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Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that the Federal Reserve's policies create economic inequality
Host:
Ernest Hancock
Dave Hodges (The Common Sense Show) updates us on the recent events (covid, BLM, economy), what's in store for America, future of freedom - Bob Anderson (activist) on Batteries - Tim Picciott (The Liberty Advisor) gives the Economic Report
The new rules make it easier for small businesses to file for chapter 11. And they are.
Economy
The greater fools still partying in the first-class lounge are in denial that even the greatest, most technologically advanced ship can sink.
Why 3 weeks?
Monetary and fiscal policy won't lift us out of the new depression.
The last four months have been an unending nightmare for the U.S. economy.
Following ten years of dismal performance ("oddly" starting with the outlawing of insider trading platforms known as "expert network"), 2020 has been another dire year for the 2 and 20 crowd...
As the inverted pyramid collapses, the effects will be non-linear.
Raising red flags during a bubble is a thankless job. The crowd gleefully cheers the momentum and as tops are processes anyone voicing contrarian reservations looks to be wrong while the bubble proceeds.
Almost 50 Million Americans Have Now Filed For First-Time Jobless Benefits Since Lockdowns Began
Recently the Fed released this reassuring statement: "The banking system remains well-capitalized under even the harshest of these downside scenarios. . ." In other words, everything is just fine.
The recession of 2008 and 2009 was bad, but it was nothing like this.
The reopening of the U.S. economy in May saw a frenetic pace of hiring never before seen in a single month, according to the Labor Department's Job Openings and Labor Turnover Survey, or JOLTS, released Tuesday
The first time governments imposed business closures in the name of fighting the spread of COVID-19, the job market imploded.
"You cannot fight the Fed."
Representative Sheila Jackson Lee (D-TX) on Wednesday called for the passage of a bill to study slave reparations and how distribution would occur. Originally proposed in Jan. 2019, the bill has gained traction since the killing of George Floyd.
With stock-markets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway.
Regarding the tumultuous 2020, there are some who are able to acknowledge the deeper roots of discontent in society ?" the underlying causes of division, angst, and anger.
The pendulum swung to an extreme of globalization, financialization, centralization and monopoly, all of which created extreme systemic fragility.
Host:
Ernest Hancock
Gerald Celente (American Trend Forecaster, Publisher of Trends Journal, Business Consultant, Author) on the recent events (coronavirus; riots; economy) and UNITE FOR PEACE AND RESTORE FREEDOM 4th of July Rally - Dr Phranq Tamburri = The Trump Report
Despite the record surge in the US Macro Surprise Index, May's rebound in 'soft' survey data was much more mixed than many prefer to cherry-pick (PMI rebound much more dramatic than ISM), but flash PMIs suggest June saw the re-opening euphoria is set
The Treasury Secretary and Fed chair will discuss their approach to rescuing the economy at a House Financial Services Committee hearing on Tuesday.
One look at the latest economic data, conveniently summarized by the exploding Citi US econ surprise index, should be sufficient to convince most that the US is well and truly following a V-shaped recovery path.
The imposition of the nationwide lockdowns required elite consensus. There's no way that a project of that magnitude could have been carried out absent the nearly universal support of establishment elites and their lackeys in the political class.
"Some employees moving from CNN Center will be relocated to our Techwood campus in Midtown Atlanta," says company
While recent home sales data has rebounded stunningly, Case-Shiller's home-price appreciation index was expected to show signs of slowing in April (always lagged) - the peak of the lockdowns across the states... but it didn't.
Host:
Ernest Hancock
Jason Henza (freedom activist; anarchist) on liberty, Porcfest, Forkfest, etc...Tim Picciott (The Liberty Advisor) gives the Economic Report - Ian Freeman (Free Talk Live) on activism, news, Porcfest and Forkfest 2020
Fed Chair Jay Powell has released his prepared remarks for his testimony before the House Financial Services Committee tomorrow (with U.S. Treasury Secretary Steven Mnuchin).
