While on “Varney & Co.”, just because Stuart Varney was missing, it doesn’t mean I’d hold back my indictment on Wall Street. Markets were just begging for the rate cut having already baked it in for a while now. I predicted yesterday morning that the rate cut of 25 percentage point would come, but nothing more and nothing less. But what the cuts are meant to prevent from happening, or at the very least cushion America from, come from certain global indicators that you need to see for yourself here… Click here to watch.
While on “Making Money with Charles Payne”, I pushed back what many are considering the biggest flop for Apple product releases. Apple may have got kicked to the curb as Hollywood directors and executives cut their ties with the tech giant moving into the streaming space, but a call to sell is still way off base. Here’s what everyone else is getting wrong and what you should know if you’re considering buying this stock, and most importantly what’s the bigger narrative to know… Click here to watch.
The WeWork company story is a convoluted one, especially when it comes to its management, its funding, its business model, its accounting, and now its attempts to go public.
As an investor, even as a trader, I don’t buy into stocks of companies which are so convoluted that it’s hard to make sense of what they’re really up to.
The We Company, as it’s now known, is the perfect case in point.
From why it changed its name to how it’s being valued right before its proposed IPO, are just two reasons I wouldn’t touch this company’s stock with a ten-foot pole. Except to short it as soon as I can.
It’s impossible to dig yourself out of a hole by digging the hole you’re in deeper, while you’re in it.
Tragically, that’s what the Federal Reserve System’s doing to our economic and capitalist future.
By manipulating interest rates so low for so long, and by extension forcing other central banks to cut interest rates increasingly into negative territory, the Fed’s perverted all monetary and fiscal realities.
The end, when it comes, and we’ll know it’s here when a president and party in power actively pursue Modern Monetary Theory (MMT), will be economic ruin and the final conversion of the most successful and powerful capitalist democracy the world’s ever seen, into a sycophantic socialist oligarchy.
I’m not one to give high praise to just any company. So when I say that I liked everything I heard from Apple’s launch of a new product line, especially lowering the prices just enough to get phones in everybody’s hand, well, it’s just brilliant. But just because one company is doing well that doesn’t mean that the rest of the market is off the hook, especially since we simply can’t ignore the Fed and Trump battle. While the Fed doesn’t want to be pushed around by the president, we have bigger problems that need to be addressed to help America, and it’s not cutting interest rates. Check out here the video below.Click here to watch.
Putting aside the Federal Reserve’s battles with various presidents, its ability to affect a coup d’état if it chooses, and whether it should exist at all, the facts are that it does exist and it does seriously impact America.
Only, now it’s gone too far.
The Fed’s painted itself and America into a corner, one that no one has any idea of how we’ll get out.
It exists because its creators and their henchmen hoodwinked politicians and Congress in 1913 into legislating it into being ceded the extraordinary power to own and control America’s money supply.
Also, it could save floundering banks that its founders owned and, more importantly to politicians, could absorb runaway government spending.
How the Fed protects and fosters the banks that created it and have morphed into the too-big-to-fail (TBTF) banks we recognize today isn’t the story here.
Employment data last week, which was considered to be important in terms of market sentiment, was mixed. The new payrolls number showing an additional 130,000 jobs added was light according to about half the analysts and pundits commenting on it.
But it could have been a lot lower, which a lot of other analysts were expecting. What actually bumped it up significantly was the hiring of census workers.
The overall unemployment number remained at 3.7%.
What could have been worse numbers turned sentiment positive and buying picked up.
It’s now plain as day: America’s Federal Reserve System isn’t remotely apolitical.
The private central bank actually owns the United States’ currency, determines the level of interest rates across the economy, and both regulates and protects the country’s too-big-to-fail banks from criminal prosecution and insolvency.
It is, in fact, a political machine, capable of undermining any president in office by its capacity to manufacture a recession to effect a coup d’état.