Whoever shorted Kodak is raking in the dough right now. After skyrocketing from a buck to as high as $60 in intraday trading last week, Kodak shares are cratered. The stock fell to below $10, although it has pared some of those losses on Monday. At the time of this writing, Kodak is down 28 […]
Archives for August 2020
Federal Reserve buys Apple, Microsoft bonds despite tech boom
The Federal Reserve scooped up more bonds from multi-billion-dollar multi-national corporations last month, giving Wall Street a clandestine bailout. According to new central bank data, The Fed bought corporate bonds from: Apple Microsoft Coca-Cola Walmart Walt Disney AT&T Comcast General Motors BMW These were just the tip of the iceberg. The total value of holdings […]
Why the Federal Reserve hates gold
By: Jeff Deist Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term “Fed Bug,” but she used it to delicious effect in this 2019 Financial Times interview: “People call me a goldbug, and I think, well, what does that make them? A Fed bug,” she says. Can anyone the New York Times attacks this dishonestly be […]
One of the weirdest photos of Joe Biden you will see
Former Vice President Joe Biden should beat President Donald Trump in November just for the hilarity. Biden would be a lot more hilarious than George W. Bush. Of course, it would only be conservative media that would poke fun on Biden, while CNN and MSNBC would scold anyone who would dare laugh at Biden. Should […]
Federal Reserve’s Neel Kashkari recommends six-week lockdown to beat COVID-19
Should the United States shut down again for six weeks? One Federal Reserve official thinks so. According to Minneapolis Federal Reserve head Neel Kashkari, the best way to support the economy and halt the resurgence of the coronavirus pandemic is to close the coutnry for up to six weeks. Co-writing an op-ed in The New […]