Wednesday, April 1, 2020
As the country continues to battle coronavirus, cities, including San Francisco, and likely by the time you read this, New York, will have issued shelter in place orders. This means people living in these places, which totals well into the millions, should simply stay home. I’ve talked a lot in the past few weeks about […]
Fed Chairman Jerome Powell’s Strategic Plan 2020-23 tells us: “The Federal Reserve Board’s highest priority is to promote a strong economy for the American people by fostering the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems. “The most terrifying words in the English language are: I’m from the government and I’m here to […]
On Monday, the major stock indices in the US were all down at least 7% for the day. It was the largest one-day drop since 2008, the year the Great Financial Crisis started. This time around it’s not subprime loans causing the meltdown, but a highly contagious virus and an oil price war. While stocks […]
The American Dream is simple: A fruitful career, owning your own home, and eventually reaping the fruits of your labor with a financially secure retirement. Unfortunately, for most Americans, the ‘American Dream’ is turning into just that: A dream. And it’s all thanks to what I call the $30 Trillion Retirement Scam”, you may be […]
The recent, short-term, stock market crash has led to a “flight to quality,” which means money running out of stocks and into safe investments such as U.S. Treasury notes. Demand for Treasuries lifts bond prices, which has the mathematical effect of pushing down yields. Over the last two weeks, the yield on the benchmark 10-year […]
What is the Federal Reserve up to? Do they see a huge storm on their radar they are not telling us about? The banking/investment world has changed radically since the repeal of the Glass-Steagall Act allowing banks to merge with Wall Street investment firms. I recently asked, “Will The Next Bank Bailout Bankrupt America?” and followed it […]
I write this on Monday, with the major stock indexes down more than 3%. For the Dow Jones Industrial Average, that means a 1,000 point decline. Dividend stocks can be included in that decline. Now, six weeks after the Chinese government verified its existence, the investing world has become fearful that the spread of the […]
An exciting growth area that has captured investor interest lately, as evidenced by some of the stock action we’ve seen in companies related to the sector, is space. Even the U.S. government, at the direction of President Trump, has become focused on protecting, and putting more money into, space. If the creation of a U.S. […]
With all the political hoopla going on sometimes it is hard to separate fact from fiction. In 2019 the Fed made a quick U-turn, from raising interest rates to cutting them. The stock market continues to hit all-time highs, and the drums are beating louder about when the stock market bonanza will end. Dr. Lacy […]
I recently asked, “Will the Next Bank Bailout Bankrupt America?”. The casino banks risky derivative bets are much higher than the last bailout a decade ago. The risks will come home to roost and they will expect taxpayers to bail them out again. I concluded: “Keep and increase your gold holdings. True reform would take us […]
