China rocked stock markets around the world and made business headlines this week after the People’s Bank of China (PBOC) announced it had devalued its yuan by two percent against the dollar for the second time in a couple of days. This will make Chinese goods cheaper, especially at a time when data showed exports […]
Archives for August 2015
Alan Greenspan warns investors of ‘pending bond market bubble’
One of the kings of bubbles, Alan Greenspan, warned in an interview with Bloomberg Television that the United States faces a “pending bond market bubble.” This warning comes as the Federal Reserve continues to mull over raising interest rates from near zero in September, or delaying it until next year. “We have a pending bond […]
Video: EconPop’s ‘The Economics of Demolition Man’
Finally! After a couple of months on hiatus, EconPop is back and this time host Andrew Heaton explores “The Economics of Demolition Man,” a 1993 sci-fi motion picture starring Sylvester Stallone and Wesley Snipes. In the film, the government attempts to curb people’s bad habits by banning anything that is deemed harmful to one’s health […]
Chart: Total U.S. public debt under President Obama
The national debt has really soared in the last five years. When President Obama took office, the national debt stood at just under $12 trillion. Today, that has number has skyrocketed to $19 trillion. His successor – likely Hillary Clinton – will see that figure top $25 trillion (if he/she serves two terms). This FRED […]
Federal Reserve rate hike could cost indebted consumers $9 billion per year
We should know within the next month if the Federal Reserve will raise interest rates or if it will delay it again until next year. It remains unknown because there is a mixed bag of both positive and negative economic data. Polls of economists show they do expect a rate hike this year, and most […]