Fed and Treasury Bosses Back More Aid for Small Businesses

Fed and Treasury Bosses Back More Aid for Small Businesses

#Fed #Treasury #Aid #SmallBusinesses Tuesday, top US economic policymakers opened the door to further aid for small businesses hit by the virus-triggered instant recession. In testimony before the House of Representatives Financial Services Committee, Treasury Secretary Mnuchin and Fed Chairman Powell were pressed by lawmakers concerned the multi-trillion-dollar effort to battle the economic fallout from […]

Congress Told Small Business Owners are Facing Financial Ruin

Congress Told Small Business Owners are Facing Financial Ruin

#Congress #retailers #restaurants #consultants #manufactures #financial #ruin #PPP #SBA #loans #NYSE $DIA $SPY $QQQ $RUTX $VXX “From retailers and restaurants to consulting and manufacturers, small-business owners are facing a future of potential financial ruin that will make the nation’s current economic downturn last years longer than it must,” the America’s corporate leaders said in their […]

US Should Consider Forgiving All Small Business PPP Loans

US Should Consider Forgiving All Small Business PPP Loans

#Tresaury #PPP #loans #SmallBusiness #forgive #C19coronavirus #NYSE $DIA $SPY $QQQ $RUTX $VXX The federal government should weigh forgiving all “small” loans provided under the Paycheck Protection Program during the C-19 coronavirus chaos, US Treasury Secretary Steven Mnuchin said. “We should consider forgiving all small loans, but would need fraud protection,” Secretary Mnuchin told the House […]

US Mortgage Applications Rise 5.1%, Rates Set New Record Low 3.19%

US Mortgage Applications Rise 5.1%, Rates Set New Record Low 3.19%

#mortgage #rates #home #loans For the 2nd wk running, US mortgage rates hit new lows. Demand for mortgages rose as home-loan interest rates continued to fall to new record lows. Total mortgage application volume rose 5.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The refinance index increased […]

Only in America: vicious Trump Critic Robert De Niro’s Nobu Took $28-M in Taxpayer Loans

Only in America: vicious Trump Critic Robert De Niro’s Nobu Took $28-M in Taxpayer Loans

#Nobu #DeNiro #PPP #Loans #America #Taxpayer #luxury #restaurant #hotel #sushi #SBA #Hollywood #coronavirus Nobu, the international luxury chain of sushi restaurants and hotels has taken $27.7-M in loans from the SBA relief program as part of the Paycheck Protection Program (PPP), according to recently released government filings. The chain includes 46 restaurants and 13 luxury […]

Record US Job Growth Beats All Expectations in June Marking an All-time Record

Record US Job Growth Beats All Expectations in June Marking an All-time Record

#job #NFPs #ADP #growth #economy #PresidentTrump #coronavirus #recession #consumer #spending #aidreliefstimulus Just In: NFPs increased more than expected in June, the NFPs increased by 4.8-M and the prior month’s increase was revised up to 2.7-M from 2.509-M Continuing my discussion with economist Bruce WD Barren, he went on to say: “Expect the US growth to […]

Round Out That Portfolio Buy Parking Some Money in High Dividend Stocks

Round Out That Portfolio Buy Parking Some Money in High Dividend Stocks

#stocks, #portfolio #money #dividend # defensive #investors $EARN, $ABR, $CMO Here are a few high-yield dividend stocks for investors looking to find some protection for their portfolio. These are stocks with a specific set of clear attributes, that frequently indicate a strong defensive profile: a high dividend yield, over 11%; a Buy rating; and a Northside […]

US Senate Extends Small Business C-19 coronavirus Aid/Relief Program

US Senate Extends Small Business C-19 coronavirus Aid/Relief Program

#Senate #coronavirus #Aid/Relief #PPP #loans #consumers #economy Tuesday, the GOP led Senate approved a temporary extension of a popular subsidy program for small businesses in an unexpected development that came as spikes in C-19 coronavirus cases in many states are causing renewed shutdowns of bars and other businesses. The move came just hours before a […]

The C-19 coronavirus Will Not Shutdown the US Economy Again

The C-19 coronavirus Will Not Shutdown the US Economy Again

The United States cannot let the C-19 coronavirus shut down its economy again, Treasury Secretary Steven Mnuchin said Thursday. He added that more than $1-T in aid/relief funds will flow into the economy over the next month. Secretary Mnuchin said he is prepared to go back to Congress for more money to support the economy, but additional […]

Just 38% of Small Businesses Applying for Aid Received C-19 Coronavirus Loans

Just 38% of Small Businesses Applying for Aid Received C-19 Coronavirus Loans

Almost 75% of small businesses in a survey applied for help from a federal loan program designed to keep workers employed during the C-19 coronavirus chaos, but only 38% of small businesses received any money, according to survey results the US Census Bureau released Thursday. Crude Oil extraction and mining businesses had the best success […]

Fed says, $2.3 trillion in aid might not be enough, is mulling a new plan for non-profits

Fed says, $2.3 trillion in aid might not be enough, is mulling a new plan for non-profits

The Fed is mulling new program for nonprofits. The Fed Thursday said it was making some adjustments to its planned $600-B “Main Street” lending program based on public comments and said it is mulling a separate approach to meet the” unique needs” of non-profit organizations. In a statement, the Fed said 1 adjustment would allow firms […]

President Trump and GOP Lawmakers’ Powerful Efforts Will Restore the Economy Relatively Fast…

President Trump and GOP Lawmakers’  Powerful Efforts Will Restore the Economy Relatively Fast…

…The China Virus chaos took its shot at destroying the world’s Top economy quickly and failed. $DIA $SPY $QQQ $RUTX $VXX $PEP $SBUX $GOOGL $CAT $LUV GOP policymakers’ powerful aggressive response to supporting the virus-stricken US economy has also helped support stocks. Investors are looked past Q-1 corporate earnings results, with the coronavirus chaos now […]

US Unemployment Numbers are High, They Were Not Caused by the Economy’s Underlying Fundamentals

US Unemployment Numbers are High, They Were Not Caused by the Economy’s Underlying Fundamentals

Friday, Labor Secretary Eugene Scalia said he is “optimistic” that the United States can recover from the current economic situation faster than in the past fundamental downturns. “Unemployment numbers are very high, much higher than we’ve seen in years past, but it is from a different cause,” Secretary Scalia said in a TV interview. “It […]

The Big Q: What made people believe Communist China was a reliable partner?

The Big Q: What made people believe Communist China was a reliable partner?

$OIL The Big A: Relying on China for economic development was never a good idea, but it turned out to be more dangerous than we thought. Italy and Iran are 2 of the countries hardest hit by The Wuhan Virus, outside of China. Helen Raleigh explains why at The Federalist: The reason these 2 countries are […]

The ‘Main Street’ Lending Program, Who Got the Money so Far

The ‘Main Street’ Lending Program, Who Got the Money so Far

$RUTH $SHAK Over 2 wks, the US government pledged $350-B to Main Street businesses across America desperate for cash after coronavirus lockdowns. A picture is emerging of who got the money. More than 25% of the total went to fewer than 2% of the firms that got relief. They include a number of publicly traded […]

US Aid/Relief Small Business Loans Being Approved, Money Being Dispersed Quickly

US Aid/Relief Small Business Loans Being Approved, Money Being Dispersed Quickly

By Friday, the US government had approved 661,000 loans to small businesses totaling $168-B under a program to address the fallout from the novel coronavirus pandemic. A $2.3-T economic aid/relief program enacted last month under the CARES Act allocated $349-B to loans to small businesses hurt by the health crisis that can be turned into […]

CARES Act: “Virus Aid Direct Deposits Go Out Next Week”

CARES Act: “Virus Aid Direct Deposits Go Out Next Week”

Treasury Secretary Steven Mnuchin told House Democrats that direct deposits to Americans will begin next week under the coronavirus aid/relief package. He also told the lawmakers that $98-B has been approved for small business retention under a program The Trump Administration wants Congress to bolster with another $250-B in a vote expected Thursday. The comments […]

President Trump is Working with Private Sector to Reopen America and Kickstart the Economy

President Trump is Working with Private Sector to Reopen America and Kickstart the Economy

President Trump continues to want to reopen the nation’s economy as soon as possible, and is working “hand-in-glove” with the private sector to make that happen, National Economic Council Director Larry Kudlow said Tuesday.  “This is not a total government-run operation,” Mr. Kudlow said on TV. “We are cooperating with the private sector. They are […]

SBA Virus Lending Program Enhanced by Fed and Treasury

SBA Virus Lending Program Enhanced by Fed and Treasury

The Fed and the Treasury to buy debt issued by banks that lend through a $349-B government program designed to help small businesses impacted by the coronavirus. The Small Business Administration (SBA) Friday processed more than 28,000 loans through 1,200 local lenders worth $5.4-B. Now, those lenders that originated the loans will see the government […]

President Trump Will Request More Relief if Small Business Funds Not Enough

President Trump Will Request More Relief if Small Business Funds Not Enough

Saturday, President Trump said he would ask Congress for more aid/relief money to support small businesses if the funds allocated under the $2.2-T coronavirus stimulus package runs short. President Trump Tweeted Saturday: “I will immediately ask Congress for more money to support small businesses under the #PPPloan if the allocated money runs out. So far, way […]

President Trump’s Fed has Brought the Global Financial System Back from the Edge

President Trump’s Fed has Brought the Global Financial System Back from the Edge

$ICE $USD $BAC $WFC This week Fed Chairman Powell set out to offer a explanation for the complicated steps he is taking to relieve dire stresses in the global financial system. “Many places in the capital markets, which support borrowing by households and businesses. I am talking about mortgages and car loans and things like […]

A Solid Post Virus Crisis Rebound Ahead

A Solid Post Virus Crisis Rebound Ahead

“We were strong before we went into the health crisis, we will be strong when we come out of it,” said Dallas Fed President Robert Kaplan 2 Fed regional bank Presidents expressed confidence the US economy can rebound strongly after coronavirus restrictions on consumers and businesses are lifted. “This is a public health crisis” and […]

Schumer Already Trying to Tack On ‘Bad Ideas’ to the GOP’s American Family First Aid Legislation

Schumer Already Trying to Tack On ‘Bad Ideas’ to the GOP’s American Family First Aid Legislation

The Democrats’ are proposing the same student loan forgiveness pitch failed Presidential candidate Elizabeth Warren made on the campaign trail. College student loan forgiveness is a ‘bad idea’ because the prevailing attitudes among dead beat students and many of their parents that since the government is owed the money, there will be a way out […]

Congress Considering Cash ‘Handouts’ to American Households

Congress Considering Cash ‘Handouts’ to American Households

Cash handouts to all American households is gaining support in Congress as the best way to shore up an economy brought to a near-standstill by the coronavirus. Senator Tom Cotton (R:AK) said he is working on legislation that would provide cash stipends to American households. Several House Democrats back sending $1,000.00 checks as the best […]

Mark Zuckerberg Takes a Shot at the Fed’s Relevance

Mark Zuckerberg Takes a Shot at the Fed’s Relevance

$FB, $USO, $XAU, $XAG, $USD, $JPY, $EUR President Trump gives his voice to increasingly public impatience with what we analysts call macro-economics. The Fed targets 2% inflation as a compromise between accomplishing strong growth and stable prices. Since the Y 2008 financial crisis, whether unemployment was 10% or less than 4%, no matter how high or low […]

Home Loan Costs Fall, Mortgage Applications Rise

Home Loan Costs Fall, Mortgage Applications Rise

US mortgage home applications to buy and to refinanc increased last week as most borrowing costs fell in step with US bond yields tied to worries about slowing economic growth, data from the Mortgage Bankers Association showed on Wednesday. The Washington-based industry group’s seasonally adjusted index on mortgage activity rose 2.3% to 384.0 in the week […]

EU Cannot Not Rely on US Growth to Help

EU Cannot Not Rely on US Growth to Help

FLASH: President Trump’s top economic adviser offered sharp criticism of the European Central Bank’s (ECB) revival of stimulus measures to spur the EU’s economy. National Economic Council Director Larry Kudlow said that a ECB decision Thursday to extend a new round of cheap loans to the banking system wouldn’t be enough to fix the continent’s […]

EU’s Economic Collapse Brings on New ECB Initiatives

EU’s Economic Collapse Brings on New ECB Initiatives

$EUR FLASH: ECB will maintain current level of rates through the end of Y 2019 and launch new targeted longer-term refinancing operation (TLTRO-III) in September European Central Bank presented a huge set of monetary policy initiatives Thursday that sent economists and analysts on Twitter spinning. Below are some of their quick reactions as the EUR […]

Dimon Cautious, JPMorgan Positions for a Recession

Dimon Cautious, JPMorgan Positions for a Recession

$JMP, $GS, $USD FLASH: Jamie and ‘Goldie’ have different outlooks JPMorgan (NYSE:JPM) CEO Jamie Dimon does not agree with economic doomsayers. The boss of the largest US bank acknowledged a growing number of potential obstacles to the economy that carried his firm to record profits last year. That caution was reflected in JPMorgan Chase & […]

Bank Shares Rallying, Loans Grow

Bank Shares Rallying, Loans Grow

$BAC, $C, $JPM, $WFC,$FITB, $BKX, $SPY We do expect US bank shares to continue to outperform after better-than-expected Q-4 earnings and outlooks and their cheap stock prices finally broke a losing streak, thus leading the next leg of this historic Bull Market. The gains will be driven by management teams reiterating their ability to drive […]

Managed Money Moves Back into High Yield Corporate Bonds

Managed Money Moves Back into High Yield Corporate Bonds

US fund investors charged into high-yield corporate bonds during the latest week, shoveling $3.3-B, the most cash flowing into that market since late Y 2016, Lipper said Thursday, boosted by dovish words from Fed Chairman Powell. Underscoring investors’ appetite for some risk-taking, investors pulled $15-B net cash from US-based money market funds, according to the […]

US Home Mortgage Applications Mark 11-Month Highs

US Home Mortgage Applications Mark 11-Month Highs

The number of US consumers who applied for loans to buy a home and to refinance 1 rose to an 11-month high last week, signaling that the recent drop in interest rates is reviving housing activity, the Mortgage Bankers Association said in a report Wednesday. The Washington-based industry group’s seasonally adjusted gauge on mortgage applications increased 13.5% […]

Chinese Investors Sentiment is Very Weak, Conditions Abroad Have Little Influence

Chinese Investors Sentiment is Very Weak, Conditions Abroad Have Little Influence

Chinese Investors Sentiment is Very Weak, Conditions Abroad Have Little Influence $ALMMF, $CHL, $PTR Market sentiment is very weak. President Xi’s government is struggling to dispel such gloom and talk stock prices back up with promises of tax cuts, more bank lending and a media campaign. The benchmark Shanghai Composite Index sank 30% from January […]

The Trump Effect: Low Unemployment Makes Economy ‘as Good as it Gets’

The Trump Effect: Low Unemployment Makes Economy ‘as Good as it Gets’

The Trump Effect: Low Unemployment Makes Economy ‘as Good as it Gets’ $DIA, $SPY, $QQQ, $RUTX, $VXX Current economic conditions are “as good as it gets” for the Fed, a Key policymaker said Thursday. Looking ahead, investors will receive the Employment Situation report for August Friday, the consensus expecting an increase of 187,000 in NFPs, an […]

Student Loan Borrowers Defaults Increase

Student Loan Borrowers Defaults Increase

Student Loan Borrowers Defaults Increase New research shows more than 1-M student loan borrowers each year go into default and nearly 40% of borrowers are expected to default on their student loans by Y 2023. Outstanding education debt in the US has 3X’d over the last decade and now exceeds $1.5-T, posing a greater burden […]

US Economic Growth ‘Robust’ and On Track

US Economic Growth ‘Robust’ and On Track

US Economic Growth ‘Robust’ and On Track Strong business borrowing, rising consumer spending, plus tight labor markets indicate the US economy remains on track for continued growth, the Fed reported Wednesday, the risks of a global trade war the only outlier. In its periodic “Beige Book” summary of contacts with businesses in its 12 regional districts, the […]

Lawsuit Alleges Obama Administration Inflated Student Loans

Lawsuit Alleges Obama Administration Inflated Student Loans

Lawsuit Alleges Obama Administration Inflated Student Loans Conservative watchdog group Judicial Watch filed a Freedom of Information Act lawsuit against the U.S. Department of Education for records of the Obama Admin’s reported “coding error” which caused inflated College Scorecard repayment rates. “The Obama administration’s Obamacare legislation also included provisions that resulted in the federal takeover […]

Sub-prime Car Loan Delinquency Augurs Trouble for Auto Industry

Sub-prime Car Loan Delinquency Augurs Trouble for Auto Industry

Sub-prime Car Loan Delinquency Augurs Trouble for Auto Industry $F, FCAU, GM The New York Fed warns that surging delinquency rates for subprime auto loans are a “significant concern” about the real health of the car industry. “The worsening in the delinquency rate of subprime auto loans is pronounced, with a notable increase during the […]

Donald Trump Will Trash Obama’s No-Growth Orders

Donald Trump Will Trash Obama’s No-Growth Orders

Donald Trump Will “Trash” Obama’s No-Growth Orders $DIA, $SPY, $QQQ, $VXX The Trump Rally extends, US stocks finished higher Tuesday, with the DJIA hitting a record high close for the 4th session running as tech stocks rebounded from a post-election hammering and energy stocks were boosted by a sharp rise in Crude Oil prices. Tuesday, […]

US Long Dated Treasuries Up Signaling Rising Inflation

US Long Dated Treasuries Up Signaling Rising Inflation

US Long Dated Treasuries Up Signaling Rising Inflation $SPY Donald Trump’s victory in the US Presidential race is driving mutual fund managers out of dividend stocks and into the shares of financial, industrial and materials companies that benefit from rising inflation. Although inflation remains subdued by most measures, US longer-dated Treasury yields rose Thursday to […]

The “Headaches” of the Legal Marijuana Industry

The “Headaches” of the Legal Marijuana Industry

The “Headaches” of the Legal Marijuana Industry The legal-marijuana industry faces many challenges to doing business. Most companies in the space are frozen out of bank, cannot use credit cards for transactions, and cannot get loans, huge headaches for the industry. And marijuana is like any other commodity: when there’s a supply glut, the price […]

China’s Banks Sponsor Growth of ‘Green’ Economy

China’s Banks Sponsor Growth of ‘Green’ Economy

China’s Banks Sponsor Growth of ‘Green’ Economy Chinese banks offered strong credit support for the growth of the Green economy in Y 2015. The total balance of Green loans issued by China’s 21 major financial institutions rose 16.42% last year to RMB 7.01-T, according to a report released Friday by the China Banking Association. It […]

US Consumer Spending, Residential Investment Driving a Weak Economy

US Consumer Spending, Residential Investment Driving a Weak Economy

US Consumer Spending, Residential Investment Driving a Weak Economy $DIA, $SPY, $QQQ, $VXX The demand side of the US GDP accounts shows that the nations economic engine has 6 cylinders, they are: consumer spending residential investment capital spending inventories net exports government spending. In recent Quarters, it seems like most of the US economy’s power […]

Former US President Bill Clinton Crashed the Housing Market

Former US President Bill Clinton Crashed the Housing Market

Former US President Bill Clinton Crashed the Housing Market The way to trading and business riches is simple “Buy low, Sell high.” Donald Trump has been very good at buying low and selling high, and it helps account for his success in business. Last week the Democratic front-runner, Hillary Clinton painted that a crime. While […]

UAE Business Loan Demand Grows, Lenders Reluctant

UAE Business Loan Demand Grows, Lenders Reluctant

UAE Business Loan Demand Grows, Lenders Reluctant Central bank report finds improving demand in Q-1, as conditions tighten UAE businesses are demanding more loans but lenders appear less willing to supply them, according to a report from the country’s central bank. In its Q-1 report, the bank said the appetite for business credit improved from […]