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 confirmed that it does not have any immediate plans to raise a key short-term rate in the […]
Archives for March 2014
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 your confidence in the stock market and Wall Street to the core: Wall Street firms […]
$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 United States economy because it’s contributing to the wealth gap, says William […]
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 policy statement, consumer price index data and non-farm payrolls report. by sparkdesign. Explore more visuals like […]
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 live in an economic nightmare. According to the new CNBC All-America Economic Survey, the nation’s viewpoint on […]