Fact or fiction? The Federal Reserve Bank of New York, which artificially propped up the equity markets by pumping in several trillion dollars beginning last September, announced last week they “soon” will begin to reduce the amount of money it makes available to trading houses with short-term “repo” loans. In either a state of denial...
Author: support
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RETAILERS ON THE ROPES
In March, U.S. industrial activity slowed by 5.4 percent from February, the biggest month-to-month drop since the end of World War II. Retail sales shrank 8.2 percent from February, the greatest single monthly decline since 1992 when records began to be kept. Spending in restaurants and bars was off by 25 percent, as were vehicle...
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DOLLAR UP AS ECONOMIES GO DOWN
On 15 April, the dollar gained an additional 0.8 percent in value against a collection of 16 other major currencies. The dollar was strong enough to pull investors away from gold, the price of which retreated 1.4 percent on the day. Several factors drove investors to the safety of the dollar: Stimulus money from the...
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PAYCHECK PROTECTION PROGRAM PROTECTS FEW
The Federal Reserve’s $349-billion Paycheck Protection Program, or PPP, which was designed to lend money to small businesses to fund their payrolls during the economic crisis, saw its funding claimed within minutes of applications becoming available. The Bank of America, which manages a portion of PPP money on behalf of the Federal Reserve, received over...
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U.S. MARKETS
The Dow shed 592 points yesterday, in the wake of a historic crash in short-term oil prices, with benchmark West Texas intermediate crude closing at negative $37.63 on Monday… the first time oil futures had not only reached, but sunk, below zero. The market selloff continued today with indexes across Asia, Europe and the U.S.,...
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CURE WORSE THAN THE DISEASE?
As reported in last week’s Trends Journal, the mass shutdown of the global economy is having the most drastic effects on the poor and middle class. In the U.S., the wealthiest country in the world, aerial photographs show miles-long lines of cars seeking much-needed food bank handouts. Over 22 million Americans have filed for unemployment...
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PSYCHOTIC BREAKDOWN, TOTAL CONTROL
Has the world gone mad? On orders of politicians, over four billion people are locked down. In the United States alone, some 300 million citizens, “from sea to shining sea,” are “sheltered-in-place.” To date, 22 million people filed for unemployment. Multiply that number by the billions out of work across the globe. Do you know...
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SOME AMERICANS FIGHT THE SHUTDOWN
Last Wednesday, Michigan residents went to the state capitol to protest Governor Gretchen Whitmer’s state shutdown, chanting “We are not prisoners.” Called “Operation Gridlock,” the rally attracted an estimated 4,000 people, mostly in cars, voicing anger over Governor Whitmer’s “stay-at-home” orders, which ban residents from visiting any other home except for taking care of a...
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MARKETS AROUND THE WORLD
EUROPE Germany Begins to Gradually Reopen Economy Germany will begin restarting its economy this week, with Volkswagen returning some factories to production before the end of this month. Select kinds of small stores that had been deemed “non-essential” can open now. Schools will reopen 4 May for older students. Younger students will return in stages....
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TREND TRACKING LESSON: “THINK FOR YOURSELF”
The motto of the Trends Journal is “Think For Yourself.” The masters of propaganda, however, slip in words and thoughts to direct readers and viewers with words and phrases that subliminally or overtly do the thinking for you. There is a new phrase being drummed up by mainstream media and which is starting to proliferate...