By: Brendan Brown Fed vice-chair Stanley Fischer’s surprise announcement of early retirement triggers the obvious question as to whether this could be the fore-runner to a serious market and economic deterioration ahead. Monetary bureaucrats, even if signally bad at counter-cyclical fine tuning, sometimes have a reputation for intuition about how to time their own career moves […]
Archives for September 2017
Study: Q2 2017 debt accumulation beats Q2 2007 numbers
Are Americans flirting with financial disaster? That’s what new data from WalletHub suggest. According to the personal finance website, United States consumers added approximately $33 billion in credit card debt during the second-quarter of this year. This is more than the debt accumulated during the same time in the April-to-June period in 2007. In addition, […]
Paging Robert Wenzel – Lauren Southern on ‘The Problem With Libertarians’
Lauren Southern, a political YouTuber and former Rebel personality, is out with a new video entitled “The Problem With Libertarians.” In the video, she makes some good points, especially when she critiques libertarians who have metastasized into Bernie Bros and social justice warriors. But then she makes some other errors, such as claiming the Cato […]
Week in Review: September 4 to September 10
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: James Rickards: Gold could spike to $10,000 on ‘war’ Does Government Spending Create More Economic Growth? Study: Basic income of $12,000 a year would grow U.S. economy by […]
End the Fed? Trump’s Historic Opportunity with the Federal Reserve
By: Tho Bishop And then there were three. Today Stanley Fischer submitted his letter of resignation from the Federal Reserve’s Board of Governors, effective next month, the second such resignation of Donald Trump’s presidency. While Fischer’s term as Vice Chairman of the Fed was set to end next year, he had the ability to serve as […]