Author Archives: Mike Valles

Russians, Saudis Agree to Reduce Oil Production

Coronavirus continues to inflict economic casualties across the nation. Fortunately, for many of them, it will only be temporary. Some of the nation’s top medical experts think that the virus may be near its peak – but it will only be so if the stay-at-home and social distancing conditions remain in place. The good news is that many people and ...

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The Economy vs. Stay-at-Home Guidelines

Many people – especially the medical world – are happier now that President Trump has extended the stay-at-home guidelines. The travel restrictions have been extended until April 30 – just under one month away. As before, gatherings should be limited to 10 people and older people should stay home. It certainly will have a large economic impact on a lot ...

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Oil Prices Rise on Hopes of Reduced Output

President Trump announced today that he had talked with Putin and the Crown Prince of Saudi Arabia and said that they agreed to cut back on oil production. Both of them consented to a reduction of a 10-million barrel cut per day. This amount of oil is equal to 10 percent of the global supply. The cuts could go as ...

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China Is Using Loans to Spread Its Control

Although China had been largely isolationist in past decades, it is now secretly spreading its influence through loans to developing nations. The loans are being made to some of these nations in amounts that cannot be easily repaid by those governments – and then the collateral is taken in terms of resources or land when they cannot be repaid. The ...

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Markets Surge, but the Picture is Mixed for Tuesday

The stock market continues to act like the weather – good one day and bad the next – unpredictable. It continues to defy prediction and even great news has little lasting effect. At least, there is still some hope left. Hopes seem to have been buoyed by President Trump’s statement that we cannot stay closed forever, and that we don’t ...

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COVID-19: NYSE Shuts Down Trading on Floor- Now Wholly Digital

Preventing the spread of coronavirus is not limited to schools, churches, and sports. Groups over 10 should be avoided – and now that includes the New York Stock Exchange. All trading on the floor will stop as of this coming Monday. Electronic Trading to Begin Trading will continue through the NYSE but it will all be done electronically. It will ...

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Politicians Want End of Drug Reliance from China

Amid the rapidly growing coronavirus situation, which certainly has most everyone’s attention, two politicians bring up once again the matter of drug shortages in the United States. The matter was first brought to light back in 2011, which saw a shortage of injectable drugs, and it resulted in the formation of the Drug Shortage Task Force, an agency overseen by ...

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The Stock Market Rallies Once Again

After a large loss yesterday at the stock market, Tuesday saw a large recovery. Investors are glad to see such a strong one-day gain after things were looking quite bleak on Monday. Salary Tax Cuts for Business Promised One of the events that were believed to bring some positive action to the markets was the White House’s move to help ...

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