Another wild week in politics and the markets as the “GameStop” et al frenzy continues onward. Yesterday, the Department of Labor informed us that another 847,000 Americans filed for initial jobless claims during the prior week. There was also an upward revision to last week’s figures, which now stands at 914,000. All in for all programs gives us nearly 18.3 million Americans claiming benefits. Roughly speaking, this translates into an unemployment rate of nearly 13 percent, which is much higher than the official stats. A slight decrease was witnessed with respect to the Federal Reserve’s balance sheet and M1 money stock, both of which hit record highs last week. However, M2 money stock continued its ascent and hit a new all-time high at $19.56 trillion. The Fed concluded their first FOMC meeting of the year and remain on guard to do what it takes to lend support to the economy. The Fed continues to make calls for further fiscal policy measures from the Congress and is an advocate for everyone getting vaccinated against Covid-19. Despite the dovish stance from the Fed, the markets suffered their worst week since October. This may very well be a typical market correction in the making, which is usually defined as a drop in prices from recent highs of 10 percent. Or, perhaps this is the start of a bigger sell-off. Time will tell, but on a valuations front, the stock market is at or near all-time highs across several metrics. Earlier discussion this week focused on “The Great Reset” and the IMF’s world economic outlook, so be sure to check out those podcasts as well. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Markets #Fraud #Jobs #Liberty #Revolution #Justice #Inflation #Gold #Silver #USA #Debt #EndTheFed #bananarepublic #FireCongress