The total amount of international sovereign debt producing negative yields is astronomical, says a new report from Fitch Ratings (via the Wall Street Journal). The analysis discovered that there’s more than $10 trillion of negative-yielding debt. According to the report, which was released Thursday, found that 14 nations have $10.4 trillion in sovereign negative-yielding debt […]
Archives for June 2016
5 random things for a Friday (Ron Paul on Donald Trump, bike helmets, Milton Friedman’s virtues of the free market)
News Story of the Day: we all know by now that former Texas Republican Congressman and three-time presidential candidate Ron Paul will not support Donald Trump. However, speaking in an interview with CNBC, he noted that he would come around to Trump if he supported a free market system. But that won’t happen. Dr. Paul […]
Retirement Crisis: More Americans are working longer than ever before – will you ever retire?
Will you ever retire? This is an important question to ask, considering a lack of savings, price inflation, low interest rates, a rising cost of living and stagnant wages. Is retirement gradually becoming an antiquated concept? New data from the United States Census Bureau find that Americans are working longer than ever before. The numbers […]
U.S. job creation slows in May, service sector accounts for all jobs growth
The United States economy added 173,000 jobs in May, but job growth cooled down compared to 2016’s monthly average of 188,000, says a new report released Thursday from ADP and Moody’s Analytics. According to the private payrolls count, the service sector accounted for all of the job creation in May. The service sector added 175,000 […]
Report: Federal Reserve experienced 50 cyber breaches since 2011
Somebody or something is trying to gain access to important documents at the Federal Reserve. According to disclosed records from the United States central bank, the Fed experienced more than 50 cyber breaches between 2011 and 2015. Many officials at the central bank believe those responsible are spies or hackers. In any event, some of […]