Category Archives: Business & Economy
Canada Unleashes Retaliatory Tariffs On US: Here Is The Full List Of Affected Products
Canadian PM Justin Turdeau exclaimed his indignance at the Trump administration’s decision to impose tariffs on Canadian steel and aluminum imports, saying it is an “affront” and announced retaliatory tariffs against the US. The tariffs cover Whiskey, Orange Juice, and other food products as well as steel and aluminum. Measures will apply to up to C$16.6 billion dollars of products.
Read more
Why Does the Federal Debt Even Matter? David Stockman Explains (Audio)
The national debt. We hear the term all the time and how it continually keeps going up. But, is this something to be concerned about? Does it really affect you and I in our daily lives? You bet it does!! David Stockman explains how the national debt affects us.
Read moreAnother Step Towards Collapse Of The Petrodollar
“China, along with a great many other nations, are ready for this system to change and balance the economic scale… Once this ‘problem’ [known as the Federal Reserve Note] is corrected the U.S. economy will change dramatically…”
Read moreRunning On Empty
Public pensions and medical funds are delineating inevitable battle lines: governments versus taxpayers, the unproductive versus the productive, the aging versus the young. Public pension obligations are rising so fast that even repeated tax increases can’t keep up. If the stock and bond markets suffer multi-year declines, even modest declines, the pension war will move from skirmishes to open political combat.
Read moreThe Death Of Retail Real Estate Continues: 77MM Sq.Ft Of Shopping Space Closed In 2018 Already
2018 is set to surpass 2017’s record of 105 million square feet closed…
Read moreUS Budget Deficit Hits $600 Billion In 6 Months, As Spending On Interest Explodes
The US may have a debt funding crisis on its hands soon.
Read moreHow Much Income You Need To Afford the Average Home In Every State
Housing prices are on the rise, thanks in large part to extremely tight inventory, so it’s worth asking: are potential home buyers getting priced out of the market?
Read more“The Enemy Of My Enemy…” – Google Partners With Retailers To Challenge Amazon
Google is teaming up with retailers like Target Corp., Walmart Inc., Home Depot Inc., Costco Wholesale Corp and Ulta Beauty Inc. to take a cut of their sales in exchange for facilitating sales by allowing retailers to list their products directly on Google’s search platform.
Read moreAt $21 Trillion, The National Debt Is Growing 36% Faster Than The US Economy
On Friday afternoon, the national debt of the United States hit another major milestone, soaring past $21 trillion for the first time ever. Debt growth is VASTLY outpacing GDP growth. And this is critical to understand.
Read more“Avoiding The Mistakes Of Our Parents” – Only A Third Of Millennials Have A Credit Card
Nearly a decade has passed since Lehman Brothers collapsed, ushering in the most acute phase of the financial crisis – yet many millennials remain deeply distrustful of banks and borrowed money…
Read moreFed Chair Admits “US Is Not On A Sustainable Fiscal Path”
Less than a week after Dallas Federal Reserve Bank President Robert Kaplan sounded the alarm over the level of debt that America’s government is projected to carry, Fed Chair Jay Powell told Congress today that “the US is not on a sustainable fiscal path.”
Read moreThe US Government Lost $1.2 Trillion In 2017
$1.2 trillion. That’s simply staggering… It’s larger than the size of the entire Australian economy… and constitutes a loss of more than $2.2 million per minute…
Read moreHere Are The States With The Highest (And Lowest) Tax Refunds
Not everybody receives the same amount back in their tax refund (if they get a refund at all). HowMuch.net has created a map to show the average tax refund in every state.
Read moreHow Did America Go Bankrupt? Slowly, At First, Then All At Once!!!
The US federal debt has again been on the move, as of mid-week up to a fresh record of $20.7 trillion. But, really, without some sort of reference point, what does that mean? Well, let’s break it down.
Read moreUPS, FedEx Sink As Amazon Launches “Shipping With Amazon”
After more than a year of anticipation the e-commerce behemoth Amazon.com has announced today that it will launch a “Shipping with Amazon” service that will entail picking up packages from businesses and shipping them to consumers. This move will put them in direct competition with the likes of UPS and FedEx.
Read moreChina Downgrades US Credit Rating From A- To BBB+, Warns US Insolvency Would “Detonate Next Crisis”
Chinese credit rating agency Dagong downgraded US sovereign ratings from A- to BBB+. That puts the U.S. on the level with Peru, Colombia and Turkmenistan on the Beijing-based agency’s scale of creditworthiness. The U.S. has also been put on a negative outlook.
Read moreWill the Dollar Survive the Rise of the Yuan and the End of the Petrodollar?
The dollar’s hegemony is being directly challenged by China, which is not shy about promoting her own currency as her preferred settlement medium.
Read moreWill Cryptocurrencies Pass the Market Test?
It is not enough to have an established purchasing power. A particular thing — to be used as money — must also pass the market selection process.
Read moreChina Regulators Complete Final ‘Drill’ In Preparation For Petro-Yuan Futures Trading
“It is not unreasonable to envision a world in which the overwhelming share of commodity contracts, especially for oil, are no longer denominated just in dollars,”
Read more“For The First Time In Modern History” US Government Debt Will Surpass Household Debt
Household debt, fast as it may be rising, is about to be eclipsed for the first time ever by the even faster rising federal government debt.
Read more