Boldin discusses an important article from FEE talking about 7 ways to wreck the economy and keep poor people down. Plus a bonus 8th item they missed that might be the driving force behind many of the 7. Hint, they’re all happening right now.
Two experts discuss how the Federal Reserve exacerbates the business cycle, debases your money and generally wreaks havoc on the economy.
To hear Donald Trump and his Republican supporters tell it, the economy is booming because of wildly successful Trumpanomics. But I think Trump is setting himself to take the fall when the bubble eventually bursts.
Facebook says it would like to add your bank account to its data mining operations.
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The stock market unfriended Facebook yesterday. Investors vaporized $119 billion of Facebook’s value – 20% of the company’s market cap. It was the biggest 24 hour stock sale in history.
Facebook Face Plant
Founder Mark Zuckerber……
The Koch brothers have jumped ship. They’ve given millions to Republicans in the past but they say they’re more interested ideas than party. Daniel Henninger in the WSJ reports, “In an interview, Charles Koch said trade wars and prosp…
Elon Musk tweeted that he wants to take Tesla private and has $70 billion in backing to do it. Tesla shares jumped 10% on the news. But now that the S.E.C. is on his case for possible fake news Tesla tweets the stock is back to ground zero.
On Thursday Apple became the first company ever to be valued over a trillion dollars.
Trillion Dollar Apple
That’s a number equal to one fourth of annual federal spending. Or one twentieth of the federal debt.
The post Trillion Dollar Apple appear…