Economists are now certain. They know 100 percent the Federal Reserve will raise interest rates twice this year by 50 basis points. Despite their incorrect prognostications in the past of how the United States central bank will boost rates this month, they are now guaranteeing rate hikes. With four Federal Open Market Committee (FOMC) meetings […]
Archives for June 2015
We should be grateful for Wal-Mart
Over the weekend, my wife and I watched the 1945 motion picture “A Tree Grows in Brooklyn,” which is based on a book by the same name. It follows a family – mother, father and two precocious children – and their struggles during the early 20th century in Brooklyn. It was a fantastic film and […]
Week in Review: Jun. 15 to Jun. 21
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: $15 minimum wage puts American workers at top 1% of global income: finance author Report: Bottled water and 8 other products with the biggest markups (hot) Stop the […]
Price Inflation: U.S. rents not slowing down, spike 3.5% in May
Price inflation isn’t here if you don’t live under a roof. See Also: $15 minimum wage puts American workers at top 1% of global income: finance author The United States Department of Labor released a new report Thursday that showed the cost of renting an apartment continues to soar, and landlords are not relenting at […]
Marc Faber: U.S. recession could happen by end of 2015
The Federal Reserve has hinted that it will raise interest rates twice this year, likely by 50 basis points in total, which is quite minuscule. Nothing is concrete, though, as we saw this month, a time when nearly every economist predicted the United States central bank would hike rates. See Also: The Boom is on […]