Universal Basic Income (UBI) was thrown into the public spotlight during businessman and entrepreneur Andrew Yang’s campaign for the Democratic presidential primary election. It’s also gained traction during the COVID-19 pandemic and subsequent economi…
Robocalls are having a resurgence in the U.S. after declining during the peak months of COVID-19. According to voicemail software company Youmail, robocalls reached a height of nearly 5 billion calls for the month of February before falling to less tha…
The sands beneath what’s scarce and what’s over-abundant are shifting.On a recent visit to the welding shop where my niece’s husband works, I asked him if they had enough welders for their workload. His answer surprised me: “If you asked every wel…
30 Year Tips Auction Results
While the economy burns, the stock markets are literally going bonkers.
U.S. household debt decreased by $34 billion to $14.27 trillion in the second quarter of 2020, marking the first decline since the second quarter of 2014. While many may have expected debt levels to rise amid the pandemic, the drop-off in consumer spen…
After Goodyear banned its workers from wearing “Make America Great Again” baseball caps, President Trump took to Twitter to urge his supporters to boycott the tire manufacturer. He tweeted “Don’t buy GOODYEAR TIRES – They announced a BAN ON MAGA HATS. …
Apple became the first U.S. company to hit a market capitalization of $2 trillion on Wednesday, after its share price briefly climbed beyond the $467.77 mark needed to reach said milestone. Apple is only the second company in the world ever to reach a …
The kerplunk herd round the world.
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.