Americans are in a tremendous amount of debt. In order to either fund their high standard of living or to cover their day-to-day bills since they live paycheck to paycheck, a substantial number of Americans are in the red. A chart from the Federal Reserve Bank of St. Louis shows how consumer debt service payments […]
Archives for March 2016
Guest Post: Planning a Wedding on a Tight Budget in Today’s Economy
If you dream of one day having a fairytale wedding perhaps on the beach in some exotic locale, you’ll need to accept that fact that it’ll cost an arm and a leg for that kind of pomp and circumstance. In the United States, the average cost of a wedding is $26,444, though many spend south […]
David Stockman warns ‘it’s over’ as world economy drifts into a recession because of ‘blindfolded arsonist’
Stocks in the United States will soon see their values eviscerated because of the Federal Reserve’s disastrous policies, warns David Stockman, the former Reagan White House budget director and author of “The Great Deformation.” Speaking in an interview with CNBC on Monday, Stockman likened the U.S. central bank to a “blindfolded arsonist” because the Fed […]
Price controls may be on the way
By: Paul-Martin Foss If you thought negative interest rates were as bad as it could get with central banks, you might be in for a surprise. Central banks have been so spectacularly unsuccessful with their accommodative monetary policies that they are discussing pulling out all the stops to get the results they want. They fail […]
Solar energy firm SunEdison Inc (SUNE) stock collapses 42% to 73 cents
When the state is no longer subsidizing your solar energy be prepared to see various solar firms start crumbling one by one. Described as the Wall Street nightmare stock, SunEdison Inc (NYSE:SUNE) has seen its shares collapse over the last 12 months by 97 percent. But at the start of Tuesday’s trading session, the solar […]