Ahead of this week’s Federal Open Market Committee (FOMC) meeting, the market is looking at what Federal Reserve Chair Janet Yellen will say or do – it will also be her very first FOMC meeting as head of the central bank. It is expected will announce an additional $10 billion taper as well as removing […]
Archives for March 2014
Video: The future of mobile payment
Today’s mobile payment systems are on the brink of a revolution. Thanks to the rise of the cryptocurrency industry, merchants and customers have the option of evading any transaction costs that typically come with conventional payment systems, such as Visa, MasterCard, PayPal and others. The web-based mobile payment system will likely grow even more. This […]
What are the real world effects of union? Milton Friedman explains
If you thought unions had a negative impact on the United States and global economies today then listen to this Milton Friedman video in 1980. It appears that the talking points that unions had three decades ago still remain today. Friedman takes down a number of unions, including the America Medical Association (AMA), in today’s […]
Marc Faber: ‘Clowns at the Fed’ will print money in case of China crash
For global economic growth, the story in China is very important, according to Marc Faber, the publisher of the Gloom, Boom & Doom Report, who spoke with CNBC Thursday in an in-depth interview regarding Beijing. Faber explained that China’s economy is growing at half the rate that authorities are reporting, Dr. Doom stated that China […]
Report says average U.S. household can’t afford a new car
In the 1940 motion picture “The Grapes of Wrath,” a very poor Midwest family is forced off of their land and they travel to California in order to find work. The film, which is based on a novel by John Steinbeck, showed the terrible conditions for many families during the time of the Great Depression. […]