Author Archives: Mike Valles

Fed: Dire News for the Economy

The stock market took a last-minute dive after the Chairman of the Federal Reserve, Jerome Powell, made a public statement today. He said that the future of the economy is “highly uncertain” because there are some “significant downside risks.” He also stated that the economy is now worse than it had been at any time since the Second World War ...

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Tesla Stock on the Rise

Tesla stock continues to show an increase over March levels. Although the stock took a dip in sales in China of 64%, sales in the United States rose by 9.8% and are still holding well. In spite of a political battle with local officials, resulting in Elon Musk promising to move his manufacturing of the Tesla vehicles out of state, ...

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Large Banks Preparing for Loan Defaults

With many people out of work during the coronavirus pandemic, large banks around the world are setting aside billions of dollars to brace for expected defaults. Unemployment and the shutting down of tens of thousands of small businesses are making it impossible for people around the globe to meet their normal loan payments. The longer the pandemic continues, the more ...

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Is China Willing to Go to War?

An internal report in China has been revealed that indicates the country is facing a lot of anti-China sentiment around the world. China is growing increasingly sensitive to verbal attacks on the country that are blaming it for the coronavirus pandemic. It also sees that the West considers its attempts at expansion and covering up the truth about COVID-19 as ...

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Economic Stimulus for Larger Companies Coming

Individuals and small companies across the country have had the opportunity to get some economic stimulus help from the government. Now it is time for bigger companies to get help. The U.S. Federal Reserve has announced that it will make some loans available to help larger companies and non-profits. The loans are going to be offered in two stages, starting ...

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Coronavirus and the American Economy

Coronavirus continues to have a strong impact on the American economy. The Fed is keeping its interest rates near zero in order to provide continued support during the slowdown. It has indicated that it plans to keep its rates low until the U.S. has passed this economic storm and people are working once again. The Economy In the past quarter, ...

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America Starts Back to Work

As some states in America are opening the doors to some businesses, everyone will be watching. We are also watching China, especially since we know that the last patient has been (apparently) released in Wuhan. Still, the country is nowhere near being back at work. Earlier this week, cases of COVID-19 hit the one million mark in the U.S., and ...

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Opening for Business – Is It a Good Idea?

Even though some businesses are opening for business, which most people know is needed, it still may not be a good idea. Depending on the type of business you have, some can do it more safely than others. If you hang out your open for business shingle too soon, without some precautions in place, the result could be highly undesirable. ...

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The Second Economic Stimulus Package – Who Will Get Money From It?

As Congressional discussions for the second round of the economic stimulus package continues, some features look like they are going to stay in the package. It has now passed the Senate by a unanimous vote and has been handed over to the House where it will no doubt be debated further and changed or amended. President Trump has already said ...

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Coronavirus and the New Economic Package

Talk continues on reopening America but there is no plan on how to deal with the economy and coronavirus at the same time. It seems that there is no simple answer. Although testing may provide a good start in the right direction, no one has made enough tests to even talk seriously about it. One thing is certain, reports are ...

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