Economic analyst Peter Schiff, who accurately predicted the 2008 recession said recently that we are not in a bear market. Instead, “we’re in a house of cards that the Fed built.” Schiff is referring to the Federal Reserve, the United States’ central bank that answers to no one, has no competition, and has been responsible […]
U.S. Secures 20-year Deal to Supply Natural Gas to Poland…
Poland has signed a long-term deal with a U.S. company for supplies of liquefied natural gas as part of an effort to reduce its dependence on Russian energy, the two sides announced on Wednesday. Port Arthur LNG, a subsidiary of San Diego-based Sempra Energy, and Poland’s state gas company PGNiG jointly announced the agreement for […]
Stocks Look to Be in for More Pain After Fed-Day Rout: ‘The market is in no man’s land’…
Stocks are extremely oversold, but investors still seem bent on selling after the Federal Reserve disappointed markets with a less dovish message than expected. “The bears have been writing the script,” said Scott Redler, partner with T3Live.com. The S&P 500 lost 1.5 percent Wednesday to 2,506 and is nearly 15 percent off its September high. […]
Here’s What Spooked the Market About the Fed Today…
Powell Breaks the Market…
Fed Raises Interest Rates, Stocks Plunge…
Yes, The Fed’s FOMC announced another 25 basis point increase at the last Fed meeting for the year) while decreasing their outlook for next year. Fed officials tweaked their forward guidance to say “some” further gradual rate increases will still be needed…
The Fed Is Panicking by Nomi Prins…
REPORT: Boy Scouts of America May File for Bankruptcy…
The Boy Scouts of America are considering filing for bankruptcy, according to a report released Wednesday. The Wall Street Journal states leadership of the youth organization, mired in sexual misconduct litigation, hired the law firm Sidley Austin LLP to explore a wide range of options, including petitioning for relief under Chapter 11. On Wednesday, Boy […]
Circling the Swamp? The Five U.S. Counties with Highest Household Incomes Surround Washington D.C….
The five counties in the U.S. with the highest median household incomes are surrounding the Washington, D.C., metro area. The 2013-2017 American Community Survey found in its report released Thursday that the five-year estimates shows Loudoun County, Va.; Fairfax County, Va.; Howard County, Md.; Falls Church City, Va.; and Arlington County, Va., are the top […]
155k Jobs Added to November’s Payroll…
U.S. Secretary of Labor Alexander Acosta today issued the following statement regarding the November 2018 Employment Situation report: “President Trump’s policies continue to fuel strong and steady job growth. Two full years since the President’s election, 4.6 million jobs have been created, including 155,000 in November. Job gains were significant in manufacturing and transportation and […]
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