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President Trump tried to ease COVID-19 fears last night, but that attempt went over like a lead balloon with Wall Street. Trump Touts Containment; Investors Ain’t Having It February 27, 2020 by Joseph Hargett 2020 Financial Crisis, Great Stuff Going to California There was an attempt last night to assuage growing coronavirus fears in the U.S. But that attempt went over like a lead balloon. Following the fifth consecutive drop in U.S. markets, President Donald Trump expressed a whole lotta love for the nation. Trump assured everyone: “Because of all we’ve done the risk […]
Great Stuff is all for “Rah-rah, go U.S. economy!” … but somebody needs to tell it like it is. Divining Dow Headlines; Bob’s Your Uncle at Disney February 26, 2020 by Joseph Hargett Great Stuff Getting Sentimental on the Dow Ever have one of those mornings when you read headlines from the major financial publications … and you nearly spit your coffee all over? I had one of those this morning. I watched as the headlines trended from “Dow Rallies 250 Points in Recovery Rally” to “Dow Rallies 200 Points” […]
The coronavirus market sell-off might be good for Buffett, but you’re not a billionaire. You need a different plan, and Great Stuff has it! Buffett’s Billionaire Bust; Nio’s Bailout Is a Must February 25, 2020 by Joseph Hargett Great Stuff Who Wants to Invest Like a Billionaire? We like talking heads here at Great Stuff … both the financial media version and the ’80s rock band. (“Burning Down the House” is oddly appropriate this week: “Hold tight, wait till the party’s over.”) So, when Warren Buffett — the Oracle of Omaha himself — chimed in […]
I have no idea if the CoronaCoin is a real thing, but I’m simultaneously disgusted and intrigued by the idea. CoronaCoin? Maybe Not; Dropbox Like It’s Hot February 21, 2020 by Joseph Hargett Great Stuff Friday Four Play: The “Crypto Goes Viral” Edition To paraphrase Dr. Ian Malcolm, “Capitalism, uh, finds a way.” If you’re not familiar with the great Dr. Ian Malcolm, he’s the chaos theory mathematician from 1993’s smash hit Jurassic Park. And the nifty little cryptocurrency I discovered this morning is nothing short of chaos. Say hello […]
Great news, everyone! The Fed says that the U.S. economy is solid and the outlook “is a good picture.” Never mind that pesky Chinese virus... The Fed Rolls On; Sticking Stamps.com February 20, 2020 by Joseph Hargett Great Stuff In a Crisis, 3’s a Crowd Great news, everyone! The U.S. economy is fundamentally solid and the outlook “is a good picture,” at least according to Federal Reserve Vice Chairman Richard Clarida. The Fed’s vice chairman also touted the U.S.’s labor market — the strongest in 50 years — calling it a “huge positive.” Clarida […]

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