Would Tesla Motors be one of the hottest companies in the stock market if it were not for generous government subsidies? Many jurisdictions worldwide have offered both tax incentives for people who buy electric vehicles and for Elon Musk to open up factories in their locations (just ask China). In Canada, which is facing enormous […]
Money
Peter Schiff: Economic collapse will also eat the rich
Peter Schiff is still one of the best financial commentators around today. He may have been gotten a couple of prognostications wrong, such as gold hitting $5,000 per ounce, but Schiff’s analysis is still fundamentally sound. Schiff recently appeared on RT’s “CrossTalk” to discuss the so-called K-shape recovery and other subjects. He spoke alongside Richard […]
U.S. supermarkets stockpiling food ahead of surging winter demand
Winter’s coming! Is it time to start stockpiling groceries before Old Man Winter returns and the U.S. witnesses another coronavirus outbreak? The Wall Street Journal is reporting that supermarkets are already getting prepared for a huge influx of demand by adding to their supplies. Grocery stores are already expanding distribution capacity, modifying shifts, and increasing […]
40% of New York businesses file for coronavirus-induced bankruptcy
Can millions of Americans and thousands of businesses seek redress from the federal and state governments? Now that we are aware the coronavirus has a 99.6 percent survivability rate, the pandemic has seemed all for nothing. And now Americans are paying the price for listening to the government, particularly New Yorkers. According to Bloomberg News, […]
INFLATION ALERT: Prices rising for goods and services consumers want
There is no inflation if you don’t eat food, live under a roof, or receive medical care. The Wall Street Journal is out with a couple of fascinating charts, using data from the Bureau of Labor Statistics. Put simply, the stuff we want is costing more, and the stuff we don’t want is cheaper. Here […]