By: Andrew Moran Do you hear that? It is the sound of China and Russia laughing at the implosion of the West as politicians concentrate their energy on reciting the chief tenets of wokeology. As part of their public policymaking pursuits, elected officials and bureaucrats abandon common sense and eradicate their little gray cells to spotlight their […]
Archives for April 2021
Federal Reserve leaves interest rates at 0.25%, dismisses rising inflation as ‘transitory’
The Federal Reserve has spoken… The United States central bank left its benchmark interest rate at 0.25 percent during the April Federal Open Market Committee (FOMC) policy meeting. Officials also decided to keep the Eccles Building’s monthly $120 billion bond purchases intact. The moves were widely expected. In a policy statement, the Fed acknowledged rising […]
Thanks Trump? Biden’s first 100 days deliver 25% return for S&P 500
Thanks Trump? President Joe Biden had a superb first 100 days in the White House since the Second World War, at least from the perspective of the financial markets. According to the Business Insider, S&P 500 returns were 25 percent, beating the previous record of 20 percent controlled by former President John F. Kennedy. President […]
Here’s the steel deal: Biden keeps Trump’s tariffs on steel
By: Andrew Moran Despite calling his predecessor the worst president America ever had, President Joe Biden has copied or maintained many of his policies. Be it plagiarism of the Made in America initiative or Abraham Accords in the Middle East, the Biden administration is conceding that a lot of former President Donald Trump’s measures may not have been liked […]
80% tax for bitcoin? Reports suggest new regulations coming for crypto market
Are new regulations coming for bitcoin? Analyst Charles Gasparino wrote in the New York Post on Saturday warned that the $2 trillion cryptocurrency market could face some “serious regulations that will quash exuberance over crypto. “Ask Wall Street’s C-suite types about cryptocurrencies, and they all admit they’re getting into them one way or another. But keep […]