion infrastructure stimulus is needed or US will hit a recession. https://twitter.com/askjaychang/status/1072511368010571777
FRANKFURT (Reuters) – European Central Bank policymakers are debating ways to wean the euro zone off years of easy money, floating ideas such as a new kind of multi-year loans and staggered increases in interest rates, sources told Reuters. The …
via fxstreet: Below are some key highlights from the introductory statement delivered by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 26 November 2018. The data that have become available since my last visit in September …
via interest.co.nz: The next economic crisis is closer than you think. But what you should really worry about is what comes after: in the current social, political, and technological landscape, a prolonged economic crisis, combined with rising income inequality, could well …
via confoundedinterest: Following The Great Recession and the financial crisis, The Federal Reserve enacted their zero-interest rate policy (ZIRP) and started buying Treasury Notes and Agency MBS. QE1, the first round of asset purchases by The Fed starting in late 2008, was …
by FS We’ve seen several flash crashes and bursting bubbles this year, accompanied by frothy activity popping up in various sectors and asset classes. This time on the Big Picture, we look at what’s fueling these bubbles and subsequent flash crashes, …
by John Rubino In a normal business cycle, the economy expands for a while and businesses hire lots of new people at somewhat higher wages, generating enough tax revenue to shrink the government’s budget deficit – and in rare cases …
