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Politicians are successfully delaying the inevitable in an election year, but that doesn’t change the fact that another stimulus bill will be necessary and soon, just in order to keep many Americans out of growing food lines, unemployment lines, and shelter camps. U.S. Treasury Secretary Steve Mnunchin, who’s been MIA from public view for at

Famed investor and Galaxy Digital CEO/Co-Founder, Michael Novogratz has joined the growing fray of officials anticipating a bull run for gold beyond $3,000 by the end of the year. Having breached the 2,000/oz. barrier and achieved a new high last week, it has since settled back to consolidate, just under that level. Novogratz went on

Media is warning that markets are being too complacent about factoring in the risk that coronavirus poses to the global economy. The reported number of cases has already outpaced expectations and it is a major suspicion of news agencies that China has been dramatically underreporting actual figures. Nevertheless, U.S. stock indexes have continued to reach

It was reported this week that a United States postal worker was caught with a public storage unit full of mail that he never delivered. Jason Delacruz pleaded guilty in August of 2019, to charges of delaying mail delivery to residents in Chesapeake, Virginia. He is scheduled to be sentenced on February 12, 2020. When

In its recently released, biannual, Global Economic Prospects (GEP) report, the World Bank issued a warning that the current debt wave (the 4th in the past 50 years) is the largest, fastest-growing and most broad-based. It shows that in 2018, the total debt in “Emerging Markets and Developing Economies” rose to almost 170% of GDP.

The U.S. killing of Iran’s Revolutionary Guard leader, Qassem Soleimani, blindsided almost everyone, but it puts Europe squarely in the crosshairs for retaliation by association and they are ill-equipped to handle it. As the UK continues to pursue an exit from the EU, the remaining monetary union remains divided. The major economic shock that may

This time last year, chances are good you were sitting on a loss in your portfolio.  By itself, last December was the worst month for the stock market in nearly ninety years. The S&P was down 14% and the DJIA was down 15%. Since we closed out last year, we’ve managed the melt-up everyone was

As volatile as the stock market has been so far this year, as we approach the end, it appears we may be in for one last economic surge. Michael Wilson, Chief U.S. Strategist with Morgan Stanley, is suggesting that accommodative central banks, providing fresh liquidity to already buoyant markets, combined with easing Brexit uncertainty, and

The DJIA, NASDAQ, and S&P 500 all hit new intra-day highs yesterday, as well as a new DJIA closing high today. President Trump tweeted about them saying, “Enjoy.” But what most Americans are failing to understand is that 84% of all stock market wealth is owned by the wealthiest 10% of all Americans. Further, that

The Paris-based Organization for Economic Cooperation and Development (OECD) is doubling down on repeated warnings that U.S./China tensions, weak investment, and disproportionate trade flows are nothing more than the tip of the asymptomatic iceberg. Those remain major concerns, but they also point to even greater systemic challenges emanating from, for example, climate change, technology and