Sunday, May 19, 2024
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Fed is Creating a Monster Bubble, But the Stock Market Won’t Care

The Federal Reserve is creating a “catastrophic” economic bubble through its decision to implement a 2% average inflation rate, says Peter Schiff. The U.S. stock market is continuing to surge and strategists expect an asset bubble to form, as stocks show fewer signs of a double-dip. Investors question whether this gives the

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Time to Realize Anti-Consumer Nintendo Doesn’t Care About You

Nintendo has recently announced that they won’t be offering refunds for miss-purchased Pokemon expansion passes. This is the latest movie in a campaign of perceived anti-consumer actions from the Japanese company. Clearly, Nintendo just don’t care about their customers. It probably shouldn’t be a shock at this point, but Nintendo is being anti-consumer

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This Insane Stock Market Doesn’t Care About a US-China Trade War

The U.S. government will impose new restrictions on state-owned Chinese media outlets and plans to halt Chinese airlines’ access. The stock market remains unfazed by it, slightly retracing by 0.16% following a 2.05% gain on June 2. Equities are seemingly pricing in degrading U.S.-China relations. The U.S. government will impose new restrictions on

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Bitcoin Rally Shows Traders Don’t Care That Goldman Hates Their Asset Class

Cryptocurrency traders don’t seem to care that Goldman Sachs is such a bitcoin hater.  At least, that’s the signal markets are sending.  Bitcoin prices have surged since the Wall Street heavyweight’s money-management division declared in a presentation this week that the cryptocurrency is “not a suitable investment for our clients,” merely a beneficiary of

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