Protect Your Future Today
With millions of Americans having recently entered unemployment, it was no surprise that many families were going to have difficulty paying rent and mortgages. But just how much difficulty they would have has surprised even pessimistic observers. Over 30% of US apartment renters failed to pay their April rent in...
2020 was already set to be an interesting year for investors, what with the increased likelihood of a slowing economy and an oncoming recession. The spread of coronavirus and the reaction to it have taken many by surprise, however, and have resulted in trillions of dollars worth of losses...
As the US economy continues its self-inflicted contraction, job numbers continue to paint a picture of a severely damaged economy. Just about everywhere you turn, the numbers are going from bad to worse. And as long as millions of Americans remain under lockdown, those numbers won’t get better anytime...
With no real end in sight to the coronavirus crisis, and millions of Americans out of work for an indefinite period of time, the US economy is set to enter perhaps its worst financial crisis since the Great Depression. The effects of the current economic shutdown will be felt...
Whenever the Federal Reserve, or any government agency for that matter, intervenes in the economy, it is always going to end up picking winners and losers. Government intervention distorts economic activity, and very often in ways that are detrimental to the functioning of the economy. The Federal Reserve’s latest attempts...
Hope springs eternal in the minds of many investors, who are optimistic that stock markets will regain their former high levels. But with the Dow Jones now closer to 20,000 points than 30,000 points, that isn’t likely. Still, there are major reasons not to invest in stocks and corporate...
The first quarter of 2020 was one of the worst ever for the Dow Jones and the S&P 500. And the first trading day of the second quarter saw the worst ever start for both indices, worse even than the worst days of the Great Depression. With stock markets...
At this point everyone realizes that the Federal Reserve’s balance sheet is set to increase in a major way. The only question is when (or if) it will stop, and how quickly it will increase. Many analysts today believe that the Fed’s balance sheet may very well top $10...
With the spread of the COVID-19 coronavirus around the world, billions of people are taking steps to prevent themselves from succumbing to the virus. But their health isn’t the only thing at risk from COVID-19. Their investments are suffering as well. Stopping the spread of the virus has prompted governments...
With the flurry of actions the Fed undertook over the past few weeks to supposedly “stabilize” financial markets, one very important action has flown under the radar. And it’s one that could have a very debilitating effect on US banks and the entire financial system. One of the elements of...