Despite the United States being in the boom phase of the Federal Reserve business cycle, many workers are still unable to find work. And when they can’t find employment opportunities, they simply exit the labor force. According to a new Harris Poll released on Wednesday, close to half (43 percent) of unemployed Americans have quit […]
Archives for June 2016
2006 video shows Hillary Clinton wanting to ‘secure our borders’ with ‘physical barriers’
The border wall on the United States-Mexico border is a dangerous proposition. We always think about keeping illegals out, but what about the idea of keeping people in should an economic or societal collapse unfold? Whatever the case, the mainstream media seem to label Donald Trump as a racist for supporting the border wall idea, […]
It’s Not Just Trump: Obama’s Protectionists Are Attacking Chinese Steel
By: Ryan McMaken Donald Trump is certainly not the only powerful protectionist out there. Chinese steel production has been coming under increasing attack by American interest groups and the US government itself. Back in late April, US Steel Corp began petitioning the US government for a ban on steel imports from China. US Steel Corp […]
CardHub study shows U.S. on track for $1 trillion credit card by end of 2016
It’s 2005 all over again (that’s the second time today). With the Federal Reserve-manipulated boom fully entrenched in the United States economy, consumers are borrowing again and racking up obscene amounts of credit card debt. With easy access to credit and the need to keep up with the Joneses (or because they live paycheck to […]
Housing Bubble 2.0: Banks, lenders starting to require fewer mortgage documents
Is it 2005 all over again? During the 1990s and early-2000s, financial institutions required very little or, even in some cases, no documentation at all for housing mortgages. These were known as stated income loans and were advertised by banks as “low-doc” loans. However, as time went on, they became known as “liar loans.” The […]