Photo Image Credit: Wikipedia

By: Economic & Finance Report

Vice chairman of Berkshire Hathaway, Charlie Munger has indicated that the recession that has been displayed because of the Coronavirus; has had drastic effect on the US and global economy as a whole.

Vice chair Munger has indicated executives from top S&P 500 companies are not seeking a government bailout aka “government intervention”, because in his opinion they are “too frozen” to do so. He has spoken that the airline industry has done very little to bring increase scrutiny on where they lie ahead of their financial stats and balance sheets. -SB

5 December 2019

1) The oil cartel OPEC and their allies are being called on for dramatic action to avert a crash in oil prices. They are being called on to cut production of crude oil to keep oil prices high, while the world is facing a looming flood of oil from American production. If they don’t restrict production, the world faces an oversupply of about 800,000 barrels per day in the first half of 2020.

2) Businesses are under a constant threat of ransomware attacks with increasing consequences of financial loses. Every business or organization from large corporations, health care systems, universities and small businesses are at risk. These targets must use defensive methods, but those costs time, money and resources to do. The FBI estimates there are several thousand ransomware attacks each day.

3) Stock market closings for – 4 DEC 19:

Dow             27,649.78    up    146.97
Nasdaq          8,566.67    up      46.03
S&P 500         3,112.76    up      19.56

10 Year Yield:    up   at    1.78%

Oil:    up   at    $56.32


By: Economic & Finance Report

The Central Bank of China instituted key interest rate reforms on Saturday, August 17, 2019. The China’s Central Bank did this to help companies and corporations with borrowing costs.

China has been suffering from the trade war with the US. The lower interest rates could help companies with lowering their borrowing costs. The central bank will be trying to improve thier interest rates, which will then assist these companies in borrowing costs that would be minimal.

China’s State Council indicated they want the country to focus on market based reformation, which will then lower real interest rates significantly. -SB

2 January 2019

1) Analysis estimate there is a 40% chance of a recession in 2019.

2) Analysis cut the 2019 earnings forecast by more than half. While still growing, earnings are growing at a slower rate than expected from 2018.

3) This next year will be a make or break for fifteen international corporations. They are Bayer, Sears, BT, Tesco, Deutsche Bank, GlaxoSmithKline, Tat Motors, Ford, EDF, Goldman Sachs, General Motors, Huawei, Facebook, Air France – KLM, and RWE. Of interest is the number of automotive manufactures in trouble.

4) 31 DEC 18 Stock market closing:

Dow            23,327.46 up 265.06
Nasdaq 6,635.28 up       50.76
S&P 500   2,506.85      up    21.11

10 Year Yield: down at 2.69%

Oil: up at $45.81


*Image Source: Dreamtime*

By: Economic & Finance Report

In the first round, US issued tarriffs took place at midnight Friday, June 6, 2018. The tariffs was placed on $34 billion worth of chinese goods and products.

The Chinese government has indicated they will retaliate with tariffs on $34 billion dollars worth of USA goods and products.

Both nations seem to be raising the stakes on tariffs issued to one another, pursuing a showdown that may be detrimental to both countries imports and exports.

Neither side seems to be backing down, in the latest trade wars spat, between both countries. -SB

The Changing World For Millennials: The New Axiom Of Modern America

NTEs (Non Thinking Entities) lead to UDSs (Useless Dumb S_ _ts).

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

Today, half the science major graduates and half the engineering graduates never work in the field of their studies. It’s not that they can’t find jobs, for they certainly do . . . and they are much sought after by American business. This is because studies of the sciences and engineering give people more than just technical knowledge- it gives them the intellectual skills of analysis, organization and problem solving that companies realize they must have if they are to survive and prosper in the twenty-first century. Consequently, more and more there is the ‘invisible’ sign to the right, hung out by companies looking for new people to build their business on. Unknowingly, unwittingly companies are seeking out people with the intellectual skills that come from university studies in the sciences and engineering. By the same token, they are avoiding those from the traditional liberal arts curriculums.

When I was first starting out, getting a college degree, any college degree was your ticket to the good life. You could expect to get a good well paying job. That changed rather quickly, actually in something like just a decade. As manufacturing in America declined, as computers became more prevalent in the economy, jobs for college graduates began to shrink. Companies started becoming more selective, and those with the least rigorous degrees began finding jobs difficult to find, and paying little more than minimum. This is a result from the decline in the creation of new jobs as the turn of the century approached, until by the start of the twentieth-first century, creation of new jobs reached zero where it remains to this day. Before the 2008 economy crash, the unemployment-underemployment for new college graduates was about 9%.

Since then, it jumped to and remains at about 20 to 25%. New college graduates now hold low paying jobs once held by highschool dropouts, while at the same time are also struggling to pay off student loans.

For the last several centuries, technology has doubled every fifteen years (computers, medical and genetics as little as three to five years), consequently technology has grown immensely and continues at an unbelievable rate. Lets consider the rate of growth for technology in 1855 when many of the technologies that make up our modern world were coming into being. If technology had grown at that 1855 rate, a constant even rate year after year (linear growth), then it be almost the year 30,000 AD to reach the level of technology we have today. Looking the other way, it’s about 6,000 years back to the stone age. That’s how huge the technology gap is for most Americans. Today, so many American’s are closer to the stone age than to today’s technology and the world they are living in. That’s how far so many Americans are behind. With the liberal arts degrees little different from a century ago, it’s easy to see why companies feel they need the engineering and science graduates if they are to survive in the twenty-first century. They know they must have people trained for this century, not the century when the Declaration of Independence was signed.

This is why, unknowingly, not really realizing it, so many American companies have hung that invisible sign of ‘NTE’s need not apply’ on their front door. While BA college graduates still can go in, still fill out job applications, still leave off resumes, and still strive to gain a decent job to make a living at, they have already been rejected the same as if that NTE sign was very large and acutely visible for all the world to see.

And there is absolutely no indication that it will ever improve!

One of the great tragedies I see being acted out today, is so many of today’s young people are preparing themselves for the world of their parents . . . a world that has already faded away and died. A world that no longer exists, leaving them with little to nothing.

Consequently, the ideal career path for a millennial or Z-generation person is to take as stiff a degree program in science or engineering that they can possible choke down, then get an MBA (Masters of Business Administration) from as good a school as they can get in. That’s the ticket to success in American business, the ticket that the youth of America needs to build a good solid, well paying career that can end in a retirement. This is what more and more young people are doing, thereby leaving less opportunity for those who don’t.

Getting a job that can end in the pot of gold at the end of the rainbow!


Happy New Year 2018 & Super Bowl Folks!!!!!!!

Happy Super Bowl LII Eagles vs. Patriots; Businessman Bassey aka Sammy BE aka Bizman Bass aka Mr, Finance The Deal!!!!!!!!!! (Financier Sammy B) along with co-host James Lymon & on the boards, Magic Jon Don Sterling; discussed everything under the economic, financial and business sun, for the beginning of 2018.

The trio discussed topics ranging from 2018 Davos Business/Economic Summit, to new USA Federal Reserve Chair (Jerome Powell) and his impact on monetary policy, as well discussing more on the drop of cyber currency in recent markets.

This episode is definitely a dooozzzzzzzy.,……  Superbowl LII edition,

Stick around and enjoy this new episode for the start of 2018, episode 20….. Let’s Goooooooooo………….

Remember to #StayBlessed & #GodBless

Website Platforms To Check Out:



3) www.Economic& (Economic & Finance Blog Site)

4)@Economic-FinanceReport (Podcast/Online Show)

5)…Nlb2VRfDCQ/videos (EFR.Tv Youtube Ch)

6) (Real Estate Investment)

7) (Financial Trading Website)

EFR Podcast Episode #19: 2017 Yearly Wrap Up & Review (Bitcoin,Trump’s Republican Tax Bill, & China Debt)

By: Economic & Finance Report

Mega host Sammy BE (Bizman Bassey) co host James Lymon, along with Jon Don Sterling (on the boards), wrap up 2017 with a year end review on the economy, business and finance.

They engage on topics ranging from Bitcoin, stocks profits/declines, Trump’s Republican tax bill (which he signed into law before Christmas began), our military & manufacturing sector encompassing a strong nation and our huge deficit and/or debt to China(in the $$$trillions$$$ of dollars)……

This year has seen its share of ups and downs in the economic & financial stratosphere but overall the year turned out to be a learning experience, as every year before it should be. Only time can tell what the new year (2018) will bring.

One thing is for sure 2018 shall surely be one that is newsworthy on the economic, financial and business front, and as it develops we will report on it, discuss it, and of course podcast it… The EFR Podcast show… Happy New Year 2018.

Remember to tune in, and continue to #Stay Blessed & #God Bless…

Website Platforms To Check Out:



3) www.Economic& (Economic & Finance Blog Site)

4)@Economic-FinanceReport (Podcast/Online Show)

5)…Nlb2VRfDCQ/videos (EFR.Tv Youtube Ch)

6) (Real Estate Investment)

7) (Financial Trading Website)

Yo-Yo’s of Life: The Threads Of Technology Displacement In My Latest Novel And How The Problems Of The Millenniums Are Rooted Decades In The Past.

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

I just finished my fourth fictional novel under my pen name R.K.O. Timoshenko (all available on that is set in the mid 1970’s, when the roots of technology displacement of people was becoming prevalent. There are three characters, Heather who is a liberal arts major having been through a very abusive marriage and acrimonious divorce. Her landlord John, who is an engineer in the Air Force returning to the university to study electronics and computers, intent on joining the exploding computer revolution. And finally, the third main character, the MITS Altair 8800, the world’s first personal computer two years before the famous Apple II and TRS-80.

As a psychology major, Heather is very much an alien, or one who so fails to advance technologically that they become aliens in their homeland. She and John are about as opposite as people can be, plus having faulty perceptions of each other from their senior year together in highschool. But years later, circumstances bring them together as tenant and landlord while both attend university. In discussing the problems for women and the woman’s liberation movement with her teacher Gloria, Heather complains that the movement is geared to the professional woman, the upper 5% of the American woman population. That the movement seems to look down on woman working as secretaries and typist, which then comprised about one third the jobs that woman worked at. She then poses the question of what will the woman’s

movement do if these computer boys should invent a machine that replaces the secretary/typist thus eliminating a third of the jobs for woman, not realizing she has accurately forecasted the future for so many woman. That in just a few more months, the first wordprocessor program for small computers would appear, and with the explosive growth of low cost personal computers, all those jobs would disappear in a decade. That in less than ten years, the US Department of Labor would announce they were drastically reducing their career forecast for secretary/typist because of the unforseen impact of new technologies – the word processor with low cost computers.

The computer boys had indeed replaced one third of the jobs for American women.

And as is so often the case, the ‘Gloria’s’ have no answers. But this is just one example of jobs being eliminate by low cost computers, for in the factories, robots where becoming more prevalent and so were also eliminating many of those good paying manufacturing jobs for the men. I recently saw a news article about a California manufacture of high end flashlights, the factory owner complaining that since he had to use two parts made in China, he couldn’t put “Made in America” on the label, which was the point of the news report. But they showed pictures of the factory, which employed about 300 people, and it was huge! It looked like about three aircraft hangers set end to end, and as far as you could see, there was line after line of green metal cabinets. Little industrial sheet metal houses … where the machine robots lives! There was only one or two humans walking the aisles and cross walkways. It’s a factory, like so many other American factories, where most of the 0employees0 are machines.

It’s been that way across the spectrum of both manufacturing and business in general, and this process continues today, changing the world and future for the millenniums because automation and technology displacement is now on the middle and upper income white collar workers. Since the economic crash in 2007, there has been numenius news reports of middle and upper level management in the six figures income, who have been laid off. Where once they could find new jobs in a few days to weeks, they have gone months, even years without a nibble. And in those reports, the people express confusion why they can’t find new jobs. This is the result of another artifact of technology displacement called “Organizational Innovation” as described in the new book “Race Against the Machine” 1 where advancements in communications and computers have allowed corporations to reorganize themselves to do the work with fewer skilled management people.

Automation and technology displacement is no longer some poor sod working down on the factory floor, for that’s now all done and past tense. It’s now the higher level, higher paid workers who are the targets of automation.

It was just by happenstance that the woman character Heather foretold what would happen to so many women, and how the woman’s movement, which she supported, would have little effect on improving the station of woman in American society simple because it did not recognize and address the growing problem of technology displacement for both men and woman. You can’t solve problems by ignoring major components of a problem.

In the book, computers are used to show the pronounced gulf between ‘Heather the alien’ and

‘John the technologist’, which is the bases for their conflict and incompatibility. They are going in different directions in life, with Heather trying to understand just what this incompatibility really is, while John is absorbed in understanding and enjoying the emerging digital electronics technology. But despite their fundamental differences, living close together intertwines their lives more and more, until slowly they become one as a married couple.

While this story is set in 1975-6, it continues unabated today for the millenniums as they struggle for a future of their own.

1) “Race Against the Machine”, Erik Brynjolfsson, Andrew McAfee, Digital Frontier Press, Lexington, Massachusetts, 2011, p56.

Wealth Being Sustained In Hidden Shell Corporations


By: Economic & Finance Report

Wealthy people have used shell corporations and trusts to establish purchases of property in the U.S. and around the world. Shell corporations allow individuals to protect their identities and avoid tax encumbrances.

Wealthy individuals utilize these safe havens for the availability to secure their identities and their earnings.  This is not a new trend to say the least but it is increasing,  as more people attain assets and diversify their financial portfolios.-SB