Government officials working on measures to stem the COVID infestation made well-timed, highly profitable financial trades as markets fell as the COVID War began and again later as markets rallied, according to a Wall Street Journal investigation.
Tag: U.S. economy
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RETAIL INVESTORS HOLD CASH WHILE WAITING OUT MARKET CHAOS
After exiting equity markets during this year’s chaotic stock sell-off, individual investors transferred $155 billion into money market funds so far this year to take advantage of rising interest rates while stock markets settle down, the Financial Times reported.
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63 PERCENT OF AMERICANS ARE LIVING PAYCHECK TO PAYCHECK, INCLUDING SIX-FIGURE EARNERS
A LendingClub report found that 63 percent of Americans are living paycheck to paycheck, which is nearing its all-time high that was reached in March.
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MARKETS BETTING FED WILL RAISE RATE TO 5 PERCENT NEXT YEAR. WE DISAGREE
Speculators in the interest rate futures market are pricing in a belief that the U.S. Federal Reserve will raise its key interest rate to 5 percent by next May as inflation proves stubbornly hard to slow, the Financial Times reported.
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ECONOMIC UPDATE – MARKET OVERVIEW
As we have long reported, and as the facts and data prove, from the Fed Banksters, to arrogant “government officials” to low-life “lawmakers” (i.e. political pieces of crap), the equity markets are a rigged game that the “insiders” get rich playing.
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U.S. GOVERNMENT’S INTEREST COST SOARS TO $580 BILLION THIS YEAR
The U.S. government has borrowed hundreds of billions of dollars since 2019 to fund health care and an array of stimulus and rescue programs during the COVID War.
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ANOTHER FED BANKSTER BANDIT CAUGHT VIOLATING FINANCIAL DISCLOSURE RULES
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, has amended his most recent financial disclosure report after revealing he had failed to list transactions that violated a Fed rule limiting trades ahead of the central bank’s rate-setting meetings.
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MORTGAGE RATES RISE TO 20-YEAR HIGHS AS HOME PRICES FALL AT RECORD PACE
The national average interest rate on a fixed-rate, 30-year mortgage nudged up to 6.92 percent on 13 October, climbing from 6.66 percent a week ago to its highest since April 2002, the Federal Home Loan Mortgage Corporation (Freddie Mac) announced.
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ECONOMIC UPDATE—MARKET OVERVIEW
Welcome to the global freak show. What a sick, deadly joke. Ben Bernanke, the clown boy who played Fed Head prior to, during and following the “Panic of ’08” (the economic collapse forecast by Gerald Celente who took out the domain name in November 2007) was awarded the Nobel Prize in Economics last week.
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AIRLINE TRAVELERS IGNORE INFLATION, HIGHER TICKET PRICES
The average price of an airline ticket is 43 percent higher than a year ago and 0.8 percent more expensive than in August, but travelers are still taking to the skies in an ongoing post-COVID travel boom.