The ninth surprise rate cut in history is the second due to the coronavirus In a dramatic and emergency action to support the U.S. economy during the coronavirus pandemic, the Federal Reserve announced it would cut its target interest rate to near zero. And it announced it on a Sunday. While the Fed was scheduled …
Monday, March 16, 2020 – Once again, markets are rapidly moving this morning as the U.S. Federal Reserve announced a second emergency rate cut to zero on Sunday in conjunction with Central Banks around the world. Chairman Jerome Powell announced that Monetary Policy had run its course and that a Fiscal Stimulus is needed to …
THE CORONAVIRUS BEAR OFFICIALLY KICKS THE 11–YEAR OLD BULL OUT OF WALL STREET Weekly Market Update — March 13, 2020 This was a week a week to remember, as all kinds of records fell, volatility came roaring back, Treasuries were all over the board, oil plummeted, a pandemic was declared, President Trump announced a national …
World stock markets were hammered on Monday, February 24th as investors headed for the exits because of rising coronavirus worries, especially an unexpected surge in infections outside of China, mainly Italy and South Korea. Wall Street suffered its worst loss in 2 years on Monday, as investors …
Retirement Income Perils Where will you get income in retirement? Most people think: By cashing in the investments I’ve accumulated during my working life. But even if you have a lot of money saved, cashing in will not always work. You need to have an income plan. The notion that you can withdraw a fixed …
Consider adding medical services freedom to your financial planning goals The problems historically plaguing the Veterans Administration underscore an unpleasant truth about aging: ever-increasing costs and red tape endanger quality health care for older Americans, whether they are veterans or not. Their best defense is to build up enough personal capital to pay for better …