dChan
Anonymous ID: 1cf9ff Jan. 20, 2021, 7:19 a.m. No.45589   🗄️.is đź”—kun   >>5625 >>5683 >>5766 >>5772

PAGUS75 USAFSOC C-32B departed McGurie AFB, NJ sw

 

Pagus, plural pagi, among ancient Germanic peoples, a village community usually formed by a band of related people who would also form a military unit in tribal wars. A loose confederation of such groups formed the larger tribes. In medieval Europe the word came to denote a basic unit of land. It survives in the modern French pays and Italian paese, both meaning “country” or “district.”

Anonymous ID: 1cf9ff Jan. 20, 2021, 9:49 a.m. No.45708   🗄️.is đź”—kun   >>5714 >>5766 >>5772

U.S. stocks roar higher, set fresh records as Biden is sworn in as president

 

U.S. stocks traded near record territory Wednesday at midday, after both the S&P 500 and Nasdaq posted new intraday highs, as Joe Biden was sworn in as the 46th U.S. president.

 

Earlier in the session, a parade of encouraging corporate earnings also helped stoke optimism about the path to recovery. Stocks were trading near record highs Wednesday at midday as Biden was sworn in as president, with a vow to wrestle the ailing economy from the clutches of the pandemic and end a tumultuous four years under the Trump administration.

 

The incoming president spoke of the need for unity, while also pledging to fight for racial justice and to reject extremists and white supremacy.

 

“We must end this uncivil war that pits red against blue, rural versus urban,” Biden said. “In the work ahead of us, we are going to need each other.”

 

Last week, Biden laid out plans for a $1.9 trillion COVID-19 relief package, which includes direct payments to Americans and funds set aside for testing and vaccine distribution, to help confront the economic shock from the deadly pandemic.

 

And on Tuesday, the S&P 500 index snapped a three-session slide after Biden’s Treasury Secretary nominee Janet Yellen endorsed Biden’s push to “act big,” in terms of providing additional fiscal stimulus to help bridge the economy through the pandemic. Biden also will be tasked with healing the country after riots on the Capitol two weeks ago rattled the nation. About 25,000 national troops secured the inauguration event after Trump supporters stormed the seat of government, resulting in five deaths.

 

The incoming president already announced a number of executive orders to reverse some of Trump’s legislation, including rejoining the World Health Organization and the Paris climate accord. He also will end bans on travel from 13 Muslim-majority and African nations. he Wall Street Journal reported that Biden will extend a pause on interest and principal payments for federal student loans until the end of September, keeping in place restrictions on evictions and foreclosures, and mandating the wearing of face masks on federal property and for interstate travel on airlines, trains and transit system.

https://www.marketwatch.com/story/dow-futures-rise-tepidly-on-bidens-inauguration-day-11611146421#

https://finance.yahoo.com/quote/%5EIXIC

https://www.kitco.com/charts/livegold.html

https://www.kitco.com/charts/livesilver.html

 

Wall Street Traders Propelled Bumper Quarter for Biggest Banks

 

Record trading revenue helped make 2020 a far better year for the biggest U.S. banks than for most other industries, with the coronavirus pandemic ripping through the country’s economy.

 

While optimism seems to have taken hold across much of Wall Street, the question now is what 2021 will look like, with Goldman Sachs Group Inc. and Morgan Stanley executives saying it’s unlikely that last year’s trading surge will be repeated.

 

Five of the biggest U.S. lenders JPMorgan, Citigroup, Bank of America, Morgan Stanley and Wells Fargo & Co. cut their combined reserves for credit losses by about $6 billion from September, sending fourth-quarter earnings beyond analysts’ estimates.

 

The reduction in JPMorgan’s reserves was concentrated in the firm’s wholesale unit, which caters to corporations, while at Bank of America the release came mostly from its consumer business. Finance executives pointed to economic optimism and healthy household and business balance sheets as driving their decisions to reduce provisions for credit losses.

 

The six banks, including Goldman, had set aside more than $35 billion to cover potential loan losses in the first half of 2020, when few knew how the pandemic would affect the economy and debtors’ ability to make their payments.

https://www.bnnbloomberg.ca/wall-street-traders-propelled-bumper-quarter-for-biggest-banks-1.1551329

 

Setting it up to fall on Biden's watch.

GEOTUS knows this is all hot air but stuck to the mantra of rising stock market good for all.

Emphasis on it yesterday.

Why? because this is the system (((THEY))) created and it will eventually fail.