President Obama inherited an economic collapse from President Bush. Despite the vast sums of money being printed by the Federal Reserve, the increase in government budgets and consumer spending on the rise, this is the slowest economic recovery since after the Second World War. According to a new report from the Congressional Research Service (CRS), […]
Archives for July 2016
Hillary Clinton lies for another three straight minutes (video)
The minutes keep piling on for former Secretary of State and likely next United States President Hillary Clinton. This time, a video shows Clinton lying for another three consecutive minutes. Hillary Clinton, is there a moment in her time when hasn’t told a lie? Simple answer: nope.
Delinquency Rates Rising: Is A New Crisis Approaching?
By: Olav Dirkmaat The delinquency rate on loans is key in understanding banking. It answers one question: what percentage of loans is overdue for payment? The delinquency rate is by far the most useful indicator for “credit stress.” It seems, however, as if delinquency no longer counts. Few are paying attention to the quick and […]
Unemployment rate for U.S. black teens hits 40%
A new chart from the American Enterprise Institute (AEI) looked at the unemployment rate for black teens, aged 16 to 19, in the United States. The data highlighted that the jobless rate for black teens hit 40.1 percent in June, up from around 22 percent at the beginning of 2016. It’s also up by 12 […]
Democrats want to bring diversity to Federal Reserve instead of ending central bank
Unlike 2008 and 2012 (thanks to Ron Paul), the Federal Reserve hasn’t been a hot topic throughout the 2016 election cycle. It was hardly mentioned by any of the leading Republican presidential candidates, while Hillary Clinton and Bernie Sanders were debating who was more progressive. Released earlier this month, a draft of the Democratic Party’s […]