2008: Federal Reserve policies leading to income inequality

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According to a new study the richest 10% control 70% of America’s wealth. Market Watch: The rich are getting richer. It is a refrain that has certainly been uttered before, and likely will again, as Deutsche Bank Securities’ chief economist points out that the gap between the haves and have-nots in the U.S. is, indeed, […]

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Herman Cain rumored as Trump pick for Fed Reserve board

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Herman Cain is now being rumored as Trump’s pick for a seat on the Federal Reserve Board. SCOOP: Trump is considering Herman Cain, the former pizza company CEO who ran for president in 2012, for a seat on the Federal Reserve board, five sources told me. — Jennifer Jacobs (@JenniferJJacobs) January 31, 2019 Herman Cain […]

FMR FED CHAIR! “This is the tightest market, labor market, I’ve ever seen”, expects wages to rise

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Former Fed Chairman Alan Greenspan claimed that the current Labor Market is the tightest he’s ever seen and that he expects wages to rise.   CNBC: Former Federal Reserve Chairman Alan Greenspan told CNBC on Thursday the United States currently has the tightest labor market he’s ever seen. Greenspan, 92, suggested the nearly 50-year low unemployment rate coupled with […]

STOCK ANALYST! DOW will hit 40K but not before ‘large panic event’

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A Stock Analyst predicted that the Stock Market will hit 40,000 but only after a major ‘large panic event’. Market Watch: Back in January 2016, when the Dow Jones Industrial Average DJIA, -0.51%  was trading around the 16,000 level, Yves Lamoureux, president of macroeconomic research firm Lamoureux & Co., said the blue-chip index would topple […]

CNBC: Trump poised to take over the Federal Reserve

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Dick Bove, an equity analyst at Hilton Capital Management penned an Op-Ed for CNBC explaining why Trump is poised to take over the Federal Reserve. CNBC: First, He Can The Board of Governors of the Federal Reserve is required to have seven members. It has three. Two of the current governors were put into their […]