As we enter this last month of the year, it is apparent that 2020 will go in the record books as the best, and the worst of years for the American Working Man and Women.
We began the year with record employment. 152 million Americans had jobs, and the unemployment rate had dropped to an all time low of just 3.8%.
But all of that good news rapidly changed with the onset of the Covid-19 Pandemic. Americans were told to stay home, in an effort to self quarantine. Non-essential businesses were closed, while those businesses which were still allowed to operate, could only do so many time under strict restrictions. Restrictions such as social distancing, the wearing of masks, and limitations on the number of customers allowed to enter a store, office building or other establishment.
Fear is perhaps the most overwhelming of all human emotions. When you are truly fearful is difficult, if not impossible, to think of anything else.
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Yesterday Janet Yellen was confirmed by the United States Senate as the 78th Secretary of the Treasury. Yellen thereby, has achieved several “firsts” in her new position.
She is the first …
Wall Street is convinced, that from here on things will get much better on the pandemic front. That we will see a fairly dramatic re-opening of the …
Deflation, its a word that will send a shiver up any Economist's Spine.
Last night, Japan revealed that prices, at the consumer level, had fallen 1.2% in the month of December. Let's look …
It was something that we, as a nation, have been doing every 4 years, for over two centuries now: inaugurate a new President. We've done it in war and peace, boom times and depressions. But …
The Big Four American Banks: Wells Fargo, Citigroup, Bank of America, and JP Morgan Chase, are the beating heart of this country's financial system.
They are the primary instruments through …
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