Recent reports that some moderate House members are uneasy with the Democratic House Speaker's support of the just passed US Senate Infrastructure Bill aside? The countries financial people believe that the President Biden'Go BIG' policy bill's will get thru Congress... The … [Read more...] about Wall Street bets on Pelosi and Democrats YUGE Infrastructure/Budget Bill passage….
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GameStop and the screwing of the Wall Street Hedge Guys and Other Market outfits..
It ain't pretty.... But what comes around? Goes around.... The guys who make money betting against companies health have taken stunning loses in the last few days because some other regular people have set them up.... The Wall Street establishment IS under attack..... A … [Read more...] about GameStop and the screwing of the Wall Street Hedge Guys and Other Market outfits..
Biden transition financial wizards are Obama era regulators….
Joe Biden won't rattle the banks and financial people too hard due to the economy.... But the people he is recruiting are old hands and they are polar opposites of Trump & Co.....Some will be from the 2008-2009 comic meltdown and they will need that experience to deal with … [Read more...] about Biden transition financial wizards are Obama era regulators….
Elizabeth Warren wants to be Joe Biden Treasury Sec….
I do NOT see ANYWAY Joe Biden would grant her wish.... While progressives would be ecstatic? There are TWO reasons Biden would have to deal with .... First.... US Senator Warren has a Republican Governor in her state of Massachusetts ....Her replacement would be a … [Read more...] about Elizabeth Warren wants to be Joe Biden Treasury Sec….
Wall Street gives up on Trump….
The people in the Market aren't divorced from the political world.... As the polls keep showing... As the virus keeps going.... As they keep making their money.... But see the continued jobless numbers.... And a President aimless and floundering.... The money … [Read more...] about Wall Street gives up on Trump….
The Stock Market start’s to deal with Reality and drops….
Wall Street was breaking all these records by dancing around the fact's of reality.... Donald Trump.... Pandemic.... Unemployment Numbers North of normal ... Federal deficits at record levels... A Economy that isn't gonna get better anytime soon and probably will … [Read more...] about The Stock Market start’s to deal with Reality and drops….
Barney Frank does NOT want to see Elizabeth Warren as Biden’s Treasury Sec…
The former Democratic Massachusetts Senator now sits on the board of a Bank.... He correctly points out that Warren would probably send the Stock Market and Bank's into downturn if she was appointed to the position... She IS a bankruptcy expert and NO friend the big banks … [Read more...] about Barney Frank does NOT want to see Elizabeth Warren as Biden’s Treasury Sec…
An Angry Donald Trump threatens the Fed Chairman’s job…..Update Fed cuts rate by a whole point..
UPDATE.... ...The Federal Reserve took emergency action and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset impact of the coronavirus … [Read more...] about An Angry Donald Trump threatens the Fed Chairman’s job…..Update Fed cuts rate by a whole point..