The Federal Reserve raised interest rates last week for the first time in nine years. It was very small: just 25 basis points. There was a lot of reaction afterwards as some said the United States economy was improving and others said it was on the verge of a recession. Speaking in an interview with […]
Archives for December 2015
Chart shows FOMC word count in Bernanke, Yellen statements
When Ben Bernanke was chair of the Federal Reserve, the statements released by the Federal Open Market Committee (FOMC) gradually became wordy. When Janet Yellen took over the reins of the United States central bank, the FOMC statements have become less wordy. The chart was compiled by CNBC. Here is what the business news outlet […]
Report: 10 big states taxing Internet sales
To no one’s surprise, New York and California are two of the top three biggest states taxing Internet sales, according to a new report from Forbes magazine. The publication released its list of the top 10 states imposing sales taxes on ecommerce transactions. Texas, which may turn some heads for being on this list, is […]
Donald Trump: Bubble is forming, slams GOP for $1.1 trillion spending bill
Many foresee a recession within the next year or two (SEE: Billionaire investor says Fed rate hike is too late to stop U.S. recession in 2016). If a recession were to transpire it would likely lead to a bursting of one or two of several bubbles, including tech stocks or the bond market. If a […]
Rand Paul says Congress didn’t read $1.1 trillion, 2,200-page spending bill
Last week, the United States congress voted in favor of a $1.1 trillion omnibus spending bill, and many are calling for the head of Speaker of the House Paul Ryan, or as some refer to him: John Boehner Ryan. What’s interesting is that it was doubtful the more than 2,000-page bill was read at all. […]