Category Archives: Business & Economy
Student Debt Bubble Expands As Parents Do More Of The Borrowing
Parents have given up trying to moderate the cost of their kids’ education and started doing the borrowing themselves. They’re now taking on the majority of new debts, and the gap is widening dramatically.
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US Equity Futures Tumble As US Readies Additional $200 Billion China Tariff List
Bloomberg reports that President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter. “The list could be released as soon as Tuesday, and likely this week.”
Read more“Dark Path Ahead”: Why American Farmers Dread The Trade War
While automakers – and their dealerships – are getting most of the headlines this week, the effects of the escalating trade war between Presidents Trump, Xi, and Putin are rippling across numerous US industries – directly, and indirectly. Makers of whiskey, cheese, auto parts and more are contending with the global tariff battle – but it is US farmers that appear to be suffering the most.
Read moreFour Trade War Scenarios: From ‘One-&-Done’ To ‘All Hell Breaks Loose’
On July 6th, President Donald Trump’s tariffs on $34 billion worth of Chinese goods are set to take effect. And, as Bloomberg’s Chief Asia Economist, Tom Orlik, notes, with an additional $16 billion coming close behind, and China threatening retaliation, it looks like the opening shots of a trade war are about to be fired.
Read moreThe Supreme Court Just Put Small Online Businesses at Serious Risk [VIDEO]
Small online businesses and consumers around the country will suffer the most from the Supreme Court’s ruling Thursday in South Dakota v. Wayfair Inc. The court essentially ruled that all 50 states and the tens of thousands of local tax jurisdictions are now permitted to reach outside their borders and require out-of-state internet retailers to collect and remit local sales taxes.
Read moreEU Threatens $300 Billion Retaliation If US Moves Ahead With Auto Tariffs
More than a week after President Trump threatened to slap a 20% tariff on auto imports from the European Union, Brussels has issued a written warning to the US Department of Commerce with a threat of its own: If the Trump administration moves ahead with the auto tariffs, the bureaucrats in Brussels won’t hesitate to respond with tariffs on $300 billion in US goods…
Read moreWill Blockchain Free Us from Wall Street? [AUDIO]
An inside look at how blockchain technology might blow up the financial service and banking industries.
Read moreHarvard Warns About The Nation’s “Housing Affordability Crisis”
As the report marks its 30th anniversary, this year’s report suggests the housing market is overbought, immobile, and unequal. The influential Harvard think tank even believes the American housing sector is broken, as “income inequality has helped to fuel today’s housing affordability challenges.”
Read moreLate-Cycle: The Stressed-Out, Tapped-Out American Consumer Just Paid Off A Ton Of Credit-Card Debt
A new report from WalletHub, the personal-finance website, showed a considerable amount of Americans repaid $40.3 billion in credit card debt during the first quarter of 2018 — the second-largest quarterly payoff ever.
Read moreTwo-Thirds Of Americans Say High Cost Of Living, Gas Prices Are Biggest Financial Risks
The high cost of living and tepid wage growth remain key concerns for households, but not enough to hold back consumer activity which accelerated.
Read moreCanada 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 moreWhy 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…
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