Elon Musk Says A Reession Is Needed Because Bankruptcies Need To Happen
When someone on Twitter asked Elon Musk if he thought there would be a recession, Musk replied, “Yes, but this is actually a good thing. It has been raining money…
Russia Is Poised To Rein In The Ruble
Russia is increasingly viewing the rise in the Ruble as an economic threat, and plans to try and contain its rise through interest rate cuts. Initially the rise of the…
Fed Meetings Show .5% Hikes For Next Two Meetings
Meeting minutes of the Fed released Wednesday showed a strong commitment to two .5% hikes in June and July. This will follow a May 4th hike of .5% to a…
Goldman and BoA Say Expect More Pain Until The Fed Reverses
Goldman Sachs Group Inc. and Bank of America Corp. strategists are predicting that US equities will see more losses until the Fed decides to reverse its current position on monetary…
Fed Facility Tops $2 Trillion As Investors Scramble To Park Cash
The amount of money parked at a major Federal Reserve facility climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to…
