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News & Articles By Ethan Huff
04/28/2020
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By Ethan Huff
Thousands of US businesses to permanently close due to coronavirus lockdowns
As some states begin the slow process of reopening their economies, many businesses that were forced to shutter due to the Wuhan coronavirus (COVID-19) lockdowns – and especially the smaller ones – might never reopen at all because of their immense losses. With 22 million Americans-and-counting filing for unemployment benefits, many economists are saying that […]
03/29/2020
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By Ethan Huff
The FDIC is urging Americans to keep their money in the banks… practically an admission that you probably shouldn’t
The Federal Deposit Insurance Corporation (FDIC) put out a video recently urging Americans not to withdraw their money from banks because the banking system is supposedly doing just fine. But if that’s really true, then why say anything about it at all? FDIC Chairwoman Jelena McWilliams basically told America that the safest place to keep […]
03/25/2020
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By Ethan Huff
Economist says we can’t let coronavirus kill the economy, urges placing Wall Street profits above human lives
Thomas Sowell once wrote, “There are no solutions. There are only tradeoffs.” And aren’t we ever seeing that today with the Wuhan coronavirus (COVID-19) crisis as society grapples with the moral dilemma of getting the economy started back up again to prevent a total collapse, or keeping everything locked down to protect public health. Some […]
03/23/2020
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By Ethan Huff
Here come the soulless billionaires begging for taxpayer-funded bailouts for their greedy selves
As millions of ordinary Americans struggle to put food on the table now that the Wuhan coronavirus (COVID-19) has taken away their jobs, billionaires like real estate investor Tom Barrack actually have the audacity to whine on cable television about how they personally need taxpayer-funded bailouts to avoid long-overdue corrections on their greedy overleveraging. Barrack recently […]
03/11/2020
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By Ethan Huff
All mortgage payments to be terminated across Italy due to coronavirus
Now that the entire nation of Italy is under mandatory lockdown due to the Wuhan coronavirus (CoVid-19), officials there are readying to suspend all mortgage payments and even some tax payments to help the nation’s confined citizens avoid going broke. Reports indicate that movement has now been restricted for some 60 million Italians, meaning they […]
02/15/2020
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By Ethan Huff
Apple shuts down Foxconn facility in China due to coronavirus (no more iPhones?)
While most people are focused on the direct human impact of the Wuhan coronavirus in terms of its risk of spread, far fewer are paying attention to the dire economic impacts of having to keep Chinese factories closed due to the outbreak, including at least one factory owned and operated by Apple iPhone maker Foxconn. […]
02/06/2020
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By Ethan Huff
Hyundai, Kia shut down production due to coronavirus
With Chinese New Year celebrations winding down, companies in China would normally be opening back up for business. Because of novel coronavirus, however, many of them will remain shuttered indefinitely, which means companies in other countries that rely on them for parts and supplies are also having their businesses interrupted or halted. According to reports, […]
02/03/2020
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By Ethan Huff
China’s global supply chains collapsing due to coronavirus
Novel coronavirus is spreading to the four corners of the globe, creating fear and panic about a potential out-of-control global pandemic. But another major threat is the economic impact of this disease, which is already disrupting China’s global supply chains and threatening to trigger a collapse. Reports indicate that people are increasingly deciding not to […]
02/03/2020
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By Ethan Huff
John McAfee just withdrew his famous 2020 prediction about Bitcoin, now says the cryptocurrency is essentially obsolete
There was a time when John McAfee of antivirus fame predicted that Bitcoin would reach $1 million by 2020. But he’s since changed his mind and decided that Bitcoin will eventually reach $0 because the cryptocurrency is based on “ancient” technology. Part of McAfee’s former $1 million claim included a personal promise; if it didn’t “shoot the […]
10/30/2019
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By Ethan Huff
Bitcoin advocates thought futures trading would make it skyrocket to $1 million, but this was actually a plot to pop the bubble
Back in 2017, we issued a warning about the then-launch of Bitcoin futures, which threatened to open wide the floodgates for price manipulation. Well, it turns out we were right, as the former head of the U.S. Commodity Futures Trading Commission (CFTC) has come forward to reveal that it was actually the Trump administration that […]
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