If you walk down any main city street, you will usually notice at least one young person sporting a Che Guevara T-shirt. Whether or not they really know this dictator was isn’t exactly clear. Many people, including celebrities, wear Guevara shirts in addition to Stalin, Mao and Marx (for whatever reason). But do they really […]
Archives for March 2015
David Stockman: ‘Sooner or later there will be a recession’
The Federal Reserve and the Obama administration may be enthusiastic about the United States economy and financial system, but one economist is warning that we shouldn’t be popping open the bottle of champagne just year. Well, the U.S. couldn’t even afford a bottle of champagne without turning on the printing press or borrowing money from […]
Full Mar. 18, 2015 statement from the Federal Reserve
The Federal Reserve removed the word “patient” from its guidance. Fed Chair Janet Yellen also noted that the United States central bank is unlikely to raise interest rates at its next Federal Open Market Committee (FOMC) meeting in late April. A rate hike could transpire at any meeting after the one in April. Here is […]
Report: 3 signs you have a spending problem
Do you live paycheck to paycheck? Do you have more “stuff’ than real assets and savings? Well, it’s likely you have some sort of spending problem. There are plenty of warning signs that you’re a chronic spender, but this was an interesting list compiled by Daily Finance, which highlighted three common signals of a spending […]
Marc Faber & Peter Schiff: Federal Reserve won’t raise interest rates
Will she or won’t she? That has been the question put forward since autumn. Federal Reserve Chair Janet Yellen has been evasive in her language as to whether or not the United States central bank will finally raise interest rates this summer. Even establishment economists and financial analysts are perplexed as polls continue to show […]