It is official: U.S. credit card debt has surpassed $1 trillion, setting an all-time record. According to the latest WalletHub study, using Federal Reserve data, American consumers tacked on $92.2 billion in credit card last year, helping increase the outstanding balances top $1 trillion. The personal finance website also found that the average U.S. household […]
Archives for March 2018
Trade deficit, U.S. jobs report, Q4 productivity levels – Wednesday’s 3 market events
On Wednesday, the markets were rocked by the resignation of National Economic Council director Gary Cohn. The Wall Street-friendly White House official stepped down over his disagreement with President Donald Trump’s proposal to institute a 25 percent tariff on steel and a 10 percent tariff on aluminum. The market now fears that the Trump administration […]
STUDY: One-fifth of U.S. millennials have nothing saved for retirement
Is a retirement a thing of the past? For many Americans – young and old – it is a dream that their generational predecessors got to enjoy. But is the retirement crisis created by our instant gratification or is it the fault of external factors? Whatever the case may be, a significant number of people […]
TRADE WAR: EU threatens to retaliate with tariffs on U.S. bourbon, peanut butter
Trade war! In the wake of President Donald Trump’s threat to implement a 25% tariff on steel imports and a 10% levy on aluminum, countries and trade blocs are already issuing their own series of warnings. On Wednesday, the European Union (EU) said that it would impose duties on peanut butter, orange juice, cranberries, and […]
WATCH: Antifa fascist thugs shut down free speech (again)
The media’s favorite organization, Antifa, is one of the biggest fascist groups in the world today. If they don’t like what you’re saying, they will shut you down. And this is what happened to Yaron Brook and Sargon of Akkad on Monday. Hosted by King’s College Libertarian, the event was meant to be a “discussion about […]