Artificially Low-Interest Rates a Disaster for Savings
Economy isn’t just spending money; we need savings
Tag: Economy
Nearly 46 Million Americans Have Filed For Unemployment Since Lockdowns Began
388 jobs lost for every coronavirus-related US death
Uncle Ben’s Plans to Change Its ‘Brand Identity’ to ‘End Racial Biases’
“As a global brand, we know we have a responsibility to take a stand in helping to put an end to racial bias and injustices,” the Mars-owned brand said in a statement.
Are We on the Cusp of a New Progressive Era?
If current political and economic trends continue, the 2020s will usher in a new period of drastically increased government activity and regulation of the economy
Fed Policy Actually About Propping Up Wall Street, Not Economy
Chairman assuring everybody that everything is “under control”
Amazon Debuts World’s First Warehouse Picker Robot
Commerce giant employs hundreds of thousands in vast warehouse network
Fed Ups Stimulus Ante, Now Buying Individual Corporate Bonds
Central bank takes “buy everything but the kitchen sink” approach
85 Percent of Independent US Restaurants May Close by Year’s End – Report
Coronavirus lockdowns destroying American small businesses
Why the New Economics Just Boils Down to Printing More Money
The new Keynesian recommendation for monetary policy is to “stabilize the growth of aggregate demand.” In plain language this means that the monetary authorities should never stop flooding the economy with paper money
Trump’s Economic Damage Control Falls Flat
Money printing not creating wealth, adding resources
This Is Why We Are Facing A 6 Week Countdown To Immense Economic Despair…
For the foreseeable future, a large portion of the population is simply not going to resume their normal economic patterns because they are scared of the virus.
Kids Ditching Video Games to Trade Stocks
Day-trading “fundamentals” in jeopardy as Fed makes stocks a risk-free asset
New Jersey Tax Collections Plummet, State Bailouts Imminent
State collections dropped by a record 29%
They Are Telling Us That The 2nd Wave Of The Coronavirus Is Here, And The Stock Market Is Totally Freaking Out
Concern that this could be the dreaded “second wave” that the mainstream media keeps talking about pushed stock prices dramatically lower on Thursday…
UK economy shrinks record 20.4% in April due to lockdown
The UK’s economy shrank by 20.4% in April – the largest monthly contraction on record – as the full impact of lockdown was felt. The monthly decline was outlined in figures reported by the Office for National Statistics (ONS). The fall is three times greater than the decline seen during the whole of the 2008 to […]