Stocks Lose Four Percent Last Week, Thanks to the Fed
Wall Street’s selloff last week has been blamed on everything but the real thing. The major indices lost more than four percent, with the Dow off nearly 10 percent...
About: Bob Adelmann
Posts by Bob Adelmann
United States Is Now World’s Largest Oil and Gas Producer
The United States exported more crude oil than it imported last week, for the first time since 1943. ...
Massive Noncompliance to Boulder, Colorado, Assault Weapons Ban
In May, the Boulder, Colorado, city council banned the sale or possession of “assault weapons,” high-capacity magazines, and “bump stocks,” mandating that residents “certify” firearms by December 27. So...
Tuesday’s Wall Street Selloff Triggered by Trump, Not the Economy
The selloff in stocks on Tuesday gives investors another chance to buy stocks of excellent companies at a discount. ...
Improvements in China Trade Relations to Happen “Very Quickly” Says Top Trump Official
As he did with the mainstream media, Donald Trump has exposed the intentions of the communists running China. Whether he can disrupt and neutralize those bad intentions is another...
Qatar to Leave OPEC Cartel After Almost 60 Years
The statement from Qatar’s energy minister on Monday caught many by surprise: His country will withdraw from the OPEC cartel effective January 1, 2019. ...
90-Day Truce Called in U.S.-China Trade Dispute
A 90-day truce was called in the U.S.-China trade dispute following the Trump-Xi meeting in Buenos Aires, in which new U.S. tariffs on Chinese goods will be postponed. ...
Tariffs’ Upside: Two Million New Steel Industry Jobs
A nonpartisan trade group representing farmers, ranchers, manufacturers, and various labor groups reported on Tuesday that, according to its economic model, Trump’s tariffs on steel “are creating US jobs...
Two Words From the Fed, and Wall Street Jumps More Than Two Percent
Wall Street jumped at the news from Fed Chairman Jerome Powell that interest rates were “just below” a neutral level. ...
Nancy Pelosi’s Real Challenge Comes January 3
For Nancy Pelosi, getting the endorsement of Democratic leaders for speaker of the House was easy, but a chorus of Democratic Party youngsters have promised to make the vote...
Trump-Xi Showdown in Buenos Aires Begins Friday
The sideshow at the G20 meeting that begins on Friday in Buenos Aires is likely to become the main event: a face-to-face meeting between U.S. President Donald Trump and...
Shoppers Set Records on Black Friday; Cyber Monday Records Likely As Well
While the Conference Board says the economy is slowing, Black Friday sales broke records and Cyber Monday sales are expected to do the same. ...
OPEC Impotent, Thanks to Saudi-orchestrated Killing
OPEC's influence in the global oil markets continues to fade. ...
Social Security Benefits Have Lost One-Third of Their Purchasing Power Since 2000
Those who have started taking Social Security since 2000 have lost a third of their purchasing power, pushing many into poverty. ...
Wall Street Worries? Blame the Fed
It's the Fed. It's not durable goods orders or the "death cross" or other reports of an allegedly fading economy that's behind Wall Street's worries. ...