SAN DIEGO/WASHINGTON – Thousands of migrants are crossing into the United States this week before a new regulation takes effect that could bar most who cross illegally from seeking asylum, while others gathered on the Mexico side amid confusion about US policy. The US rolled out a ...
VALHALLA, N.Y. – US President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the US economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” ...
NIIGATA, Japan – A standoff over raising the US debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders starting on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy. President Joe Biden piled pressure on ...
Blackstone Inc. and Apollo Global Management were among about 20 bidders for some assets of collapsed Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) said on Wednesday. PNC Financial Services, Valley Bank, Citizens Bank and BankUnited were also among the bidders, the FDIC said in a summary document, adding that one or more bidders submitted more than one bid. ...
A central tenet of Keynesian economics is that governments must run budget deficits to stimulate economic growth. But government spending actually shrinks the economy. Original Article: “Government Budget Deficits Cannot Stimulate True Economic Growth” ...
I was honored to spend time on Making Money with Charles Payne, which airs on Fox Business, and give a brief glimpse into why I am not as bearish right now based on the macro. (link below) My macro take ...
When we talk about “participation,” we are referring to the number of stocks actually taking part in a given market move. Presently, we are looking at the rally from the October lows and the indicators we use to assess it. ...
In this week’s edition of Trading Simplified, Dave shows his methodology in action by showing a recent stock pick that he believes has tremendous potential. He then continues his series on the wisdom of Jesse Livermore. This week, he focuses on ...
It is widely held that a growing economy requires a growing money stock because economic growth increases demand for money. Many economists also believe that failing to accommodate the increase in the demand for money leads to a decline in ...
Canada created its central bank during the Great Depression, ostensibly to stabilize the currency and protect the banking system. Today, that system is falling apart, thanks to inflationary central bank policies. Original Article: “Canada’s Legal Counterfeiting Ring Is a Product of ...