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Banking, Economy

“New York Fed Adds $115.14 Billion in Short-Term Liquidity to Markets”

“The New York Fed added $115.14 billion to financial markets via temporary operations on Thursday. The liquidity additions came in two parts. One was an overnight repurchase agreement with eligible banks totaling $80.14 billion, and the other was via a… Continue Reading…

Economy

“Farm Bankruptcies Rise in Over Half of States”

“Across the country, farmers are struggling with particularly difficult financial realities. The past year has seen extreme flooding in the Midwest and drought in the West, a tariff war that resulted in commodity prices plummeting, and falling land value… … “Farm debt has been rising more rapidly… Continue Reading…

Economy

“…economy is really experiencing a middle-class boom — this data doesn’t lie”

“I recently wrote op-eds that ran in the Wall Street Journal and on these pages that showed median household incomes under Donald Trump have soared from $61,000 to an all-time high of $66,000 in less than three years… The $5,003 rise in middle-class incomes… Continue Reading…

Economy

“US GDP rose a better-than-expected 1.9% in the third quarter as consumers continued to spend”

“U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline. The Commerce Department said Wednesday that economic activity grew at… Continue Reading…

Economy

“U.S. Winter-Wheat Acres Set to Drop to Lowest in 110 Years”

“… Dogged by lower prices and tepid demand, U.S. wheat farmers are poised to plant the fewest acres of winter varieties in 110 years… …World supplies are so plentiful that futures for hard red winter wheat are down about 15%… Continue Reading…

Business, Economy

“Survey: US business hiring hits 7-year low…”

“A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey found… The hiring slowdown comes as more businesses are reporting slower growth of sales and profits… Hiring may… Continue Reading…

Economy

“Federal Income Taxes and Federal Spending Both Set Records in FY19”

“The amount of money the federal government collected in individual income taxes and the total amount of money the federal government spent both set records in fiscal 2019, according to the Monthly Treasury Statement released Friday afternoon. …the federal government… Continue Reading…

Banking, Economy

“Fed to Cut Three More Times as Economy Is Rolling Over: Chandler”

“Marc Chandler, chief market strategist at Bannockburn, discusses his expectation for three more interest rate cuts by the Federal Reserve and the state of the U.S. dollar. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)…” https://www.bloomberg.com/news/videos/2019-10-28/fed-to-cut-three-more-times-as-economy-is-rolling-over-chandler-video If you click the link… Continue Reading…

Economy

Wealth Inequality: “The boomer generation is becoming one of haves and have-nots”

“…“wealth inequality has grown tremendously from 1989 to 2016, to the point where the top 10% of families ranked by household wealth own 77% of the wealth ‘pie.’ The bottom half of families ranked by household wealth own only 1%… Continue Reading…

Stocks

“U.S. Stocks Rise as Earnings Roll In; Bonds Climb: Markets Wrap”

“The S&P 500 Index traded above 3,000, approaching its all-time high. Biogen Inc. surged on news it will ask U.S. drug regulators to approve an experimental Alzheimer’s therapy. The U.S. dollar fluctuated… It’s a huge week for earnings, with around one-fifth of… Continue Reading…