Markets were celebrating a DONE DEAL. Stocks headed much higher, and the largest-ever fiscal and monetary financial aid package was underway. It was already signed and sealed, but the presidential hopeful, Bernie Sanders, wanted to make sure he made a splash and also...
That’s it; we’ve now seen that both the Federal Reserve and Treasury Secretary Steve Mnuchin are definitely ready to BOMBARD the U.S. economy with virtually UNLIMITED liquidity – cost and unintended consequences be damned. On Monday, the Federal Reserve...
Since 2008, the middle class and the working class have SEEN ENOUGH of corporate bailouts. Now, when CEOs shout that they’ll go bust if Washington doesn’t provide liquidity, Congress isn’t so quick to be the lender of LAST RESORT. Americans distrust...
At this point, society is being REARRANGED. Forget everything you know about our political, judicial, and financial systems, and the values we cherish. Basically, discard anything you thought America stood for. America is fighting for survival. It’s a DO-OR-DIE...
Yesterday, in one of the worst-ever days on Wall Street, we halted one and nearly HALTED, due to the 2nd circuit-breaker, which only triggers at -13%. It was THAT CLOSE! Then, the FED deployed the torpedo of QE5, promising to purchase $500B in bonds and an additional...