Update to A ‘Biden Boom’ And The Corporate Media Is Parroting GQP Gloom And Doom Propaganda. The corporate media is complicit in recklessly feeding self-fulfilling inflation psychology with hysterical reporting on inflation, by reporters most of whom never even took an Econ 101 class in college. They know not of what they speak, so they … Read more
In an emergency move on Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing. Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program: The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity … Read more
The “Trump Slump” recession is coming, it is only a question of timing. Last week the Dow tanked 800 points in worst day of 2019 after bond market sends recession warning and remains volatile: Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal … Read more
If the U.S. economy is really the “best economy ever” as Trump likes to claim, why did the Fed just lower interest rates for the first time since 2008 in the throes of the Great Recession in order to juice the economy? The Fed cut rates for the first time since 2008: The Federal Reserve … Read more
I posted on April 22, Herman Cain withdraws his nomination, time for Stephen Moore to do the same. It took a little longer than I expected, but it finally happened today. Stephen Moore withdraws from consideration for Fed job, Trump says: Stephen Moore, the former campaign adviser whom President Donald Trump had been considering for … Read more