Florida Governor Rick Scott and United States President Barack Obama are warning about the devastation that Hurricane Matthew may bring to the Sunshine State. They are urging people to evacuate the area and proceed with caution. Will it cause widespread destruction to Florida and in the region? The reports suggest that it seems rather likely […]
Archives for October 2016
Peter Schiff: Buy gold now as U.S. economic recovery is an ‘illusion’, ‘gigantic bubble’
The price of gold and silver are plummeting. Since the Federal Reserve announced that it would leave interest rates unchanged, gold has plunged to under $1,300 an ounce, while silver has plummeted to nearly $17 per ounce. You may think that gold’s momentum is over. In fact, it’s just getting started, says Peter Schiff, president […]
Central banks sheepish as savers keep saving
By: Victor Xing The rise in the personal saving rate following the Great Recession was an unexpected development in light of the Federal Reserve’s effort to foster stronger consumer spending via ultra-accommodative monetary policies. From the perspective of some policymakers, a higher saving rate exerts downward pressure on the “neutral interest rate” (i.e., a short-term […]
IMF: Global debt tops all-time high of $152 trillion
Excessive government spending, sluggish economic growth and accommodative monetary policy are all ingredients to a recipe of disaster: enormous amounts of global debt. According to a new report from the International Monetary Fund (IMF), global debt has reached an all-time high of $152 trillion, or 225 percent of the gross domestic product (GDP). “At 225pc […]
With a month to go, a look at the U.S. presidential election polls
It’s a little bit more than a month until the United States presidential election. With Hillary Clinton gaining some momentum following her debate victory, Donald Trump has shed some of the momentum he had. Meanwhile, Libertarian Party nominee Gary Johnson has stalled, and Green Party nominee Jill Stein isn’t heading anywhere. According to Real Clear […]