GDP in the United States increased to 21433.20 USD Billion in 2019 from 20580.20 USD Billion in 2018. GDP in the United States averaged 7457.54 USD Billion from 1960 until 2019, reaching an all time high of 21433.20 USD Billion in 2019 and a record low…
According to the UK’s largest ATM network, “LINK is committed to protecting free access to cash for as long as consumers want it”. The question is, how long will the desire for good old fashioned bank notes last? As this infographic shows, the use of L…
In what could have been a relatively quiet post-inauguration week, a breathtaking story of David vs. Goliath played out on the world stage, turning financial markets upside down and wreaking havoc on Wall Street. But let’s start from the beginning. Ear…
The more things change the more they stay the same. So we had the bounce off of the 50MA and the other signal points we highlighted. The resulting rally brought markets right […]
The United States is made up of a patchwork of minimum wage laws with 29 states and D.C. having a rate higher than the federal minimum of $7.25 per hour. Democrats are currently pushing to see the federal rate more than doubled to $15 per hour but effo…
The most recent quantification of the drastic toll the coronavirus pandemic has taken on the travel industry was revealed today in the latest TUI Group quarterly financial statements. The largest holiday company in the world recorded an 88 percent drop…
Efforts by Democrats in Congress to more than double the $7.25 U.S. federal minimum wage have stalled. In an interview on Friday, President Biden said that he does not expect the Raise the Wage Act of 2021 to make it into Covid-19 relief legislation du…
You can see it clearly. The ES fucutures are near the upper bound of a trend going back to the beginning of January. A bunch of trendlines are clustered around 3920-25.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff.