Dear Federal Reserve Bank of America, We the People heard you loud and clear when you decided to bail out failing financial institutions. We waited to listen to your plan, as “Helicopter” Ben was supposed to be such a genius economist. Instead being the benefactor of a genius plan, We the People got screwed again. [...]
Have you ever heard this phrase? "The dollar is just paper, it has no value." If you were old enough to remember Richard Nixon’s election, then you remember a time when the U.S. dollar was based on something real, something significant, namely… Gold. However, in 1965, Richard Nixon made what could soon be the most [...]
ISM Reading Today, the Institute for Supply Management will release it’s services sector index reading. This covers items such as new orders, employment, inventories, prices and exports and imports. Analysts are expecting a reading of 49. Any number below 50 signifies contraction, so any reading about 49 should be considered bullish. Fed Meeting Later in [...]
