Gold and silver sold off when Russia announced that it had an effective vaccine for coronavirus…
Petulant Princess Nancy Heads Home…No Wuhan Virus Deal for Anybody…
Republicans in Congress are furious that Democrats left town after failing to reach a deal with them on a phase 4 coronavirus stimulus package…
Tech Giants Back Legal Challenge to Trump’s Foreign Worker Restrictions…
Top U.S. tech firms including Amazon.com Inc (AMZN.O) and Facebook Inc (FB.O) filed a legal brief on Monday backing a challenge to U.S. President Donald Trump’s temporary ban on…
Stockman Slams “Lockdown Lunacy” – Your Government Ordered Depression Has Arrived…
Well, the Virus Patrol sure has done it. In a fit of reckless overkill they have managed to vaporize six years of economic growth during the last 90 days. And that’s just by the mechanical reckoning of the GDP accounts, where total output in Q2 weighed in at essentially the same level as Q4 2014. […]
(Shhh! Don’t Tell Wall Street that the Fed is Tightening.) Repo Loans Hit Zero; Fed Balance Sheet Shrinks by $248 Billion in a Month…
Beginning on September 17 of last year, months before the first COVID-19 case had been discovered anywhere in the world, the Federal Reserve – for the first time since the financial crisis of 2008 – jumped into the repo loan market, where financial firms borrow from each other overnight, and began making tens of billions […]
Democratic Congresswoman Ilhan Omar Calls for the ‘Dismantling’ of U.S. Economy and Political System…
Democratic Minnesota Rep. Ilhan Omar called for the “dismantling” of the U.S. economy and political system Tuesday. “As long as our economy and political systems prioritize profit without considering who is profiting, who is being shut out, we will perpetuate this inequality,” Omar said. “We cannot stop at criminal justice system. We must begin the […]
Trump to Close Loophole That Gives 50K U.S. Jobs to Border Crossers Every Year…
Trump Sets Regulation to End Cheap-Labor H-1Bs…
Trump to Cut Immigration by 525,000 in Effort to Open Jobs for Unemployed Americans…
President Trump is suspending five classes of visas through the end of the year in an effort to open more than half a million jobs to Americans, according to three senior administration officials. Trump will extend the 60-day halt he took April 22 toward incoming green card recipients, or those who have been approved to […]
May Retail Sales Surge Most on Record as US Returns to Work After Coronavirus Shutdowns…
U.S. retail sales surged the most on record last month, the Commerce Department said Tuesday, as millions of Americans returned to work following weeks of coronavirus-triggered lockdowns that shuttered the world’s largest economy. Retail sales rose 17.7% in May, the Commerce Department said, well ahead of the 8% forecast and well ahead of the downwardly-revised […]
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