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The final version of the economic stimulus package offered by Speaker Pelosi the House Democrats no longer includes the U.S. Digital Dollar proposal; however, the language as proposed by Chairwoman Waters of the House Financial Services Committee sti
As Bill Ackman babbles about 'hell on earth', and Ray Dalio commits billions of dollars to pay the bills of health care workers (please take this report with a grain of salt) as his firm's flagship fund was reportedly blindsided by the selloff...
Update (1805ET): Politico's John Bresnehan reports that Senator John Thune said stimulus talks "are stalled out."
It seems the collapse in the stock market and overall global sentiment in the last few weeks has overwhelmed any 'value' seen from leveraging lower mortgage rates. New Home Sales plunged 4.4% MoM (from an upwardly-revised 10.5% MoM surge in February)
The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently amid the coronavirus crisis.
The U.S. is broke. Before the coronavirus made its malign appearance, Washington was set to run trillion-dollar annual deficits this year and as far as we can see beyond.
This Is A Government Imposed Shutdown Of The Private Sector
The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members
Everything Accomplished During the Great Depression to Make Capitalism Workable Has Been Taken Away Resulting in Economic Crisis that Only Debt Forgiveness Can Mitigate
"We need Congressional action by Monday," warned one Republican administration source late last week to Fox.
"We need Congressional action by Monday," warned one Republican administration source late last week to Fox.
The Anti-Defamation League, a far-left social justice group which advocates for online censorship in the name of "fighting antisemitism," is pushing for congress to give them a federal bailout due to the coronavirus.
The US commercial mortgage market is on the brink of COLLAPSE because of the coronavirus crisis says real estate billionaire Tom Barrack and the economic 'domino effect' could dwarf the Great Depression
'We need this to pass TODAY.' Steve Mnuchin pleads with both sides to come up with a deal to get $2 trillion bailout package through Congress
Already strained by unfunded pension obligations, states now face a collapse in tax revenue.
s this the final straw that will push "life-long Democrat" Lloyd Blankfein to finally cross the aisle?
The fear over COVID-19 has gone ballistic. We have moved from rational precaution to mass insanity in a matter of days. The speed with which those seeking power are moving is astounding.
Last November, in an article titled 'The Economic Crash So Far: A Look At The Real Numbers', I outlined the reality of statistical fraud by governments and central banks to hide the ongoing economic downturn.
Mortgage-backed bonds fueled the 2008 housing bust and financial crisis. Such bonds were essentially debt (mortgages) backing up debt (bonds). Since then, in spite of scores of laws designed to stop such risks to the financial system, there has
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Company plans to use funds for "general corporate purposes"
Treasury secretary says Fed will play key role in helping businesses hurt by coronavirus
The damage done to markets will act as a barrier to higher stock prices in the future.
In the aftermath of the great Commercial Paper panic of 2020, which erupted over the past two weeks when initially the Fed failed to launch a Commercial Paper backstop facility...
In slashing its key interest rate to zero in response to the economic calamities imposed by all levels of government ostensibly to fight the coronavirus, the Federal Reserve System is trying to regenerate the crashing stock market.
While the economy continues its unprecedented collapse as a result of the coronavirus and the ensuing lockdowns, there has been nary an industry that has not gone rushing directly to Uncle Sam (and the taxpayer) for a bailout and/or some type of fisc
While the economy continues its unprecedented collapse as a result of the coronavirus and the ensuing lockdowns, there has been nary an industry that has not gone rushing directly to Uncle Sam (and the taxpayer) for a bailout and/or some type of fisc
Host:
Ernest Hancock
Dr Phranq Tamburri (Trump Report) and Keith Cyrnek (aka Tarzan Keith) come in studio to discuss the economy, Trump, Coronavirus, etc... (Marshal Law - PANDEMIC)
"If all you have is a hammer," says the old proverb, "everything looks like a nail." And I'm hard pressed to think of a better way to describe the destruction of the US economy (and many others) over the past few weeks.
And "Jobless Filings Are Growing Geometrically"
The headline on the Drudge Report since yesterday: "Trump Invokes Wartime Authority."
