The Federal Open Market Committee (FOMC) will hold its next meeting on March 14 and 15. This is when the Federal Reserve will decide if it will pull the trigger on its third increase to interest rates in a decade or if it will postpone it until June, which some had speculated as early as […]
Archives for March 2017
Art market bubble bursting – is the vintage car market next?
Well, there is one market bubble that is already beginning to burst in front of our eyes: the art market. Bloomberg News reported that Russian billionaire Dmitry Rybolovlev spent $85 million in 2008 to purchase “Te Faire (La Maison)”, a painting by legendary artist Paul Gauguin. This week, he put that same artwork on the […]
Why Donald Trump will create a fiscal crisis by 2020
The Trump administration announced Monday its support for an additional 54 billion dollars in spending for military and national security programs in fiscal year 2018 and a 30 billion dollar bump for such spending in fiscal year 2017. Meanwhile, 54 billion dollars in spending decreases in other areas in fiscal year 2018 are being put […]
David Stockman: Donald Trump is in ‘fiscal la la land,” a debt ceiling crisis is coming
Hollywood wasn’t the only one entrenched in “La La Land.” United States President Donald Trump is also immersed in “La La Land,” a fiscal one that is, says David Stockman. Fresh off warning about a “fiscal bloodbath” pertaining to the upcoming debt ceiling debate later this month, the former Reagan budget director is warning that […]
10 good reasons to do business in Singapore
When you think of economic powerhouses around the globe, you generally picture the United States, China, Japan, the United Kingdom and Germany. But there is one particularly nation that does not get the praise that it has earned in recent years: Singapore. The Singapore economy is considered the most open in the world today. That’s […]