Helping You Survive and Prosper in the Greater Depression
The Federal Reserve raised interest rates by 75 basis points on Wednesday. Everyone else pretty much followed the same playbook, except for Turkey, which cut interest rates by 100 basis points to 12%, despite 80% inflation. So, here is a chart … [Continue reading] about A look at the state of global central banks’ monetary policy
What a week to stop sniffing glue. It was bedlam in the financial markets on Friday. Here is what happened in just the morning session: The Dow Jones Industrial Average fell below 30,000 points for the first time since November … [Continue reading] about Dow Jones falls below 30k, crude crashes 5% during market meltdown
JPMorgan Chase CEO Jamie Dimon obliterated Rep. Rashida Tlaib (D-MI) in Congress on Wednesday. When asked if any of the major CEOs would stop funding oil and gas investments, Dimon had this to say: "Absolutely not, and that would be the road to … [Continue reading] about Jamie Dimon destroys Rashida Tlaib in Congress on fossil fuels
Inflation is not going anywhere for a while. It will be a permanent fixture of the economy for quite some time due to its sticky nature. This was pretty much conceded by Federal Reserve Chair Jerome Powell and the Federal Open Market Committee … [Continue reading] about Inflation costing typical U.S. household $11,000 in 2022
Following the Federal Reserve's decision to raise interest rates by 75 basis points, Chair Jerome Powell will hold a press conference to discuss the Federal Open Market Committee's (FOMC) rate hike, current economic conditions, future monetary … [Continue reading] about Watch Jerome Powell’s post-FOMC press conference