Mad Times FinancialYour World...Your Money...Your NewsDecember 2021

Rising Number Of Investors Sell Stocks, Bonds To Buy Crypto – Survey

December 9, 2021 RickMad Comments Off

CryptoNews.com: Amid a rapidly increasing interest in cryptocurrencies, money from the stock market is starting to rotate into crypto, with 23% of respondents to a US poll declaring they or someone they know have sold […]

Evergrande Has Finally Defaulted: Here’s What Happens Next

December 9, 2021 RickMad Comments Off

ZeroHedge.com: This is the way Evergrande ends: not with a bang but a whimper. Three months after an initial shockwave of fear that China’s largest and most indebted property developer was set to default, roiled […]

McConnell-Schumer Debt Ceiling Deal Clears Senate Procedural Hurdle, Congress on Path to Avert Default

December 9, 2021 RickMad Comments Off

FoxBusiness.com: A deal between Senate Minority Leader Mitch McConnell and Majority Leader Chuck Schumer to allow the Senate to raise the debt ceiling with a simple majority cleared a key procedural vote Thursday, setting Congress […]

Stock Market

Wall Street Sounds Alarm on Stock Market Pullback

FoxBusiness.com: S&P 500 has not seen a 10% pullback in 369 trading days. Wall Street strategists are growing more concerned that a slowing U.S. economy could derail the stock market’s record run. The [...]
Economy

Dow Jones, S&P Eye New Records, Disney Jumps

Foxbusiness.com: U.S. stocks made another run for fresh records as investors wind down a busy week which included a strong quarter from Disney. Advertisements Advertisements The Dow Jones Industrial Average rose over 60 [...]
Corona Virus

Bidding Wars Erupt For Renters as the Economy Recovers In a Hot Housing Market

CNBC.com: They are usually reserved for homebuyers, but bidding wars are becoming more common in the rental home market. Demand for apartment and single-family rentals is surging and outpacing supply. [...]
Debt Ceiling

Government Spending Shock: US Budget Deficit Soars In Worst Start To Year On Record

It is only fitting that the twilight days of the Biden admin would exhibit more of the same fakeness that defined not only all of the past four years, but [...]
Energy

New York Refuses To Give More Money For Offshore Wind Projects As Cheap “Green” Myth Implodes

ZeroHedge.com: The New York state authorities have rejected a request by Orsted, BP, and Equinor for raising the price of electricity in future power purchase contracts featuring offshore wind energy. [...]
Bitcoin

Bitcoin vs. Ethereum: Which Is a Better Buy?

USNews.com: Bitcoin and Ethereum are the two largest cryptocurrencies. But is BTC or ETH a better investment? It’s no surprise that investors are interested in cryptocurrencies. They’re among the best [...]