A new report suggests that subprime auto bond delinquencies have reached the highest in 20 years. According to Fitch Ratings, delinquencies on subprime auto debt merged into securities hit a level unseen since October 1996. The data suggest that the trend of late payments continued in the month of February. The report shows that auto […]
Archives for March 2016
Marc Faber supports Donald Trump, warns of central banks creating socialism and owning corporations
Republican frontrunner and billionaire real estate mogul has found a new supporter in Marc Faber, the contrarian investor and publisher of the Gloom, Boom & Doom Report. Faber, speaking in an interview with CNBC, announced his support for Trump on Monday. Although he isn’t eligible to vote in the U.S., Faber noted that Trump is […]
Basic Income Guarantee: A disastrous policy that’s gaining traction worldwide
As soon as you turn 18 years of age, you will be given a basic income for the rest of your life just for breathing. That’s the premise behind the latest push to install a basic income guarantee. In the last couple of years, policymakers, anti-poverty activists and socialists have been putting forward a concept […]
Study ranks states with the highest, lowest tax rates in 2016
It’s tax season. Oh bully! It’s also a prudent time to take a look at what states have the highest and lowest tax rates in the union. WalletHub released a new study to examine just what states are tax-friendly and what states just want to suck its citizens dry. Right now, Alaska has the lowest […]
Will the U.S. prevent Britain from exiting the European Union?
The United States government is asserting its influence into the internal affairs of a country and a region…once again. President Obama is scheduled to visit Great Britain next month to lobby against the United Kingdom from making an exit from the European Union. This is also known as the “Brexit,” which would harm the eurozone […]