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. ...
About: Bob Adelmann
Posts by Bob Adelmann
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. ...
Kent State “Gun Girl” Wins First Round in Suit Against University
Those hoping that Kaitlin Bennett would simply go away and leave the Kent State University campus when she graduated in May 2017 have been sorely disappointed. ...
Fed Official Suggests Four More Interest Rate Hikes in 2019
Charles Evans of the Fed’s Federal Open Market Committee says interest rates are too low and need to go higher. ...
Social Security COLA for 2019 Is 2.8 Percent, or $40 a Month
Starting in January, the 62 million Americans receiving Social Security will get a cost of living adjustment (COLA) in their benefit checks of about $40 a month. ...
U.S. Government Ran $100 Billion Deficit in October
The Treasury reported total government receipts of $253 billion for the month of October, while total outlays were $353 billion. The U.S. taxpayer is left holding the bag for...
Latest NFIB Report Confirms Robust Health of U.S. Economy
Despite the volatility on Wall Street, the U.S. economy continues its remarkable record-setting recovery from the Great Recession and the Obama administration. ...
Dow Loses 800 Points in Two Days — a Forecast of Weakening Economy?
Monday’s selloff in stocks brought the Dow Jones Industrial Average down more than five percent since early October. Is this decline a harbinger of further declines to come? ...
OPEC: Do “Whatever it Takes” to Balance Oil Market
OPEC members said they would do whatever it takes to balance the oil market in the face of increasing U.S. production. ...
Oil Prices Below $60; Some Say They Could Drop to $40
As world oil demand slows, U.S. producers are still pumping oil, which will likely cause prices to continue to drop. ...