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Christopher Waller Confirmed as Federal Reserve Governor; Judy Shelton Nomination Likely DeadDec 3, 2020 - 09:59:52 PST
The previous controversial nomination of Judy Shelton for a similar position is likely over now that she has lost key Republican support and the Democrats have officially gained another seat.
Do You Really Think the Empire Will Sacrifice the Dollar to Further Enrich Billionaires?: CHSDec 3, 2020 - 09:52:18 PST
The Fed is about done with its "rescue" of billionaires and global markets and debtors. Against virtually all expectations of seers, pundits, gurus, etc. the USD is about to start serving the Empire in its foundational role. As for stock markets--the devil take the hindmost.
I got a mystery for you, cause who doesn’t love a good mystery. Record inflows. Week after week, record tech inflows, all year long. Almost daily we get headlines about money coming in and bu…
The news media industry has become corrupted by the profit motive and now intentionally produces content to "entertain" rather than "inform"
The economic crisis caused by the coronavirus pandemic has boosted the gold market.
Following two consecutive months of net sales, central banks resumed buying in October: global official gold reserves rose by 22.8t on a net basis.
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In 2010, the scientific journal Nature published a collection of opinions looking ahead 10 years, i.e., where we are right now.
McConnell Says a Covid Stimulus Compromise Is Within Reach, ‘We Can Do This’Dec 3, 2020 - 07:48:53 PST
Mitch McConnell said "compromise is within reach" as Congress scrambles to strike a relief deal before the end of the year.
“Exodus” in Full Swing: Rents Swoon in SF, NY, Boston, L.A., But Skyrocket in Other CitiesDec 3, 2020 - 07:25:44 PST
San Francisco rents plunged by stunning 27% in 18 months. But in 5 big cities, rents jumped by 20%+. But in some of the cheapest cities, rents dropped.
In Illinois, hundreds of billions of dollars in pension debt are dragging residents and the government at every level, under water.It's not just Illinois, but Illinois Is Ground Zero for the Public-Sector Pension Crisis.
Dec 3, 2020 - 07:11:22 PST
The stimulus proposal McConnell unveiled on Tuesday looked similar to his previous bills that were already rejected in the Senate, raising questions about the likelihood of new deal.
Only government intervention can keep millions of Americans housed.
From JPMorgan’s Jamie Dimon to Salesforce’s Marc Benioff: Top CEOs on More Stimulus From CongressDec 3, 2020 - 06:56:43 PST
Although negotiations surrounding a new coronavirus relief bill have resumed, it is still unclear whether new legislation will pass before the new year.
Kaplan said he wouldn't be in favor of changing the bond-purchasing program even though he sees rocky times ahead for the economy.
Euro Surges To 18 Month High Amid Speculation ECB Is "Out Of Policy Tools"Dec 3, 2020 - 06:41:08 PST
"There is a growing view that further QE won’t help stop the currency from strengthening and the bank has run out of policy tools."
After two months of net global declines in gold holdings, central banks became net buyers again in October.Gold-buying by central banks has slowed from the record pace we saw in 2018 and 2019, but many countries continue to load up on the yellow metal. In October, central banks added a net 22.8 tons of gold to their reserves, according to the latest data compiled by the World Gold Council.
Labor Department's Jobless Claims Have Been "Consistently" Inaccurate: UpdateDec 3, 2020 - 05:40:10 PST
The watchdog also found that millions of workers were underpaid by government assistance during the pandemic...
Despite Initial Claims Drop, Over 20 Million Americans Remain On Unemployment BenefitsDec 3, 2020 - 05:38:12 PST
Pandemic Emergency Claims (PUA) continue to soar as Americans fall off the traditional continuing claims rolls (which plunged from 6.089mm to 5.52mm)...
Who would possibly think that Congress would be stumbling around at the close of the year trying to figure out how to fund the government past Dec. 11 and deliver at least some desperately needed Covid-19 relief funds?