The country’s love affair – public and private – continues. The national debt balloons by $2 billion every day, while consumers keeping drowning in red ink. Is there any reprieve in sight? The Federal Reserve Bank of New York is out with a new report that shows U.S. households added $92 billion of debt in […]
Archives for November 2019
Jerome Powell doesn’t see case for subzero interest rates for U.S. economy
Will the Federal Reserve bring interest rates to zero and beyond? Unlike his predecessor, Jerome Powell did not give a clear statement on negative interest rates, choosing to state it is not appropriate for the United States economy at this time. He did not dismiss the possibility of introducing subzero rates, noting that larger economies […]
LOL: Bernie Sanders says AOC could play a ‘Cabinet-level’ role in his administration
In the words of legendary baseball player Dennis Eckersley: Yuck. Speaking in an interview with ABC News, Sen. Bernie Sanders (I-VT) revealed that Rep. Alexandria Ocasio-Cortez (D-NY) would play a key role in his administration. It may go as far as – get this – a “Cabinet-level” position. Yikes. “I happen to believe that the […]
Larry Kudlow confirms U.S. will not remove tariffs until China deal is in place
It’s official: The White House will not be phasing out tariffs until the trade agreement with China is signed. White House economic adviser Larry Kudlow told CNBC on Tuesday that there will not be any tariff adjustments until a U.S.-China deal is made. He did note that a phase one agreement might consist of some […]
WATCH LIVE: Trump impeachment inquiry hearings (day one)
The first day of hearing for the impeachment inquiry of President Donald Trump is here, and it will surely be hours and hours of …. boredom. This is obviously a sham hearing and meant to weaken the president ahead of the 2020 presidential election. Since they tried everything else to oust him from office – […]