Archives for March 2014

Janet Yellen admits U.S. labor market is worse now than in recession

Despite the Federal Reserve tapering off its monthly bond-buying purchases, Fed Chair Janet Yellen confirmed that low interest rates are here to stay for a little longer amid very poor labor market conditions. The United States central bank … [Read more...]

Michael Lewis: ‘United States stock market is rigged’

Did you know that the United States stock market is rigged? Well, Michael Lewis, author and financial journalist, thought you should know. Speaking in an interview with CBS’ “60 Minutes” on Sunday, Lewis presented a case that would really shake … [Read more...]

$1 trillion student loan debt hurting 37 million Americans

Approximately 37 million Americans are in shackles with more than $1 trillion in student loan debt. The average student loan debt is more than $29,000 per student. With an extremely difficult labor market, students are in for a very long ride in the … [Read more...]

A brief list of key economic events for Apr. 2014

This is a somewhat interesting infographic brought to you by MXT Global. It looks at some important economic events for April, including the European Central Bank’s (ECB) rate decision and policy statement, Bank of Japan’s (BOJ) rate decision and … [Read more...]

Poll: 81% of Americans view economy as fair or poor

High unemployment, astronomical, public and private debt, several bubbles, stagnant wages and rising cost of living. In the United States, it’s quite difficult to attain the American Dream, but these days it’s likelier for millions of citizens to … [Read more...]

IRS says bitcoins are property, not legal tender

In the middle of tax season, the Internal Revenue Service has finally made it clear about its classification of bitcoin and other digital currencies: it’s property and not a currency.  This means the virtual currency would be subjected to tax akin to … [Read more...]

David Stockman: Massive price inflation since 2000 for everyday living expenses

On his Contra Corner this week, David Stockman, former budget director during the Reagan administration and author of “The Great Deformation,” published a series of charts illustrating the fact that the United States has undergone serious price … [Read more...]

Higher food price inflation coming to U.S. this year: USDA

Keynesian economists and proponents of the Obama administration like to make the case that inflation is invisible and that consumer prices are quite low. However, the U.S. Department of Agriculture continues to state the opposite. This year, … [Read more...]

Gold hitting $9,000 and $50,000 – Are these legitimate forecasts for gold prices?

After a disappointing 2013, gold has started off the year doing quite well, despite finishing at a one-month low during the Monday trading session. Nevertheless, some Wall Street traders and contrarian investors see gold hitting new highs in the near … [Read more...]

Peter Schiff: Janet Yellen is not hawkish, Fed won’t end QE

The markets and finance experts are still reacting to last week’s announcement by Federal Reserve Chair Janet Yellen that the central bank will soon end its quantitative easing measures and raise rates. Yellen also released economic data in which … [Read more...]