News Story of the Day: Social Security benefits are expected to get an increase next year, according to the Senior Citizens League. The group estimates that SS will likely get a 1.6% cost-of-living adjustment in 2020, down from the 2.8% boost in 2019. This will represent roughly $23.40 per month, down from $40.90 this year. […]
Archives for September 2019
White House still ‘seriously considering’ selling 50-year bonds: Mnuchin
How do you know how bad the government’s finances are? When they start considering 50- and 100-year bonds to keep the mirage going. After a few years of Will They-Won’t They?, Treasury Secretary Steven Mnuchin confirmed to CNBC that the federal government is “seriously considering” selling ultra-long bonds. Mnuchin told the business news network: “This […]
A ‘Looming’ Recession Is a Golden Opportunity for Investors
By: Stefan Gleason It’s the most widely anticipated recession in history. The recession hasn’t arrived yet – and may not do so anytime soon – but the mainstream media still can’t stop talking about it. Consider this strange article from NBC News. It purports to show that young adults are posting dark, ironic memes to social media […]
ECB deepens subzero interest rates, relaunches QE
Well, the European Central Bank (ECB) has returned to quantitative easing and is deepening Europe into subzero territory. In his next-to-last policy meeting, ECB President Mario Draghi pulled the trigger on an interest rate cut and going through with another round of QE. Subzero interest rates and QE are how we do this, baby. On […]
Did the botched Taliban meeting get John Bolton fired?
By: Mark Angelides National Security Advisor John Bolton has been fired by President Trump, who cited strong disagreements. The news came as a shock to many in the media who likely received their first clue via Trump’s favored delivery method. He tweeted: “I informed John Bolton last night that his services are no longer needed at the […]