The automobile industry has fueled a sales boom with low cost loans and relaxed (sub-prime) lending standards. Auto sales are slowing down. Inventories on car lots are growing.
Government is on the verge of completely destroying the economy all because those in power are incapable of managing even a bubblegum machine. Local cities are
Where the state is, there is the power to tax; for rulers cannot rule without taxation.
As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end.
Move to slash in half the amount bank card holders can withdraw from ATMs in enclave expected to take effect Saturday
Financial markets are heading straight into a perfect storm of central bank failure, bond market carnage, a worldwide recession & a spectacular fiscal bloodbath in Washington.
events last seen together in the 1930s — “a crash on Wall Street and a recession on Main Street” — are ahead...
During the first quarter of 2000, the dotcom bubble famously peaked after setting a new record high for corporate equity valuations. Today, we haven’t quite matched that record in terms of eq…
Robert Schiller appeared on CNBC this morning to explain just how insane the valuation levels of the market are currently...
The Fed shouldn't be driving the United States economy because monetary stimulus is quite limited, Trump economic advisor Judy Shelton told CNBC on Wednesday.
...a currency meltdown have left the country's largest note worth just around 2 U.S. cents on the black market.
promoting a new idea to bolster tourism in his crime-plagued city: levying a new tax on tourists, then using the proceeds to reimburse visitors who are mugged.
“In India Even Beggars are Going Cashless” Yes Prime Minister, you are right. India needs to take the digital way. Half of India’s children are malnourished. 44% of children under the age of 5 are underweight, while 72% of infants have anaemia.
Let’s say you have two equal size safety deposit boxes. One box you completely fill up with stacks of $100 bills. The other you fill up with gold. Which of the two is “worth” more?
If the Fed stepped away from the market, stocks would crash & concomitantly Gold & Silver would Soar.
Foreign USTreasury Bond dumping continues, & even accelerates. China and the Saudis are selling USTreasurys in a near panic.
The surge in Treasury yields that started on November 8 has produced an increase in the activity called "stripping." (Bloomberg) The amount of Treasury notes and bonds split into principal- and interest-only securities jumped in November by $4.2 billion to $233.8 billion, a record in Treasury Department data going back two decades. Investors in long-maturity…
While black swans are inherently unpredictable, Nomura has pointed to 10 potential grey swans to worry about for 2017.
The European Union is headed for meltdown with the failure of the Italian referendum vote. Many votes are still ahead and this spells trouble for U.S.
The Moody's ratings agency on Wednesday downgraded its outlook for Italy's sovereign debt to negative from stable, citing the failure of the constitutional referendum, but kept the debt rating unchanged.