26 February 2020

1) Global trade experiences its first full-year drop since the financial crisis, with weaker world growth and a manufacturing recession taking their toll. The spread of the coronavirus, with its impact on businesses and households, is increasingly pulling world economics down. While the decline isn’t huge, it is the first since 2009 and follows growth of more than 3% in 2018. The virus has shut off huge areas of China causing the closing of factories and now is spreading internationally.

2) The markets continue to follow the Dow’s thousand point drop with more large loses. To add to the financial worries, bond yields are slipping down, raising concerns that the global economy is slowing significantly because of the spreading coronavirus. There is heavy buying of treasuries in order to shelter money, with the ten year Treasury yield traded at 1.32%, an all time low, with the thirty year bond yield also reaching a record low. Analysts are already cutting their earnings estimates for the first quarter, further dampening hopes for better near term growth.

3) Retail giant Amazon has opened its first Go Grocery store in Seattle. The automated store is cashierless where customers walk in, and get what they want, and on walking out, computer and sensors electronically charging their purchases. The store is over 10,000 square feet and has about 5,000 items including fresh produce, meats and alcohol. This is just another example of the grocery retailers efforts to automate their operations and reduce labor costs.

4) Stock market closings for – 25 FEB 20: Dow is down 1900 points in two days and some experts fear the markets are 500 points away from being a correction.

Dow 27,081.36 down 879.44
Nasdaq 8,965.61 down 255.67
S&P 500 3,128.21 down 97.68

10 Year Yield: down at 1.33%

Oil: down at $50.10




And Yes We’re Back Like Never Before. It’s the EFR Podcast Show featuring me (Sammy BE/Bizman Bassey) @EcoFireTV, James Lyman @ObsoletePeople & on the boards Jon Don Sterling @TheDramaBlock.

On this episode #33, the group interviewed social media manager Keith Dorsey @YoungGunsCEO. He happens to assist managing the careers of online mega stars such as RobbiiWorld, Hollywood Dollz & Woah Vicky.

Keith came on the show to discuss social media presence, online platforms, attaining a lucrative online following and base, as well as productive advise for young entrepreneurs, trying to thrive in media… This is an episode you got to listen to…..

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Check Out Our Online Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE)

2)www.twitter.com/ObsoletePeople (James Lyman)

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

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

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)


By: Economic & Finance Report

This week’s podcast episode Bizman Bassey (Sammy BE), James Lymon, and Jon “Magic Don” Sterling on the boards; had the great pleasure of interviewing Lawrence Franklin (1st cousin to musical extroidainaire Kanye West).

Law came on the show to discuss millennials taking hold of real estate and real estate investing. How important it is to invest in real estate and have ownership in real estate properties, especially for millennials in this day and age.

He spoke on financial gains in investing and we also threw some Kanye West questions in there; in which he gave us some great answers to.

This is an episode you don’t want to miss & as always Stay Bless & God Bless…. #RealRecognizeDeal$$$$$ #EcoFireTV#SammyBE

Online Platforms To Check Out:


2) www.twitter.com/EcoFireTV

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

4) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7)www.TraderSoul.com (Financial Trading Website)




By: Economic & Finance Report

Our talented organization are seeking writers, and contributors to join our team. People with experience in journalism and writing researched based news content on business, economy/economics, finance around the world; and articles are requested to join our highly skilled and talented staff….

If interested please send resumes to Contact@EconomicandFinanceReport.com. Thanks-SB

EFR Podcast #23 feat Forbes Mag Editor Zack O’Malley Greenburg: Forbes Millennials

Sammy BE (Bizman Bassey) along with James Lymon & Jon Don Sterling on the boards, had an opportunity to interview the Senior Media & Entertainment Editor of Forbes Magazine, Zack O’Mally Greenburg.

Zack recently dropped his new book 3 Kings: Diddy, Dr. Dre, Jay-Z, and Hip-Hop’s Multibillion-Dollar Rise, which speaks about the business accumen of Dr. Dre, Jay Z and Diddy aka “Brother Love”. The book details their meteoric rise in the music business and how they utilized Hip-Hop to bring it into the $$$$$ main stream, with revenue and sales.

We asked Zack about millennials/Generation Z and how he perceives new media in the new generation; and where he believed hip hop will be in the coming years. He also spoke about what motivated him to write this latest book and what he learned through his journey, when doing research for this book.

This is an interview you don’t wanna miss. Remember as always Real Recognize Deal$$$$$$, while you Stay Bless & God Bless…..

Website Platforms To Check Out:

1) www.instagram.com/EcoFireTV


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

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

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube Ch)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)



 By:James Lyman BSAE, BSEE, MSSM
In our present political or economic discourse, we tend to embrace one while rejecting the other, depending on which we have interest in. If our interest is politics, then our attention is absorbed with matters and news about politics, while if economics, our attention goes to matters dealing with economics with exclusion of political matters. Nothing could be more short sighted! Economics and politics are so intertwined that you CANNOT consider one without equal consideration of the other. They are different sides of the same coin, always inseparable if you are to have a coin of any value. As much as you might like to neglige politics and talk economics, it's just not viable, and the opposite is just as true. 

This understanding is very important because today, the economic future of the millenniums is being determined by the present electoral process. The only problem is most of those millenniums aren't paying any attention to what is happening. Worst still, those in elected offices long with those who elect them by their votes are showing little or no concern for the future of millenniums only their immediate selves. This intertwining of politics and economics was part of our Nation's creation, with the popular public perception of America revolting against England because of taxation without representation, but in actuality the trouble went back much further than that, and it was economially based.

 As settlers started to migrate west, King George proclaimed those virgin lands in the west to belong to the Crown, and therefore couldn't be homesteaded by the colonist. Since Europeans were immigrating to America to get all this free unused land, this attempt to deprive them of economic opportunity went over like the proverbial lead balloon! Another thorn was when the Crown decided to cull through all of American's timber, and select the choice timber for England to use in shipbuilding, thereby leaving the residue for the colonist. Another example was Englishmen skilled in manufacturing and machinery were forbidden to travel to America, because the English didn't want America to develop our own manufacturing ability, instead to be a source of raw materials for England to exploit while selling us manufactured goods in return. 

This has always been the problem with the colonial system. The whole purpose and reason for a colony is economic exploitation . . . and no one . . . but no one likes to be exploited! Therefore, across the history of colonies, there has been friction between the colony and the mother country, very often resulting in armed conflict of insurrections. This economic-political duality was the whole bases for Japan and World War II. Coming late to the game at the start of the Twentieth Century, Japan embarked on obtaining a system of colonies to bolster her fragile emerging economy, just as so many advanced nations did in the seventeenth and eighteenth centuries, not appreciating that the age of colonies had already passed.

 Japan called this the Greater East Asia Co-Prosperity Sphere, and she intended to push the white colonial powers out of their Far East colonies and take over, as if being economically exploited by a fellow Asian would make all the difference in the world. Prior to WWII, politics in Germany was in part driven by fears of economic domination by the other European countries, in particular France. These fears became very acute with the collapse of Germany's economy in the late twenties and thirties from the crushing burden of war reparations, much of it owed to France. 

The political process within Germany sought ways to address these economic fears, which resulted in the emergence of the National Socialist Party, more commonly know as the Nazis, and their solution was to militarize and use the political method of conquest to achieve their political-economic aims . . . in other words, World War II. In the political process of America today, every political poll shows the economy as the principle concern for Americans, driven by the uncertainty of the people's future. While contestants in the two thousand sixteen election flay away at each other with silly word games and various political machinations and marketing ploys, the real concern for most American's is- Will I have a job next week, next year or the next decade? Will the hard work I put in each day ever result in an increase in my pay? Will I ever be able to make any real economic progress? Pure economics and politics one hundred percent! 

The young people of America, the Millenniums and the Z Generation seem strangely remote from the political discord of our sixteen election, seemingly unconcerned that their future is being determined today . . . now . . . by those who are running for office in both the presidency and the congress. So far, no candidate has shown any particular interest, let alone any strategics or methods, for alleviating the problems facing the youth of America . . . 

The growing displacement by technologies, the threat of obsolescence pressing them out of the social economic system. So while they are busy amusing themselves with their little smart phones with texting, Facebook, Twitter, and other social media activities, the political system ignores their situation as the economy continues to leave them further and further behind. In short, you can't divorce economics and politics from each other.


one year and counting

By:  Economic & Finance Report

EconomicandFinanceReport.com,  hit an important milestone this past friday, we hit our 1 year anniversary…. (Dec 11, 2014). This is very important because most websites or blogs that people start are not consistent or don’t last long at all, they have a short life span.

As we progress as an international online media publication our focus is to continue to achieve successes as it relates to the economy, finance, business, job employment, corporate governance, real estate, investments etc etc and other economical and financial subjects. We will continue to brand ourselves as leaders of the new school, when it comes to the new economy and new finances (business and personal), but while still keeping our brand and founding elements in tact….

Congrats to this website and let us progress as we continue another year of goals and objectives….Our Mantra “Show The Light And The People Shall Follow, To Find The Way. The Will Of The People” -SB