This after a short false rally after the Fed raised interest rates .5%.... This the biggest loser day for Wall Street in 2 years.... Lot of lost money today..... The market isn't the economy... But it sure is hurtin like it.... The moves come after a major rally … [Read more...] about 5/5/2022….The Stock Market drops 1,063 points today….Nasdaq 5%….
US Economy
Virus Update 5/2/2022….Variants keep multiplying ….
Covid isn't going away anytime soon.... It seeks to adapt to live on..... New strains seem to be weaker but more infectious.... During those terrifying early days of the pandemic, scientists offered one piece of reassuring news about the novel coronavirus: It mutated … [Read more...] about Virus Update 5/2/2022….Variants keep multiplying ….
They ARE wearing Biden down on Student Loans….$10K Maybe?
He REALLY has been trying hard to NOT do this.... But thepolitical pressure on him has been intense.... We now get a trial ballon for a $10,000 cut..... Mind you? Biden said he couldn't do this... But now he's thinking about it? The White House is considering … [Read more...] about They ARE wearing Biden down on Student Loans….$10K Maybe?
Wall Street is having a bad year so far….
The 'Market' gambler's are being beatdown by an American Economny that is doing two things at once? Inflation and ac coming Recession.... Everywhere they look, stock investors see trouble ahead. Runaway inflation, and the interest rate increases meant to contain it, will … [Read more...] about Wall Street is having a bad year so far….
FDA wants a ban on menthol cigarettes and flavored cigars
The tobacco industry taking it on the chin once more.... But the stuff REALLY isn't good for ones lungs.... The Food and Drug Administration on Thursday proposed banning menthol cigarettes, a landmark action applauded by leading health and civil rights groups that say the … [Read more...] about FDA wants a ban on menthol cigarettes and flavored cigars
The US Economy declined the first 3 months of 2022….
Again? The bean counters keep saying the American economy is solidly good.... But? When those 'experts' go home? They spend more for gas, more on goods and might not buy that house right now with rising interst rates.... The Fed and consumers where woerried about … [Read more...] about The US Economy declined the first 3 months of 2022….
Fauci….’We’re out of the pandemic’
Well.... Not quite.... The President's top mediacl advisor and head of the National Institute of Allergy and Infectious Diseases is pointing to the statistic's that show that even as more people get the Covid Omicron variant? The severity of the infections are nothing … [Read more...] about Fauci….’We’re out of the pandemic’
Stock Market takes a hit on inflation/recession jitters…..
Stocks fell Tuesday as a steep decline in technology stocks deepened Wall Street’s losses after a brutal start to 2022. The Dow Jones Industrial Average closed with a loss of 809 points Tuesday, falling 2.4 percent. The Nasdaq composite closed with a loss of 4 percent and the … [Read more...] about Stock Market takes a hit on inflation/recession jitters…..