Category In the news

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 Americans from losing…

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 gathering pace at a…

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 dislocation and corporate pain. This past week the news emerged from London that the British are…

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 good state actors.…

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 shutdowns. With negotiations to agree…

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 2020. Despite record…

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 fighter returnees to Europe. The…

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 electoral campaign. The…

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 new peak of 76,590 according…

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 attendance at the…

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 from the U.S. based FinCen…

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 that the “massive buying frenzy” evident in…

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 RW Advisory firm warned…

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, the pension funds are mostly hopelessly…

This past week, the credit ratings agency Fitch struck again, this time at Italy and its troubled sovereign credit rating. Fitch lowered the credit rating on Italian debt from its prior rating of BBB to BBB-. This represented a single…

This past week saw the U.S. economy continue to crater as lockdowns and shutdowns around the nation continued to boost unemployment claims yet again to another scary all-time high. Another 6.6 million Americans joined the unenviable ranks of the newly…