Economy

Guest: Economist Jack Hanney available by Zoom/Skype from Los Angeles/Pacific Time Intro: As the lockdown drags on with no end in sight, small and large businesses which thought they could weather the storm are throwing in the towel. It is estimated that 60,000 restaurants have closed around the U.S. and that 100-millions jobs in the world tourism industry are at risk, or gone. In many ways we have inflicted unwarranted pain on ourselves by choosing … Read more

Guest: Economist Jack Hanney available by Zoom/Skype from Los Angeles/Pacific Time Intro: Six months of Covid plus growing political unrest normally wouldn’t be the formula for a record high stock market and record high gold. Millions are unemployed and receiving government assistance as large sectors of the retail, restaurant and entertainment industry lay idle, waiting for the lockdown to end. Cities fraught with violent riots under the cover of political protests are seeing businesses close … Read more

Guest: Economist Jack Hanney available by Zoom/Skype from Los Angeles/Pacific Time Intro: Six-month on the Covid crisis continues with political unrest on the side, with that the stock hasn’t crashed and gold is reaching record highs in the $2,000 per ounce range. Millions are unemployed and receiving government assistance as large sectors of the retail, restaurant and entertainment industry lay idle, waiting for the lockdown to end. Cities fraught with violent riots under the cover … Read more

Guest: Jack Hanney via Skype, Zoom or Telephone Intro: Democratic Presidential Candidate Joe Biden has already signaled that his victory in November 2020 means one thing for sure; hold on to your wallet. Personal and corporate tax rates, capital gains and deduction levels will be targeted for increases, with high income personal tax rates possibly doubling. Beyond that, the large number of burdensome regulations on small and large businesses which have been curtailed by the … Read more

Critical Next Step in Avoiding Economic Meltdown Guest: Economist Jack Hanney available by Zoom/Skype from Los Angeles/Pacific Time Intro: Senator Mitch McConnel, Majority Leader, is set to negotiate a second round of stimulus payments as the Coronavirus pandemic continues to impact the economy. Not wanting to take up the House passed 3-trillion dollar HEROES Act, containing too many Democrat initiatives unrelated to economic stimulus, McConnell and GOP Senators are looking for another round of one-time … Read more

Will Newly-minted ‘Rich’ non-working class invest in stocks? Asks Economist Jack Hanney, available by Zoom, Skype or Phone from L.A. Intro: We’ve heard it all before: The Best Laid Plans of Mice and Men. And the Law of Unintended Consequences.  Perhaps the best example of this is in recent Topsy-Turvy Bailouts where a staggering number of laid-off workers are now receiving considerably more money in unemployment pay than from their prior jobs! And if they … Read more

“Where’s the Incentive to work?” Asks Economist Jack Hanney, available by Zoom, Skype or Phone from L.A. Intro: A staggering number of laid-off workers are now receiving more money in unemployment pay than from their prior job!  Economist Jack Hanney, CEO of Patriot Gold Group, asks the simply question, “With unemployment benefits this big, where’s the incentive to work?” Q&A:   Jack, let’s just jump right in. Where’s the incentive to work in this multi-trillion dollar … Read more

Economist Jack Hanney available by Zoom, Skype or Phone from L.A. Democrats are floating a $3 Trillion relief bill with hopes to rush it to a vote by the end of this week. Republicans are in less of a hurry to pass into law another 13-figure bailout. So, just might be the impact on our economy if we made an overnight addition of $3 trillion in red ink by printing $3 trillion greenbacks?  Some say … Read more

The U.S. economy has been severely impacted by the coronavirus, and Americans’ retirement savings have not been immune. According to a report by Fox Business last week, Fidelity Investments released the results of its analysis of retirement savings trends for the first quarter of 2020. The financial services company analyzed more than 30 million 401(k), IRA and 403(b) retirement accounts, according to the report that concluded the coronavirus-led economic downturn did indeed lead Americans’ retirement … Read more

Intro: Warren Buffett explained this week the simple reason why the US will never default on its debt. According to Yahoo! Finance, The U.S. Treasury is borrowing $3 trillion in three months to pay for the pandemic response, a record sum that dwarfs the $1.8 trillion borrowed in 2009 during the financial crisis, with the debt sold in bonds to a variety of foreign and domestic investors. Weighing in on this ‘new normal’ coronavirus economy is Jack … Read more

Economist Jack Hanney available by Zoom/Skype from Los Angeles/Pacific Time Introduction:  The coronavirus and the law of unintended consequences. With plunging demands for travel, the oil industry is on the ropes with oil prices in negative territory.  How long can this last? They can’t just keep paying money to people to haul away their oil. The economy of multiple nations throughout the Middle East including Saudi Arabia depend on oil for more than half their … Read more

Intro: Not long ago, big government bailouts were something largely associated with Democrats. But in the ‘new normal’ of the coronavirus pandemic things have changed quickly. But are they all for the better?  The glaring question today is: What is likely to get passed on anticipated PPP2? Joining us in this discussion is economist Jack Hanney, CEO of Patriot Gold Group. Q&A: 1.  What is likely to get passed on PPP2?  How much, how big– … Read more

Years ago, the business advertising phrase that was the catchiest was, “When EF Hutton Talks, People Listen.” But today it might as well be, “When Trump Talks Coronavirus, Stocks Tank.” Regardless of how many trillions of dollars Trump and the Fed pump into the economy, it seems when the President delivers live Coronavirus updates, investors take heed, especially with his latest forecast of 100,000 to 240,000 coronavirus deaths likely in the next two weeks.  Commenting … Read more

We are witnessing two simultaneous historic events, one is the COVID-19 coronavirus pandemic, but the other one is a dirty little secret that’s about to surface…a Crude Secret…are you ready for this? The price of crude oil is about to go negative—below zero—meaning oil companies will have to PAY to have it hauled away! Commenting on this unprecedented event as it unfolds is economist Jack Hanney, CEO of Patriot Gold Group.  Q&A:  It seems like … Read more

Nancy Pelosi faulted President Donald Trump for supposedly fiddling in his early handling of the coronavirus, which allegedly cost American lives. But others including the Rev. Franklin Graham say it’s the other way around, that it was Nancy Pelosi who wasted days packing pork and pet projects into the $2 trillion relief bill to allow its passage.  Commenting on this matter is economist Jack Hanney, CEO of Patriot Gold Group.  Q&A:  What price are Americans … Read more

Just when you thought you heard the worst of coronavirus fallout, economists from the Federal Reserve’s St. Louis district forecast a whopping 32.1% unemployment, or 47 million employment reductions! Here to share his projected unemployment insights is economist Jack Hanney, CEO of Patriot Gold Group. Q&A:  I could understand it if some fringe Internet site forecast that one third of Americans would seen be unemployed, but this dire forecast is from ultra-conservative United States Federal … Read more

Interview opportunity with Economist Jack Hanney/ L.A./Pacific Time The biggest economic rescue legislation in US History is now headed to the House after the Senate unanimously approved the stimulus deal 96-0 on Wednesday. But will it be enough? Here to give us the details is economist Jack Hanney, CEO of Patriot Gold Group. Q&A 1. What is wrong with the $2 Trillion relief package and why might it not be enough? 2. What are you … Read more

Goldman Sachs is recommending buying gold, describing it as the “currency of last resort,” shortly after their official predication that we are heading into a recession with a projected Gross Domestic Product drop of 5% for the second quarter of 2020. Some analysts view this as quite optimistic. Weighing in on this matter is economist Jack Hanney and founder of Patriot Gold Group. Q&A:  Goldman Sachs is considered the gold standard of investing when it … Read more

In the trail of the rapidly escalating coronavirus, the biggest financial quest is: Are we entering a Recession or a DEPRESSION? Goldman Sachs has just officially predicted we will be entering a recession  with a projected Gross Domestic Product drop of 5% for the second quarter of 2020.  Here to give us coronavirus-related insights is economist Jack Hanney. Q&A:  What is the actual definition of a Recession? What is the definition of a Depression? The … Read more

Coronavirus fears have sent the stock market on a roller coaster ride. Where it will end, no man knows. Warren Buffett in his 2020 Annual Newsletter wrote, “Anything can happen to stock prices tomorrow. Occasionally, there will be major drops in the market, perhaps of 50% magnitude or even greater.” Such a drop could send gold prices soaring In a telephone interview with Kitco News, Ryan Giannotto, director of research at GraniteShares, said that the … Read more

Donald Trump: Love him or hate him, you can’t ignore him. While people on different sides of the aisle may disagree with his temperament or leadership style, there’s one area that is difficult to disagree on: The fact that the economy and employment have boomed under President Trump. Helping us analyze Trumpian Economics is our guest, Jack Hanney, CEO of Patriot Gold Group, who will help us paint a picture of the economy with and … Read more