Day Traders Party Like It’s 1999
Welcome to the new dot com bubble, now known as the “Robinhood Market”. New financial technologies like Robinhood and other zero-cost platforms have allowed novice traders with time on their hands and covid stimulus checks in their wallets to place their bets on the stock market.
COVID Wave Washes Over State And Local Governments
Every state in the Union has to some degree rescinded stay-at-home orders and the economy is beginning to reawaken. Last week’s monthly jobs report brought a surprising but welcome dose of (relatively) good news: 2.5 million new jobs were created in May.
Is the US Dollar’s Dominance at Risk?
Nothing is constant, and a confluence of structural changes internationally and US policy errors is calling into question the sustainability of the Dollar’s rule, with potentially profound implications.
Cash is king…but a miserly one
According to the Federal Reserve, cash balances of American households and businesses have jumped by $1.5 trillion since the end of February to a whopping
How JCPenney lost its groove
In 1898, James C. Penney found work in a Colorado dry goods store called the “Golden Rule Mercantile Company”. He soon became a partner and
Requiem for coal
It seems that most financial stories these days must begin with “due to the coronavirus”, so here goes: due to the coronavirus, the use of
