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Banking, Economy

“NY Fed to pump $75 bn into money markets daily through Oct 10”

“The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates. The Fed will… Continue Reading…

Economy, Stocks

There’s Hope: “After the yield curve inverts — here’s how the stock market tends to perform since 1978”

“Wall Street’s most widely watched gauge of the yield curve’s slope, the spread between the 2-year Treasury note yield and the 10-year inverted Wednesday morning, flashing the clearest signal to date that the U.S. is set to face an economic… Continue Reading…

Economy, Investing, Personal Finance

2-Year Treasury Notes Are More Profitable Than 10-year [For The Time Being]

“The yield on U.S. 30-year bond also turned heads on Wall Street during Wednesday’s session as it fell to an all-time low, dropping past its prior record notched in summer 2016. The two historic moves coming in tandem show that… Continue Reading…

Stocks

“10 Tips for Successful Long-Term Investing”

“Selling a Loser  – There is no guarantee that a stock will rebound after a protracted decline, and it’s important to be realistic about the prospect of poorly-performing investments. And even though acknowledging losing stocks can psychologically signal failure, there… Continue Reading…

Economy

“The richest 10% of households now represent 70% of all U.S. wealth”

“Deutsche Bank’s Torsten Sløk says that the distribution of household wealth in America has become even more disproportionate over the past decade, with the richest 10% of U.S. households representing 70% of all U.S. wealth in 2018, compared with 60%… Continue Reading…

Economy

“These states have the best economies in the US: study”

“1. Washington2. Utah3. Massachusetts4. California5. Colorado6. District of Columbia7. Idaho8. Oregon9. New Hampshire10. North Carolina” https://www.foxbusiness.com/economy/top-10-best-state-economies-study

Economy

“CNN Poll: 7 in 10 say economy in good shape…”

“Overall, 71% say the nation’s economy is in good shape, the highest share to say so since February 2001, and the best rating during Trump’s presidency by two points. A majority give the President positive reviews for his handling of… Continue Reading…