Sam Zell, the angry billionaire, recently appeared on CNBC to talk about the $1.9 trillion stimulus and relief package. He made some good points, such as not giving it to college students but rather people who need it to eat. He also talked about the rampant speculation in the financial markets and the Reddit trade. […]
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Janet Yellen: ‘I have spent many years studying inflation and worrying about inflation’
Oy vey! Treasury Secretary Janet Yellen has a message for policymakers: The U.S. government needs to consider rising inflation rates when doing fiscal stimulus packages. Speaking in an interview with the Counterfeit News Network, Yellen addressed the inflationary aspects of President Joe Biden’s $1.9 trillion stimulus and relief plan. Yellen essentially dismissed the concerns by […]
Tesla Motors buys $1.5 billion in bitcoin as Elon Musk champions cryptocurrency on Twitter
Elon Musk, the billionaire trollster, is backing up his love for cryptocurrency by having Tesla Motors purchase a huge amount of bitcoin. According to a Securities and Exchange Commission (SEC) filing, Tesla bought $1.5 billion in bitcoin, which is still a drop in the bucket when the company has about $20 billion in cash and […]
MAGA? Trade deficit widens in 2020
Wasn’t former President Donald Trump and his protectionist agenda supposed to eliminate the trade deficit? Well, that did not happen. According to the Department of Commerce, the U.S. trade gap advanced 17.7 percent in 2020 to $679 billion, the highest level since 2008. This is also up from $577 billion in 2019. Exports plummeted 15.7 […]
Silver recovers 2% following rout
What’s the deal with the silver in the middle of the trading week? Silver prices plummeted on Tuesday when it discovered that Reddit’s Wall Street Bets was not behind the white metal’s dramatic push. The forum-turned-decentralized hedge fund was widely against it, deciding to continue putting it all on GameStop. It was an 11 percent […]