Stocks bounced higher on Wednesday following Tuesday’s relief rally, responding to another positive employment report from ADP/Moody’s: The economy notched a gain of 227,000 new jobs in October.
The national debt of the United States government jumped by $1.3 trillion during the fiscal year ending September 30, and the U.S. Treasury will issue new debt in the amount of $1.34 trillion.
Bear Market in Stocks Not Likely
Written by Bob Adelmann
Is the recent stock sell-off likely to continue? Is this a precursor to a decline in the economy? Not according to managers of millions of investors’ funds, who remain bullish on the economy.
White House Issues Attack on Socialism in Response to Sanders’ “Medicare for All”
Written by Bob Adelmann
President Trump’s Council of Economic Advisors released a 72-page report explaining the dangers in enacting Bernie Sanders’ socialist healthcare takeover called “Medicare for All.”
Wednesday’s selloff on Wall Street can be laid primarily at the feet of the Federal Reserve.
More...
California Middle Class Disappearing
Written by Warren Mass
Middle class California residents — who are no longer able to afford living there — are leaving the state in large numbers, fleeing to Idaho, Nevada, and Arizona.
Especially considering the low unemployment rates, momentum is shifting toward Republicans in the midterms, but Independents will determine the outcome.
Amazon, the largest Internet retailer in the world, purchased Kiva Systems, a robotics company specializing in shipping goods, in 2012, and it transformed, and continues to transform, the company.
Growing U.S. Economy Unable to Keep Up With Growing Government Spending
Written by Bob Adelmann
No matter how strong the economy and the resulting revenues to the federal government, government spending will continue to outpace them, likely leading to government default by inflation.
Is the Fed Trying to Kill the Trump Economy?
Written by Bob Adelmann
Is this the beginning of the end? Is this the death knell for stocks and bonds, administered by the Fed in the name of taming “inflation?”
Should a private monopoly have the kind of power exercised by the Federal Reserve System?