There are 20 trillion problems in the United States, but the Debt Ceiling limiting government spending ain't one. Here are the most serious problems in the economy right now...
The U.S. Treasury has been planning for years how to deal with the funding gap set to open up when the Federal Reserve begins unwinding its $2.5 trillion hoard of the government’s debt. Now there’s a new wrinkle to prepare for, as the latest deal to extend the nation’s debt limit complicates matters for Treasury Secretary Steven Mnuchin just as…
Swiss prosecutors are investigating a peculiar case. Someone at a Geneva branch of UBS bank tried to flush tens of thousands of euro down the toilet, Bloomberg reports.
For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar.
Understanding how the US dollar is impacted by the important trends in gold & crypto-currencies, is hugely important for your financial well-being.
‘Cause hey, they just print it up anyway. Here's what to do if you have mutilated currency, just understand that it makes this whole fiat dollar system seem cheap and […]
Pennsylvania's funding crisis has only been exacerbated by a political dispute over whether the state's budget gap should be filled with extra taxes and/or expense cuts.
There are no guarantees when it comes to investing. But due to how our current monetary system is structured, and how central bankers will undoubtedly respond to the next crisis, gold and silver are guaranteed to benefit.And that is Mike Maloney’s Reason #7 why he buys gold and silver: they come with a central bank guarantee:It all centers around the constant erosion in the value of our currency. The Consumer Price Index (CPI), the government’s primary gage of inflation, has marched higher for the past 40 years.
UPDATED: Things may get worse. Much worse. Silver just ran into a major problem, and if gold is to follow suit, there's no way to say it nicely: Gold may start puking […]
This is what Treasury Secretary Mnuchin meant by resorting to ‘extraordinary measures’ to keep the government humming. Sounds like Enron accounting to us.
China’s economic model represents an “unprecedented” threat to the world trading system that can’t be addressed under current global rules, President Donald Trump’s top trade negotiator said.
Permanent impairment of capital is the cardinal sin of investing.Well, today's markets present a clear and present danger of coming capital impairment for those who don't take prudent action in advance of a market downturn. Don't be guilty of inaction.
The stock market bubble is now so massive that even Goldman Sachs is getting worried. Let’s be clear here: Wall Street does best & makes the most money when stocks are roaring higher. So in order for a major Wall Street firm like Goldman to start openly worrying about whether or not the markets are
The scale of this lending greatly increases the risk of a future funding crisis if inflation ever forces the US Federal Reserve to tighten hard
U.S. banks, already under pressure from slower loan growth and low interest rates, could be facing yet another challenge as a rising number of Americans fall behind on their credit card payments.
“By many metrics, this market has never been more expensive. . . . What goes up has to come down. . . .
This time is different are the four most dangerous words any economist or money manager can utter. We learn new things and invent new technologies. Players…
Global Debt Is Growing Faster Than Global GDP
This assessment, of course, is reinforced by the Federal Reserve's clear reluctance to wind down it's huge portfolio, and to end its ongoing policy of low-interest rates — concerned that any additional tightening might lead to a recession.
While they remain this high there is always a risk of a sudden correction that could be destabilising to a financial system and global economy