The Federal Reserve will raise interest rates for just the second time in the last decade. At the end of its final two-day policy meeting, the Federal Open Market Committee (FOMC) voted to raise its target range from a range of 0.25 percent to 0.5 percent to a range of 0.5 percent to 0.75 percent. […]
Archives for December 2016
Obama likes executive action but not when others do it (video)
It seems with every administration, the executive branch garners more power. The United States saw this with Bill Clinton, George W. Bush and then Barack Obama. Of course, the hypocrisy will be right there. The Republicans will oppose greater presidential powers when they’re not in office, but then use it to their advantage when they […]
WalletHub: $1 trillion credit card debt and 9 other predictions for 2017
The year is coming to an end. Some say 2016 was a great year, while others will say they’re glad it is finally coming to a conclusion. Although it wasn’t perfect, there were some great surprises: Hillary Clinton lost, the mainstream media lost, the European Union (EU) elite lost and social justice warriors are shedding […]
The Fed Boom: How Inflation and Unemployment Are Related
By: Frank Shostak A fall in the US unemployment rate to 4.6% in November from 4.9% in the month before, and 5% in November last year, has prompted some commentators to suggest that we are almost at the so-called natural rate, which is believed to be at around 4.5%. It is held that once the […]
Paul Krugman is now AGAINST deficit-financed spending because of Donald Trump
Well, that didn’t seem to take long. After years and years of urging United States President Barack Obama to impose a massive stimulus package on everything and everything, even if it is financed by deficits and debt, he is now changing his tune in just two months. Who are we talking about? Paul Krugman! Ostensibly, […]