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Although a digital dollar may sound appealing to many people, few have considered the kind of all-consuming power and authority this would give to governments and the technocratic elite.
Luke and Tim get into all of the many reasons why investors shouldn't trust the stock market's recovery today. As always lately, there is much bigger news brewing.
Even before the Covid-19 crisis had slashed stock prices nearly in half since it erupted in January, financial markets were in an inherently unstable condition.
The process by which money is created is so simple that the mind is repelled." – JK Galbraith
Dear Jay Powell, you have a problem...
Just last Friday we reported that the number of distressed debt in the US - roughly defined as bonds with a spread of over 10% - had soared, doubling in just two weeks to a remarkable $500 billion. Well, double it again.
While it will take some time to sort through all the pork contained in the massive $2 trillion coronavirus legislation negotiated between the Trump administration and Congressional leaders early Wednesday, here are some of the major provisions via Bl
THE CORONAVIRUS COVID-19 HAS UPENDED everything, including business as usual in Washington. In a matter of days, facing the reality of a nationwide shutdown and a worsening economic crisis, Congress got serious about spending money--a lot of it.
Conservative commentator Glenn Beck, 56, says he 'would rather die' than continue shutdown and that over 50s should work to keep the economy going because 'the country is dying'
In February, the general consensus among large investment banks and supranational entities was that there would be a one-time impact on GDP in the first quarter due to the impact of the coronavirus, followed by a stronger recovery in the form of V.
Along with the human death toll of the COVID-19 pandemic, the economic carnage is mounting.
It finally happened.
You never let a serious crisis go to waste, as Rahm's Rule says. Never was there a more concise summary of both the promise and dysfunction of American politics.
Before analyzing the emergency plans that the global economy needs, we must remember that, as in the past, the prudence and responsibility of the civil society and businesses will help us to get out of this crisis.
The coronavirus crisis has brought another first to U.S. financial markets -- negative yields on government debt.
Now, watch as CFP Tim Picciott and world economic historian John Sneisen discuss the following events in world financial news: * Parallels to the Great Depression * Government overreach and infringing on individual's rights * Donald Trump's positio
Pelosi's $2.5 Trillion Corona-Counterproposal Includes Delays For Mortgage, Auto, And Credit Card Payments
Trump says America may reopen after 15 days. He'll even defy doctors' orders to re-open businesses and restore the US economy. But what's likely to come from those actions, if they are enacted?
In all of the recent news about the postponing of the 2020 Tokyo Olympics and the spread of a contagious virus, it's easy to get lost, but Luke and Tim get you back on track and focused on the real news: what the fed has already done.
The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members.
Host:
Ernest Hancock
Andrew Henderson (Nomad Capitalist) on the domestic/global economy - Tim Picciott (Wealth Manager @ Innovative Advisory Group) gives The Economic Report - Dr Judy Mikovits (PhD, Molecular Biology) joins the show to discuss vaccine-related issues, vac
Update (1115ET): Coindesk's Nikhilish De reports that mentions of a "digital dollar" in a coronavirus-related relief bill before the U.S. House of Representatives have been scrubbed.
"We cannot let the cure be worse than the problem itself," tweeted the president on Sunday night, adding that, after the current 15-day shutdown, "we will make a decision as to which way we want to go."
Here is a snapshot of America's bailout culture: beggars, and those demanding bailouts, can not only be choosers, but can dictate under what terms they are bailed out.
If the dream is won Though everything is lost We will pay the price But we will not count the cost – Bravado, Rush
On the day when The Fed unveils it will be buying agency MBS and CMBS (along with IG corporate debt) in unlimited size "to maintain the smooth functioning of markets," The Wall Street Journal reports that for at least one major mortgage investor - it
Welcome to the latest episode of our ongoing "Pigs At The Trough" series, documenting how companies who have taken zero financial precautions over the last decade are now rushing to Uncle Sam and the American taxpayer for their "do-overs".
Gasoline futures in New York fell as much as 13% to 50.00 cents a gallon, the lowest level since the current contract started trading in 2005.
In mid-February, The Dow was up almost 60% from Trump's election...and now, it's gone.
America has no choice if it is to avoid total disaster.
