Proof that Basic Income Works

Hence, America just demonstrated that Basic Income works and alleviates poverty. Given these results, I think a scheme such as failed presidential candidate Andrew Yang’s (D-New York) Freedom Dividend could lead to great prosperity in America.

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Can the Big Banks Survive Coronavirus?

Given that potential reality, all investors need to get ready for a bumpy ride in the market. One way to prepare for that ride is to hold cash rich stocks with high margins of safety such as JPMorgan Chase & Company (NYSE: JPM). I think the banking system will survive, but that survival will be rough.

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Why Andrew Yang is the Leader America Needs

  Thus, Yang is revolting against the elite and its agenda of culturism. To clarify, The Oxford Living Dictionaries describe culturism as a “Belief in the relative superiority or inferiority of certain cultures;” or, “discrimination or prejudice based on assumptions about culture.”

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Can Interest Rate Cuts Save America’s Economy?

Cutting the interest rates may not help real estate market. In fact, interest rates were already at 4.75% on 31 July 2019, which is low, The New York Times notes. To clarify, the average mortgage interest rate over the past 30 years was 6.25%. In contrast, Freddie Mac estimates the average mortgage interest rate was 3.75% on 1 August 2019. New home sales fell by 2% between June 2018 and June 2019, The New York Times estimates. Moreover, investment in residential structures has been falling for six straight quarters. Under those circumstances new home sales are below their post 2008 peak in 2017.

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