If you thought the last two weeks were bad for stocks, they just went from bad to worse. The Dow Jones dropped almost 1,900 points to start the day, an over 7% drop. The S&P 500 dropped 7% too, triggering the New York Stock Exchange’s first circuit breaker, the first time that has happened since […]
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With the Federal Open Market Committee (FOMC) moving last week to cut its target federal funds rate by 50 basis points, all eyes are on next week’s FOMC meeting to see what the Fed does next. The expectations are for the Fed to continue cutting interest rates, as other central banks such as the Australian […]
Continue ReadingThe smoke had barely cleared from the Super Tuesday primaries before the Democratic Presidential nomination process had been winnowed down to two main candidates. What had once been a field crowded by candidates vying for the nomination now looks to be a contest between Joe Biden and Bernie Sanders. Now it’s just a matter of […]
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There probably is a bit of schadenfreude going on in the US with regard to China’s difficulty in containing the COVID-19 coronavirus. Many in the US undoubtedly think the Chinese are getting too big for their britches, particularly as a result of the recent trade war. And shortly after China was forced to come to […]
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With the spread of the coronavirus around the world, many people are taking every precaution they can to minimize their risk of contracting the virus. And now the World Health Organization (WHO) has pinpointed one particular thing that has perhaps helped the virus spread so far and wide: cash. We’ve probably all heard the stories […]
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With stock markets having had their quickest correction ever last week, and continuing middling performance that is only being boosted by central bank liquidity, many Americans are wondering what the future holds for the US economy. Many investors have lost 10% or more of their investment assets, and we haven’t even really entered a true […]
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Last week saw stock markets having perhaps their worst week since the financial crisis. All major stock markets entered correction territory in record time, with the Dow Jones, S&P 500, and Nasdaq all losing over 10% of their value in a little over a week. The Dow Jones suffered its largest single-day points drop ever, […]
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Nearly 150 years after its introduction, the .45-70 cartridge is breathing new life as a favored hunting, competition, and defense cartridge. Originally developed in 1873 for use in the Springfield Model 1873 “Trapdoor” rifle, the .45-70 served as the standard US military service cartridge for almost 20 years, before being replaced by the .30-40 Krag […]
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Democratic Presidential candidate Bernie Sanders has said on countless occasions, including the Democratic debates and his speech on Super Tuesday night, that global warming is an “existential threat.” Both Sanders and Elizabeth Warren support the extremist Green New Deal introduced by Senator Ed Markey and “AOC” Alexandria Ocasio-Cortez, which aims to mandate what cars you […]
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Payment provider BitPay is well known in the cryptocurrency world for offering payment services to those who would accept cryptocurrencies as a means of payment. With many vendors and even governments wanting to accept cryptocurrencies as payment, but fearful of losses, BitPay offers them the opportunity to accept cryptocurrencies as payment, converting those payments instantly […]
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