More Americans have confidence in Jerome Powell than any Federal Reserve chair since Alan Greenspan. His decisive $2 trillion stimulus packages mean more Americans think he will do the right thing than Donald Trump. But how will Americans react when Powell’s generosity ends, and the bill has to be paid? America has a soft spot…
Barclays has downgraded its year-end price target for the S&P 500 Index by a whopping 16%. The bank isn’t discounting the possibility of an ‘L-shaped’ recovery as opposed to the ‘V-shaped’ rebound many economists are forecasting. Dr. Anthony Fauci says the U.S. should see the “beginning of a turnaround soon,” but don’t expect economic activity…
The latest Federal Reserve consumer credit report released on Tuesday. It shows record levels of outstanding credit in February: $4.2 trillion. With unemployment rocketing, another financial crisis is around the corner. Total outstanding U.S. consumer credit stood at nearly $4.2 trillion in February. According to the latest consumer credit report from the Federal Reserve, seasonally…
The U.S. housing market could lose 4% of its value. Unemployment claims and layoffs would be a headwind. Demand is expected to fall off a cliff thanks to the coronavirus pandemic. The U.S. housing market is going to be one of the biggest victims of the novel coronavirus pandemic as people lose jobs and the…
Trump’s presidency has been a boon for U.S. tech giants. But Silicon Valley is backing disruptive Democrats by an overwhelming margin. The president’s “MAGA club” is lining up behind Bernie Sanders – not Donald Trump. President Donald Trump has unofficially licensed his MAGA slogan to Silicon Valley’s four most prestigious companies: Amazon, Apple, Google, and…
