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Shortly before the close on Monday, the New York Fed issued a surprise announcement according to which it pushed forward the start time of tomorrow's month and quarter-end Overnight Reverse Repo operation...
As you've probably already heard, the US government unleashed a giant tsunami of money on Friday, passing a $2 trillion stimulus bill to help boost the economy during the Covid pandemic.
As I write this, I am no longer "allowed" to frequent businesses the state has deemed to be "nonessential."
If you've been following your financial advisor's advice of "invest for the long term" for the last several years you've been living fat, dumb and happy...until now.
Neel Kashkari, famous for coming out several days ago and giving one of the most bizarre 60 Minutes interviews of all time (an interview in which he claimed that the Fed had "infinite" cash) is now out giving life-lessons about when and how the Ameri
In a veritable treatise on all that was wrong with The Fed's actions, Jim Grant - founder and editor of Grant's Interest Rate Observer - was somehow allowed nine minutes on CNBC's Squawk Box to put America straight on what we are facing and the conse
This guy is too busy being a Left-wing hack to worry about the facts
In this extended interview, Dr. John Ioannidis of Stanford University cautions that we do not have reliable data to make long-term decisions about COVID-19, and that an extended lockdown might have far graver effects than the disease itself.
Watch as Luke, Tim, and economic historian John Sneisen recap the day's most outrageous economic news.
Republicans who have spent the past decade howling about the danger of ballooning deficits embraced the coronavirus rescue package approved by Congress and signed by President Donald Trump, shrugging off past concerns about spending in the face of a
Ever think that the criminals in government, or in the private banking interests, should be charged for their crimes?
The tariffs on imports was touted as a benefit to U.S. companies. Now they are going to be suspended duty to the financial strain?
Shortly after 4pm on Friday, president Trump signed into law the $2 trillion fiscal stimulus also known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)...
In the past few weeks, the coronavirus-triggered market meltdown has cost America's top one percent dearly.
Fauci's Research Fraud Endangers Every Life In America and Will Lead to the Complete Collapse of the Economy
The COVID-19 pandemic can be used to illustrate two problems that are both more destructive than the virus.
Earlier this morning we showed something remarkable in the Fed's ongoing attempt to inject a record amount of liquidity into the financial system: on Friday morning, the Fed held a $500 billion term repo operation and nobody showed up.
The U.S. government is enacting measures to save the airlines, Boeing, and similarly affected corporations.
The Age of Terror was inaugurated with a series of controlled demolitions in New York City on September 11, 2001. Now the world is being led into the Age of Biological Terror with a controlled demolition of the economy that is already causing unprece
A great deal of information has come out in the past week that shows that those leaders who destroyed our economy will find themselves on the wrong side of history.7
A favorite phrase of Bank of America's chief investment strategist, and certainly an accurate one, is that "Markets stop panicking when policy makers start panicking."
The U.S. Federal Reserve's balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in
When the Senate unanimously passed a $2 trillion economic rescue plan late last night, it was targeting tens of millions of middle-class American households many of whom had lost their jobs, and whose lives had ground to a halt due to the global coro
The Senate's $2 Trillion Coronavirus Relief Package is not fiscal stimulus and it's not a lifeline for the tens of millions of working people who have suddenly lost their jobs.
Update (1500ET): A top U.S. regulator is exploring whether to throw a lifeline to mortgage servicers stressed by the coronavirus pandemic by tapping a program meant to address natural disasters.
To kick things off, Luke dives straight into President Donald Trump's 96-0 Congratulations America tweet, which was a reference to the government approving the $2 Trillion Stimulus package.
Host:
Ernest Hancock
John Sneisen (The Economic Truth) come on the show to discuss current economic and market conditions - Bretigne Shaffer (Author) on her new podcast, 'What Then Must We Do?', and thoughts on the Coronavirus
So, you're printing up six trillion dollars, giving 7/8ths to banks and corporations and 1/8th back to us… which we'll be taxed on… plus, all that money creates a monster deficit that our children be expected to pay back anyway?
Accompanied by soft piano music playing in the background, the official said: "Your money is safe at the banks. The last thing you should be doing is pulling your money out of the banks thinking it's going to be safer somewhere else."
While dates of a few weeks have been floated about, no one really knows when these lockdown orders will be lifted...That means that a sizable portion of American workers who cannot work from home and are simply out of a job are going to be out luck a
