Elon Musk doesn’t want another stimulus bill. The Tesla billionaire wants direct payments instead. Whether you are a small business or a stock market tycoon, Musk is spot on. Elon Musk is not a fan of government stimulus packages. The Tesla boss wants more direct payments to consumers, and in this instance, he’s exactly right.…
Key stimulus measures will expire this month. At least $1 trillion in additional stimulus is needed to support the U.S. economy. Local and state governments need more help. The pandemic shook the U.S economy, as millions of Americans lost their jobs. Businesses across the country have closed as part of a planned shutdown. In March,…
Fund manager Jim McDonald is favoring U.S. stocks after the tremendous policy response from American authorities. He thinks people will be willing to spend. The reality is the economy will likely run at a slow pace until we find a way to contain the coronavirus for good. Jim McDonald, the chief investment strategist at Northern…
California Governor Gavin Newsom (D) is reportedly considering issuing cash payments to the state’s illegal immigrants as part of a Golden State “Disaster Relief Fund” for the state’s illegal immigrants, according to a Wednesday Associated Press report. When asked about giving potential financial assistance to illegal immigrants impacted by the coronavirus crisis, Newsom reportedly replied…
The number of people requesting a break from their mortgages has skyrocketed. Even in the improbable event that figure doesn’t rise any more, it’s a staggering amount of debt that’s on hold. Those who are using the mortgage forbearance program won’t have the capacity to pay off their missed payments. Coronavirus has created the sharpest…
The U.S. has had many stimulus packages before President Trump’s proposed one – but are they a benefit for the country? Many economists believe higher rates of inflation are coming and even “stagflation,” slow economic growth with increasing inflation, from possible stimulus. One stimulus package is worrying enough, but if the coronavirus crisis continues, could…
Americans could receive a $1,000 stimulus check to help them during the coronavirus crisis. The Dow rallied after the news but is falling again on Wednesday. A stimulus check won’t be enough to boost demand as people practice social distancing. U.S. stocks rallied Tuesday on expectations of a huge federal stimulus to deal with the…
The Fed and Trump administration are running out of ideas to save the Dow Jones from a bigger downtrend. Analyst Gina Sanchez says no stimulus package will save the markets in the near-term. Only progress in containing the coronavirus pandemic will alleviate pressure from the stock market. The Dow Jones Industrial Average (DJIA) briefly dropped…
