So much for the advice from major investors to avoid buying the tip in financial markets. For the second day in a row, the U.S. stock market is rallying. On Tuesday, here is what the leading stock indexes are doing: As long as the Federal Reserve pumps money into the economy and keeps interest rates […]
Archives for February 2020
America’s Green New Deal or Europe’s Green Deal? Same Hysteria, Same Destruction
By: Andrew Moran Today’s brand of the left-leaning politician is all about substituting what sounds good for what actually works. Modern politics, whether in the U.S. or Europe, is about taking a chainsaw to everything that produced even a modicum of success to appease the deities espousing progressive orthodoxy. There is no better example of this […]
German banks running out of space for cash reserves amid NIRP
Here is something to file for future reference. German financial institutions are hoarding so much cash amid subzero interest rates that they are running out of room. Reportedly, these banks are stuffing euro banknotes inside other vaults. If you want to invest in European stocks, consider vault makers and security companies! Bundesbank data show banks […]
China injects $174 billion into economy to limit damage from coronavirus
The coronavirus is getting worse in mainland China. The death toll reached 361 and the total number of people infected with the virus surged to 17,328. As expected, the stock markets crashed on the first day back from the prolonged Lunar New Year holiday. Mainland China’s main share benchmark, the Shanghai Composite index, cratered close […]