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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...
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...
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...
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...
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...
This past week saw unemployment claims for the week of Aug. 15th rising to above one million once again. Economists surveyed by the Dow Jones company had anticipated only 923,000 total claims. At the same time diverging...
This past week Federal Reserve President (for Minneapolis) Neel Kashkari released a New York Times op-ed that he and Professor Michael Osterholm from the University of Minnesota co-wrote. In this article and...
This week saw U.S. Fed Chairman Jerome Powell at a briefing warning Congress about the country's most severe economic downturn "in our lifetime." The Federal Reserve held interest rates at zero percent as the raft of economic...
It was only last week that the European Union passed its long-awaited, block-wide relief package. The final amount of money that they agreed on for stimulating their stricken economies turned out to be somewhat underwhelming. Early...
This past week it became more clear that the effects of the global pandemic are going to be with us for a long, long time to come. Two highly regarded and respected voices spoke out on the continuing financial and economic crisis in America and...
In just the last two weeks, the International Monetary Fund has warned the financial world that stocks may suffer from another devastating meltdown if the unfolding global resurgence of coronavirus infections causes lockdown measures to be reintroduced...
This past week the news emerged that the total U.S. federal government debt is now up to over $26 trillion. Keep in mind that this figure stood at only around $20 trillion in the final quarters...
Over the weekend, the United States and China engaged in competing uncoordinated naval and air exercises in the South China Sea. While the Chinese undertake these routinely in these waters, for the United States it was...
This week the news emerged that the Federal Reserve's hand has been forced for the first time since the Great Recession. The Feds felt compelled to place new restrictions on...
Legendary former Morgan Stanley Asia Chairman Stephen Roach, currently a respected and widely followed Yale University economist and senior fellow has just shaken up the global FX currency markets with his latest sobering prediction. He warned...
This past week, the IMF cleverly coined a new phrase for the present economic collapse going on around the world in the current "Great Lockdown" economic crisis. Back when the European economic heavyweights were...
This past week China passed a restrictive new law taking away Hong Kong's freedoms under the 20 year lasting One China, Two Systems policy. Protests broke out furiously as the people of Hong Kong...
This past week the news emerged from the highly respected University of Chicago economics research department that massive permanent losses of jobs will be the base case for any future U.S. economic recovery. They...
Stocks plunged most of the week after Federal Reserve Chair Jerome Powell became one of the most famous outspoken voices on the danger the U.S. economy finds itself in these days thanks to the lockdown imposed from...
Over the past several weeks, the news has emerged that state and local governments are so hard up financially that they have even sought help from the big state pension funds. Unfortunately for everyone,...
