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A History Lesson

May 26th, 2020 | Leave a comment.

In 1907, the United States went into a nasty recession due to a historic Earthquake which destroyed much of the west coast, especially San Diego. The damage was so bad J.P. Morgan went to the Rothschild’s of Europe for help. In 2008, the world seemingly came to an end due to the Great Recession created […]

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Retail Sales drop 16.4% in April

May 22nd, 2020 | Leave a comment.

Amazon.com delivered the punch to many retailers. The coronavirus will knock many more of them off. Even as malls and stores begin to reopen, the Covid-19 pandemic has taken a toll on an industry already battered by the shift to online shopping. More than two million retail jobs disappeared in April as many stores closed. […]

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Pummeled by Powell

May 21st, 2020 | Leave a comment.

So far states that are easing coronavirus shutdowns aren’t seeing a big spike in Covid-19 infections, though that might be too early to tell. Of course, states are not flipping a switch from complete shutdowns to fully open. Also, businesses and individuals continue to follow social distancing and wearing masks to a great extent. Cases […]

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Remember, “As the World Turns”?

May 20th, 2020 | Leave a comment.

It was a daytime drama, also known as a soap opera from the 70’s. It was always filled with a lot of drama and pandemonium, kind of like today’s news. As a matter of fact, I think today’s news has replaced the mantra of those daytime drama shows. Except now, instead of actors, journalists play […]

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No, not Basebell – Many States are Opening – Fed Says Reasonable to Return to Growth in 2nd Half

May 19th, 2020 | Leave a comment.

Chicago Federal Reserve leader Charles Evans said Monday the most probable outlook still holds for a modest economic recovery in the latter half of the year as the nation continues to navigate the coronavirus crisis. “For a baseline outlook, it’s reasonable to assume a legitimate return to growth in the second half of 2020 and […]

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