Low bond yields are leading central banks to buy higher risk assets such as equities to get higher returns. This will further inflate the stock market bubble that these central banks are responsible for with their record monetary stimulus programs such as Quantitative Easing. Continue reading at www.bloomberg.com.
ECN Newswire
Federal Reserve Chairman isn’t concerned about inflation risks
Fed Chairman Ben Bernanke has told global policy makers that he sees no risk of inflation becoming a problem in the United States. “The Fed’s preferred inflation measure is around 1.3 percent” This is problematic because the numbers used to measure the inflation rate do not accurately represent the true rate of inflation. Continue reading […]
Social Security Disability Insurance is discouraging people from working
There are currently 9 million former workers enrolled in the federal Social Security Disability Insurance (SSDI) program and 2.5 million of them are in their 20s, 30s and 40s. This is part of the reason why the unemployment rate has gone down – less people are participating in the labor force and are filing for […]
Freddie Mac Halts Eviction Lock-Outs Between December 17, 2012 and January 2, 2013
MCLEAN, Va., Dec. 3, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today announced it is suspending evictions nationwide between December 17, 2012 and January 2, 2013 on foreclosed occupied single family homes, and 2-4 unit properties, that had Freddie Mac mortgages. This is in addition to the previous announcement suspending evictions in eligible major disaster […]
CreditCards.com Provides ‘Fiscal Cliff’ Calculator
AUSTIN, Texas, Dec. 3, 2012 /PRNewswire/ — How far would you personally fall off the “fiscal cliff”? A new, free online calculator from CreditCards.com provides the answer, helping readers estimate the impact that the expiration of federal tax breaks — the so-called “fiscal cliff” — would have on their own budgets. “We wanted to give […]