Archives for June 2016

The “real” unemployment rate is just under 10 percent, President Obama has an approval rating of just 50 percent and economic confidence is in subzero territory. Oh, and the majority of Americans think Congress is doing a bad job. This is what the state of the U.S. looks like right now, according to Gallup. Here […]

Thanks to the Federal Reserve and Janet Yellen, housing affordability is gradually becoming a major problem for millions of Americans all over the country. Due to the skyrocketing costs of renting, millions of renters spend at least half of their income toward housing. According to a new annual State of the Nation’s Housing Report from […]

Vermont Senator and self-proclaimed socialist Bernie Sanders is staying in the presidential race, despite not having enough delegates to defeat former Secretary of State and likely United States president Hillary Clinton. His decision to stay in the race could cost taxpayers about $1 million. It’s a drop in the bucket for the nation’s finances, but […]

“If there were to be a negative shock to the economy…we don’t have a lot of room using our traditional tried and true methods to respond.” These were words of Federal Reserve Chair Janet Yellen, who delivered her semi-annual testimony on the United States economy to Congress on Tuesday. Yellen essentially conceded to the fact […]

Should a United States-style housing collapse occur in Canada then mortgage lenders and insurers could see the loss of close to $17 billion, warns a new report from Moody’s Investors Service. With the Canadian mortgage market facing “systemic vulnerability,” a significant crisis could lead Canadian banks and mortgage insurers losing more than $17 billion. Moreover, […]