$1.5 Trillion Bank Fears Brutal ‘L-Shaped’ Recovery – And Another S&P 500 Nosedive

$1.5 Trillion Bank Fears Brutal ‘L-Shaped’ Recovery – And Another S&P 500 Nosedive

Barclays has downgraded its year-end price target for the S&P 500 Index by a whopping 16%. The bank isn’t discounting the possibility of an ‘L-shaped’ recovery as opposed to the ‘V-shaped’ rebound many economists are forecasting. Dr. Anthony Fauci says the U.S. should see the “beginning of a turnaround soon,” but don’t expect economic activity…

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We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs

We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs

The latest Federal Reserve consumer credit report released on Tuesday. It shows record levels of outstanding credit in February: $4.2 trillion. With unemployment rocketing, another financial crisis is around the corner. Total outstanding U.S. consumer credit stood at nearly $4.2 trillion in February. According to the latest consumer credit report from the Federal Reserve, seasonally…

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Trump’s $1 Trillion ‘MAGA Club’ Is Going All in on Bernie Sanders

Trump’s $1 Trillion ‘MAGA Club’ Is Going All in on Bernie Sanders

Trump’s presidency has been a boon for U.S. tech giants. But Silicon Valley is backing disruptive Democrats by an overwhelming margin. The president’s “MAGA club” is lining up behind Bernie Sanders – not Donald Trump. President Donald Trump has unofficially licensed his MAGA slogan to Silicon Valley’s four most prestigious companies: Amazon, Apple, Google, and…

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Vanguard’s $1.3 Trillion Blockchain Makes Bundesbank Look Foolish

Vanguard’s $1.3 Trillion Blockchain Makes Bundesbank Look Foolish

Vanguard’s $1.3 Trillion Blockchain Makes Bundesbank Look FoolishOpinionVanguard is using blockchain to power $1.3 trillion in index funds, just days after Bundesbank ridiculed the technology a joke. | Source: AP Photo / M. Spencer GreenBy CCN: Vanguard, the world’s largest provider of mutual funds, is using blockchain to power their enterprise.The investing giant, which popularized…

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