Economy

World Bank Goes Out “On a Limb” to Forecast 4% Growth… Unless this Pandemic Sticks Around

Much like most financial “experts,” the World Bank has never been particularly great at forecasting economic growth, but you’ve got to hand it to them, they’re an optimistic bunch. On Tuesday the bankers forecast the global economy to grow by 4% this year after shrinking 4.3% last year. But the bankers gave themselves a pretty

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Stimulus Check Optimism and AstraZeneca Vaccine Approval Push Stocks Higher

After yesterday’s pullback, stocks looked to climb to another all-time high today in the final days of 2020. More positive vaccine news came from the U.K. after the government approved AstraZeneca’s (AZN) COVID-19 vaccine. As with the Novavax (NVAX) vaccine we discussed yesterday, AstraZeneca’s formula holds doesn’t require super-cool storage, which gives it an advantage

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Why Are Stocks Shooting to the Moon? The 12 Largest Economies Printed 14 Trillion Dollars This Year

The global economy has not recovered from the pandemic, and in many ways, we’re going in reverse. But stock markets around the globe don’t seem to care.  Stock investors appear to be ignoring economic reality… or are they? There is one giant explanation for why stocks are shooting to the moon even as economies around the

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Trump Unexpectedly Signs COVID-19 Relief Package and Federal Spending Bill, Averts Government Shutdown

After months of negotiations and foot-dragging in Congress, while millions of Americans remain out of work, the second Covid-19 stimulus bill is officially law. The package should give a boost to stocks and pump more money into the economy through consumer spending. Last Tuesday, President Trump said he wouldn’t sign the COVID-19 relief package and

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About Damn Time! And It Looks Like We Could Have Checks in Hand By Next Week

Regardless, of political affiliation, it was becoming increasingly hard to swallow Congress’ lack of action. Millions of Americans have been in desperate need and small businesses across the country have been dropping like flies since the latest surge of COVID-19 cases, and the corresponding round of ridiculous shutdowns. But today, it became official. The children

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