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Federal Reserve to hold onto $4 trillion+ balance sheet

dollar

The quantitative easing programs initiated by former Federal Reserve Chair Ben Bernanke has prompted the United States central bank to have a balance sheet that has swelled beyond $4 trillion. With the third round of QE dwindling - and the … [Read more...]

Who are the biggest spenders on lobbying in Washington?

Capitol Hill

Politico has a new report out looking at the biggest spenders who concentrated their efforts on lobbying in Washington in the third-quarter, a favorite pastime for a variety of corporations and industries that seek to gain the favor of our esteemed … [Read more...]

Has the market killed cable television? Infographic looks to answer that

television

Instead of paying outlandish cable bills in excess of $100 per month, consumers are turning to their computers and smart devices to stream their favorite content. By simply connecting an HDMI cord from the computer to their television, viewers can … [Read more...]

No, Paul Krugman, Amazon is great for America

Paul Krugmann - Photo by: Prolineserver (talk)

Everyone’s favorite Keynesian economist Paul Krugman is out with a column arguing Amazon is a hazard to the United States and it will eventually hurt the country. Krugman, like many other times, is completely off the mark in his digressions that it’s … [Read more...]

Peter Schiff: Ending QE will plunge U.S. into a recession (videos)

Peter Schiff YouTube screengrab

Peter Schiff, president of Euro Pacific Capital and bestselling author of “Crash Proof,” has participated in two interviews over the last couple of days; one with the Fox Business Network and the other with CNBC. In both interviews, he reiterated … [Read more...]

Citibank making it more expensive to access your money

cb

Citibank customers will now be paying higher checking account fees starting in the New Year. The financial institution announced Tuesday it would be increasing monthly fees on Citi rewards checking accounts from $20 to $25, while basic account … [Read more...]

Millions of Social Security recipients receiving historically small increases

inflation1

With all the talk of Social Security’s deplorable finances, there is another sign that this entitlement program is on the brink of financial exhaustion: minuscule benefit increases. For the third consecutive year, millions of Social Security … [Read more...]

U.S. debt held by foreign reaches record high $6.07 trillion

yen vs dollar

Foreign holdings of United States Treasury securities reached a record high of $6.07 trillion in the month of August, an increase of $70 billion from the previous month. With the U.S. dollar hitting a five-year high and many believing the U.S. … [Read more...]

Chart: 6 nations doomed if oil prices continue to descend

oil

Oil prices have fallen in recent months because of market innovations and increased production. At the time of this writing, oil prices are trading at just over $80. Although this is a positive for consumers everywhere, this spells doom for nations … [Read more...]

Federal Reserve officials not ruling out possible QE4

Federal Reserve - Photo by: AgnosticPreachersKid

The volatility in last week’s markets suggests that Wall Street isn’t prepared to move ahead without its monthly stimulus injections of cheap money. The declines in nearly every element of the stock market, even globally, have led to much speculation … [Read more...]