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[caption id="attachment_15903" align="aligncenter" width="740"] Photo appears courtesy of cnbc[/caption] This past week saw one of the busiest waterways and most important trading passages in the world blocked for days. An enormous container ship stopped all traffic from passing through the Suez Canal in Egypt. The halt...
[caption id="attachment_15839" align="aligncenter" width="840"] Photo appears courtesy of the Los Angeles Times.[/caption] This past week saw warnings sounded regarding a wave of evictions set to begin starting the first week of April. The eviction ban is set to expire at the end of March if President...
[caption id="attachment_15764" align="aligncenter" width="1024"] Photo appears courtesy of CBS News[/caption] This week saw the American Rescue Plan bill make its way back to the House of Representatives. On Wednesday, March 10th the House Democrats voted through this massive $1.9 trillion coronavirus relief bill. President Joe Biden...
[caption id="attachment_15700" align="aligncenter" width="620"] Photo appears courtesy of MarketWatch[/caption] This past week a court ruling emerged that the United States' CDC Centers for Disease Control and Prevention eviction ban is not constitutional. It threatened to overturn the so-called pandemic eviction ban that has kept millions of...
[caption id="attachment_15596" align="aligncenter" width="1024"] Photograph appears courtesy of Equitable Growth[/caption] This past week news emerged that much of the rest of the world's economies are lagging behind that of United States' recovery. Economists at JPMorgan Chase and Company warned that the recovery within the U.S. is...
[caption id="attachment_15542" align="aligncenter" width="800"] Photo appears courtesy of NPR.[/caption] This past week saw an increase in domestic and international travel restrictions in response to the increased varieties of coronavirus making the rounds around the U.S. and especially Florida and the South. Renewed calls for almost unprecedented...
The price of silver surged to 8-year highs ($29.59) over the weekend. But despite reports in Bloomberg, CNN, and Barron's that Reddit was to blame, there's no evidence of a coordinated push among Redditors to go long on the white metal. The recent price movement...
Peter Schiff, longtime gold bug and CEO of Euro Pacific Capital, a hedge fund with $228M in assets under management, is caught up in a Twitter spat with his son Spencer, an 18-year-old college freshman. Unlike more common father-son disagreements over football games or whether one's...
[caption id="attachment_14765" align="aligncenter" width="750"] British PM Boris Johnson and EU Commission President Ursula von der Leyen Photo courtesy of the Daily Express[/caption] It is now less than two weeks time until the long-dreaded Hard Brexit scenario becomes a reality with all of its threatened international economic...
[caption id="attachment_14723" align="aligncenter" width="1024"] Photo appears courtesy of cnbc.com[/caption] This past week several reports emerged concerning the ongoing troubled relations between the United States and China. Secretary of Commerce Wilbur Ross slammed the Middle Kingdom for its failure to meet up to the norms expected of...
[caption id="attachment_14654" align="aligncenter" width="1024"] Photo appears courtesy of The Washington Post.[/caption] This past week, the news emerged of a looming unemployment benefits cliff that is threatening to cut off millions of unemployed Americans who have been badly impacted by the effects of the coronavirus and business...
[caption id="attachment_14578" align="aligncenter" width="959"] Photo appears courtesy of Forbes.[/caption] The economic fallout from coronavirus continued to worsen this past week as governors ignored court orders and imposed lockdowns. Resulting statistics from these and other protective measures have taken their collective toll on the U.S. economy in...
[caption id="attachment_14551" align="aligncenter" width="756"] Photo appears courtesy of Voice of America[/caption] This past week saw a spate of horrific terrorist attacks unleashed on both France and Vienna, Austria at a time when many individuals had seemingly forgotten the still significant power of Islamic extremists and ISIS...
[caption id="attachment_14544" align="aligncenter" width="1024"] Photo appears courtesy of Marketplace.org.[/caption] This past week saw the conclusion of the hardest fought and most controversial election in modern U.S. history as President elect Joe Biden narrowly defeated U.S. incumbent President Donald Trump after a bitter, divisive, and hard fought...
[caption id="attachment_14497" align="aligncenter" width="1024"] Photo appears courtesy of Times of India[/caption] This past week saw the United States struggling with new high numbers of coronavirus cases. Thursday was a high water mark of 88,521 new cases per day elevating the revolving seven day average to a...
[caption id="attachment_14444" align="aligncenter" width="1024"] Photo appears courtesy of Bloomberg[/caption] This past week the news emerged that Disney was forced to let go of 28,000 employees throughout its division of parks, experiences, and consumer products. The extended closures at their theme parks in California coupled with reduced...
[caption id="attachment_14432" align="aligncenter" width="1024"] Photo appears courtesy of the BBC News[/caption] This past week saw a September sell off intensify across global and domestic stock exchanges in markets around the world. On Monday it worsened as banking shares plunged in the light of a leaked report...
[caption id="attachment_14415" align="aligncenter" width="1024"] Photo of Jeffrey Gundlach appears courtesy of Business Insider[/caption] This past week, the "Bond King" of Wall Street CEO Jeffrey Gundlach of DoubleLine Capital joined a growing cast of respected voices warning that a stock market pullback is long overdue. Gundlach stated...
[caption id="attachment_14404" align="aligncenter" width="1024"] Minsky Photo appears courtesy of AZCoin[/caption] This past week several prominent analysts and a Federal Reserve regional president warned of threats to the lofty stock market valuations and recent highs that investors have seen. In particular, Market Strategist Ron William of the...
[caption id="attachment_14370" align="aligncenter" width="701"] Fed Chair Jerome Powell photo appears courtesy of Time[/caption] Despite the new highs the stock market has made in the past week, an economic reality check from the Federal Reserve at their virtual Jackson Hole annual central banker meeting revealed that the...
