The Federal Reserve: More Lethal than Coronavirus
• Ron Paul Liberty ReportLast week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown.
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Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown.
Opendoor, a company backed by SoftBank that specializes in buying homes and flipping them, says now is time to get back into the market.
Legendary stock market investor Warren Buffet added $10 billion in cash in the first quarter of 2020.
Why that's absurd, the wing is on the bird"
The slowdown or even the shuttering of meat processing plants due to coronavirus outbreaks has led to meat shortages and soaring food inflation.
The people running states like New Jersey and cities like Chicago know they're broke.
What we have learned from the Peking Pox:
The "reopenings" underway in 30 states in the US might be in words only just as the ballyhooed "open" Swedish economy is not open in fact and has been closed by non-participation.
According to the CDC's long established mortality models, 687,000 Americans were supposed to die during the 12 weeks between February 1 and April 18.
Yesterday, when discussing the Fed's latest $6.66 trillion balance sheet, we said that more than one month after the Fed announced its backstop for investment grade bonds and ETFs...
We now know that the China coronavirus is deadly disease -- except for with children and healthy adults. If you're in your 70s or 80s with comorbidities it can be very deadly.
Everybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus.
The S&P 500's up over 30 percent from the March 22 closing low. What's more, it's only about 18 percent from its February 16 all-time closing high. Could it be that the market storm's behind us and only sunny clear skies are ahead?
If a reputable polling outfit were to ask Americans what caused the current financial crisis on Wall Street, they would say the coronavirus COVID-19 pandemic.
Need money? No Problem. But you better hurry cause it's going fast.
As with any piss-broke society that functions purely by taking on massive amounts of debt via money printing to try and keep itself afloat, the next obvious step after Central Banks make "loans" by printing money, is inevitable defaults.
The conventional wisdom seems to be that the economy will quickly recover once governments open things up again. But recent moves by the National Football League indicate its leadership isn't so confident.
After a report in the Wall Street Journal appeared to show that Amazon used data gleaned from third-party transactions and used it to for the company's own competitive advantage on its platform, the House Judiciary Committee on Friday announced that
A Virus with a Political Bias?; New York's Tragic Missteps; Chloroquine vs. Remdesivir; W.H.O-Tube; Pharma Owns TV Docs?
As we noted earlier this month, the SEC has sought to proactively combat fraud related to the coronavirus/COVID-19 pandemic and related economic crisis by suspending the trading of at least eleven different companies since February 7, 2020. On Friday
Today, Tim and recurring guest John Sneisen (The Economic Truth) discuss the phrase putting lipstick on a pig and what that means relative to the global economy and the potential end of lock downs in some states.
Ernest Hancock LIVE from The LOV3 Bus in Phoenix, AZ - Tim Picciott joins the show in the LOV3 Bus Studio for The Economic Report
Tesla CEO suggests lockdown isn't saving lives.
The Fed hasn't even started buying corporate bonds. Yet the mere perception of Fed backing helps risky firms borrow anew.
For those of you that were expecting just a "deep recession", I am afraid that you are going to be very disappointed.
Jeff Gundlach and Kyle Bass are not the only ones who think the market's April rally has gone to extremes. A new poll via UBS Global Wealth Management shows increasing concern among the world's wealthiest investors that a pullback in the stock market
In what was perhaps the most illuminating soundbite from the Powell press conference, in response to a question about the sustainability of the US fiscal trajectory in general, and the soaring debt and deficit in particular - both of which the Fed is
Macy's, JCPenney, Neiman Marcus, and now Saks Fifth Avenue: in just a few weeks, the four core pillars and anchor tennants of the US mall sector will file for bankruptcy.
Reuters reported that 1 in 7 Americans relied on food banks before the coronvirus panic but demand now has doubled or tripled. Food-bank networks are running out of staple goods. San Diego, Chicago, and Houston are other cities that reported dwindlin
Bailing out the Illinois state pension system is the worst idea from a week in which we were discussing the health benefits of mainlining Lysol. (Please do not mainline Lysol. It will kill you.)