A new report suggests that bonuses for Wall Street bankers, brokers and traders are about to plummet. That’s right. The Wall Street players will be getting less bonuses, paid for by easy Federal Reserve money. Goldman Sachs announced in the fourth quarter that its compensation expenses would fall 12 percent. This surprised some because one […]
Archives for January 2016
Why the U.S. needs a recession
By: Ronald-Peter Stöferle According to the National Bureau of Economic Research (NBER), a recession is defined as a “significant decline in economic activity spread across the economy, lasting more than a few months.” Often, this is understood as two consecutive quarters of negative economic growth as measured by a country’s GDP. Public opinion is generally […]
PBO report says Canada’s historic household debt highest in G7
A new report from Canada’s budget watchdog warns that the country’s households could soon have the largest debt-to-income ratios in the G7. As the country goes through a wave of economic woes (SEE: Falling loonie, rising food prices, selfie-obsessed PM – a look at Canada’s economic collapse), this won’t bode well for either households or […]
Financial crisis of Puerto Rico creates $70 billion debt – is a bailout coming?
Puerto Rico’s economic collapse is deepening as the island territory’s fiscal situation deteriorates. With its finances in dire straits, the government will fail to make billions of dollars worth of debt payments over the next 10 years. According to an updated fiscal and economic growth plan released by Governor Alejandro Garcia Padilla’s administration Monday, the […]
Chart: Hillary Clinton’s 12 speeches to Wall Street that made her $2.9 million
Hillary Clinton is a champion of the middle class? She detests the one percent? She wants to take down Wall Street? That’s a laugh. Despite Americans’ cynicism of politicians, it’s surprising that Clinton is still leading nationally in the polls, and is still likely to be president of the United States come January 2017. A […]