The Bank of Canada has kept interest rates at near record lows for several years. From central bank chief Mark Carney to today’s Stephen Poloz, Canada has experienced some of the lowest rates on record. This has kept borrowing costs at all-time lows (for now), but also a plethora of unintended consequences. One of these […]
Archives for September 2015
Is an October rate hike possible? St. Louis Fed President says maybe
The Federal Reserve announced last week it would leave interest rates unchanged. This came after months and months of economists and financial experts being certain the United States central bank would raise rates for the first time since 2006. One Fed president believes it’s time to start increasing interest rates, and it may come as […]
WalletHub Report: 2015’s most, least fair state tax systems
Taxes are once again at the forefront of political discourse as the 2016 presidential election gears up. WalletHub released its annual report on the 2015’s Most & Least Fair State Tax Systems. The report found the fairest tax system in the United States is Montana, while the worst is Washington. States with the Fairest Tax […]
Week in Review: Sept. 14 to Sept. 20
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: Bloomberg Poll of Economists: Next U.S. recession to happen in 2018 BIS warns Federal Reserve rate hike could create global debt crisis Benefits of basic income guarantee vs. […]
5 random things for a Friday (government employees get $150k worth of free yoga classes)
News Story of the Day: In his “Waste Report,” Kentucky Republican Senator and 2016 presidential candidate Rand Paul found that federal agencies spent more than $150,000 since 2013 to offer free yoga classes to government employees. According to the report, the State Department spent $15,000 on yoga for Washington, D.C. employees, while the Energy Department […]