Despite government workers demanding everybody to start paying more in taxes to fund their bureaucracy and bloated salaries, it seems that they don’t want to pay those very same taxes, according to a new Internal Revenue Service report released Tuesday. More than 100,000 federal employees owe approximately $1.14 billion in back taxes at the end […]
Archives for March 2015
Fed’s Charles Evans says central bankers considered negative rates because of ECB’s QE
Was the Federal Reserve actually considering imposing negative interest rates? Apparently so, according to Chicago Fed Bank President Charles Evans, who spoke in front of an audience in London on Wednesday. Evans explained that central bankers mulled over the idea because of the events currently unfolding in Europe where the European Central Bank (ECB) is […]
Retirement Crisis: America’s 401(k) accounts are miserable failures
The stock market is on a roll: the Nasdaq is in dot-com bubble territory, the S&P 500 posted a record year in 2014 and the Dow Jones is performing quite well. We can’t forget the billions of dollars Wall Street has been getting through the means of quantitative easing and record-low interest rates. If the […]
Fed’s Richard Fisher warns of a ‘substantial magnitude’ market correction soon
Last year, the S&P 500 posted a record year for dividends as buybacks post a 16.3 percent increase. It has been a while since S&P 500 experienced a significant hiccup – it hasn’t undergone a 10 percent correction since 2011. The S&P 500 is just about one percent under its all-time high. Indeed, it’s high […]
Fed’s James Bullard: ‘Boom’ could incite inflation risk, ‘violent’ reaction from rate hike
The Federal Reserve has been dominating the business news landscape for quite sometime now. With the United States central bank continuing to leave us in suspense over whether or not it’ll raise interest rates, economists and officials are debating the merits of a boost in rates. St. Louis Federal Reserve President James Bullard told an […]