The Federal Reserve money machine is creating a first in the U.S. stock market: a multi-trillion-dollar company. Apple became the first publicly listed U.S. business with a $2 trillion market value. On Wednesday, the iPhone maker’s stock hit $468.65, or roughly a market capitalization of $2.004 trillion. Apple now represents approximately seven percent of the […]
Archives for August 2020
Uh, CNN? Andrew Cuomo calls COVID-19 the ‘European Virus’
This is awkward. Remember when the mainstream media kept referring to the coronavirus as the Wuhan Coronavirus only for the media to then declare that calling it by that name was racist? Well, for whatever reason, Governor Andrew Cuomo (D-NY) decided to give COVID-19 another name: The European Virus. He called it that during a […]
Gold climbs above $2,000 as debt-inflation spiral drives up metal demand
By: Alasdair Macleod Measured in dollars, the current bull market for gold started in December 2015, since which its price in dollars has almost doubled. Other than the odd headline when gold exceeded its previous September 2011 high of $1,920, only gold bugs seem to be excited. But in our modern macroeconomic world of government-issued […]
RECOVERY COMPLETE: S&P 500 touches new record high
Well, the recovery is complete, at least on the stock market. The S&P 500 reached new record highs on Tuesday, driven primarily by Amazon’s immense rally. And you shouldn’t expect anything else from a Federal Reserve pumping trillions of dollars into Wall Street. The benchmark index had topped 3,395 in intraday trading before paring some […]
Sound money goes to Washington? New caucus focuses on sound fiscal, monetary policy
By: Jp Cortez As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy. Congressman Warren Davidson (R-OH) recently […]