Another day, another session of triple-digit losses. The leading stock indexes in the United States and Europe saw nothing but red ink on the first day back from the Labor Day holiday. The Dow Jones Industrial Average shed 600 points, the Nasdaq Composite Index plunged more than 400 points and the S&P 500 was down […]
Archives for September 2020
Random Friday: Social Security benefits, iPhone unit sales, Michael Reinoehl
News Story of the Day: How many workers in their 20s and 30s today expect to receive Social Security when they retire? Not too many. But older workers should not be anticipating too much from the system either as cuts loom over Social Security beneifts. With the federal government strapped for cash, the adverse effects […]
#FAKENEWS: CNN accepts Joe Biden’s lie about not banning fracking
The Counterfeit News Network continues to be a fake news organization. Former Vice President Joe Biden recently said in a speech that he will not ban fracking. But video footage of his primary debates and speeches showed that he was in favor of banning fracking. So, which is it? Well, CNN chose to bury its […]
MARKET CRASH: Dow Jones, Nasdaq record triple-digit losses
What are we back in March again? The Federal Reserve’s money printer go brrrr campaign was supposed to prevent these types of market events from happening. C’mon man. In case you missed it, here is how the financial markets performed on Thursday (at the time of this writing): This dip provided a nice buying opportunity […]
How much longer will monetary, fiscal magic prop up the housing bubble?
By: Doug French Make the money cheap enough and government intrusive enough, and incongruous headlines appear side by side. For instance, from the Las Vegas Review-Journal comes this head-scratcher: “Las Vegas Housing Market ‘on Fire’ as Economy Limps Along.” Almost Daily Grant’s reminds us the Federal Reserve is on the job 24/7/365, There’s more where that came from. Last week’s […]