Progressives have every right to harbor a seething contempt toward the Wall Street wing of the Democratic Party. Democrats controlled both houses of Congress in the last two years of George W. Bush’s presidency as Wall Street blew itself up and Congress passed the massive taxpayer bailout of the Wall Street mega banks. (Democrats held […]
It’s the Best Start for the Stock Market in 32 Years by One Measure–So Why Is Wall Street So Uneasy…
U.S. equity markets are on an unmitigated tear, by several measures, but the recent span of buoyancy for equity benchmarks, including a nine-week win streak for the 122-year-old Dow industrials, has produced equal parts wonderment and dread. Friday’s finish, for one, capped the best start to a year for the Dow Jones Industrial Average DJIA, […]
Wall Street’s Banksters Are Clandestinely Trading the “Digital Gangster” Stock of Facebook…
Being called a “digital gangster” by an investigative committee of the United States’ closest ally, the United Kingdom, might have been expected by the rational among us to do some serious damage to the share price of Facebook when it opened for trading this morning. The U.K. report was released yesterday when U.S. markets were […]
4,823 U.S. Banks Have Disappeared Since 1999…
At the end of 1999, the year that President Bill Clinton and his Treasury Secretary Robert Rubin brokered the deal to repeal the Glass-Steagall Act of 1933 and allow the casino investment banks on Wall Street to gobble up deposit-taking banks, there were 10,220 federally insured banks and savings institutions in the United States. Today, […]
26 Billionaires Own as Much as World’s 3.8 Billion Poorest People…
While the wealth of billionaires increased by $900 billion last year, or $2.5 billion a day, latest Oxfam report on inequality shows “this bonanza has not been felt by the poorest half of the world, which saw its wealth decline by 11 percent.” With Wall Street titans, tech moguls, and other members of the global […]
Dow Surges 746 Points on Fed Chair Remarks, Jobs Blowout…
Stocks surged with the Dow Jones Industrial Average rising 746 points Friday after Federal Reserve Chair Jerome Powell said the central bank is prepared to adjust policy quickly and flexibly. His comments followed a blockbuster jobs report for December which saw annual wages jump the most since 2008. The Dow’s gain of 3.2 percent is […]
Apple’s ‘Darkest Day’ in iPhone Era Triggers Flood of Price Target Cuts by Analysts…
Shares of Apple Inc. tanked Thursday, after the technology giant’s revenue warning triggered an avalanche of price target cuts by Wall Street analysts. Half of the 41 analysts surveyed by FactSet cut their targets, some by as much as $100. That knocked the average target down by about 13% to $187.03, from $215.91 on Monday, […]
Peter Schiff: We’re in a house of cards that the Fed built…
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 […]
Sabotage? Has the Deep State Destroyed Trump’s Chances of a China Trade Deal?…
Somebody out there apparently does not want President Trump to make a trade deal with China. Just after U.S. and Chinese officials agreed to suspend the implementation of new tariffs for 90 days, one of China’s most important tech executives was literally kidnapped as she was changing planes in Canada. Huawei CFO Meng Wanzhou was […]
Yes, We Are in Another Tech Bubble…
Technology has touched our lives in so many ways, and especially so for investors. Not only has technology provided ever-better tools by which to research and monitor investments, but tech stocks have also provided outsized opportunities to grow portfolios. It’s no wonder that so many investors develop a strong affinity for tech. Just as glorious […]
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