Sales of new US single-family homes increased to their highest level in more than 13-1/2 years in July as the housing market continues to show strong immunity to the COVID-19 pandemic…
Building Permits, Housing Starts Skyrocket in July, Crushing Forecasts…
New residential construction rebounds strongly, further indicates V-shaped recovery…
U.S. Bankruptcies Are Already a10-Year High As Pandemic Takes Its Toll…
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…
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