By Robert Romano The Federal Reserve on May 4 has increased its key interest rate, the Federal Funds Rate, from 0.25 to 0.5 percent, to 0.75 percent to 1 percent , a half a percentage point, and the highest rate hike since the year 2000. “With appropriate firming in the stance of monetary […]
By Robert Romano Well, that didn’t take long. It has only been a month since the spread between 10-year treasuries and 2-year treasuries — a reliable recession indicator that has predicted almost every recession in modern economic history — inverted on March 31. Now, here we are, and the first quarter Gross Domestic Product (GDP) […]
By Robert Romano “I am told this morning that Apple and Google will remove Twitter from the App Store if it does not moderate and remove hate speech under @ElonMusk. This isn’t a new policy, but a commitment already made. Amazon Web Services has the same commitment. […]
By David Potter Florida Governor Ron DeSantis recently announced that the State of Florida is exploring legal options against Twitter for an alleged failure to live up to their fiduciary responsibilities to shareholders. Out of 800 million outstanding Twitter shares , the Florida State employees’ pension fund manages 946,960 . DeSantis said that Twitter’s […]
By Richard Manning Inflation is raging at an annual rate of 8.5 percent up from 7.9 percent last month. March’s extremely hot price growth of 1.2 percent pushes the nation’s inflation rate to levels not seen since the first few months of the Reagan administration in May, 1981. […]
By Rick Manning Imagine a world where you were not taxed on how much you earned in a given year, but instead on how much your wealth appreciated. To some this sounds like something straight out of John Lennon’s communist manifesto, also known as the song “Imagine.” […]
