The sharing economy is a billion-dollar business and has allowed millions of people to become entrepreneurs, freelancers or contractors overnight. Everything from sharing a ride with someone to using their room when you’re traveling, the likes of Uber, Airbnb and Feastly are changing the economy. But the status quo – big business, governments and professional […]
Archives for August 2015
Peter Schiff: Federal Reserve caused Black Monday crash, will launch QE4
Black Monday saw stock markets all over the world plunge by triple digits. At the start of Monday’s trading session, the Dow Jones collapsed 1,000 points (SEE: Stock Market Meltdown – a brief look at Monday’s market openings), while other markets fell anywhere between 400 and 1,300 points. Although the massive drops generated global media […]
Donald Trump warns Chinese financial crisis will lead to depression
Real estate billionaire mogul and 2016 United States presidential candidate Donald Trump has made China the focal point of his campaign. After Black Monday, Trump has continued to lambast the People’s Bank of China (PBOC) and its decision to devalue the yuan and slash interest rates. Speaking in an interview with Fox News, Trump went […]
Chart: Just how big is Uber in New York, Los Angeles? Hint: it’s big
Despite governments at all levels attempting to curtail the growth of Uber and to protect their financial supporters in the taxi industries, the ride-sharing app doesn’t appear to be going away anytime soon. As the chart (via American Enterprise Institute) below suggests, Uber is massive, and has become a dominant force in some of the […]
A Ludwig von Mises quote to remember on Black Monday
The current market correction or collapse of the stock market is a result of the business cycle, the boom and bust. From credit expansion to money printing, stock prices and the market have been artificially soaring, and the Federal Reserve can be thanked for this. There is no doubt that further losses will come, whether […]