In order to afford a median-priced home in some of the major cities in the United States, the average American will need to earn more than $51,000 per year. Mortgage information website HSH.com released a new study that listed what you would need to earn to afford the principal, interest, taxes and insurance payments on […]
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20 quotes from economist Thomas Sowell
Thomas Sowell is a legendary economist that is as much celebrated as Milton Friedman. He has written numerous books, essays and articles over the years. Some of them include “Basic Economics,” “The Thomas Sowell Reader,” “Intellectuals and Society” and the list goes on. He still writes to this date for an array of outlets, including […]
Video: Donald Trump can get away with anything – insults Chris Christie as ‘absentee governor’
One would think that the average presidential candidate wouldn’t insult big time politicians that endorse you for president. Well, Donald Trump isn’t exactly the average, conventional presidential candidate. He pretty much gets away with anything as his polling numbers suggest. The latest incident came when he arrived in Ohio, where he called Governor John Kasich […]
Report: Subprime auto bond delinquencies reach highest level in 20 years
A new report suggests that subprime auto bond delinquencies have reached the highest in 20 years. According to Fitch Ratings, delinquencies on subprime auto debt merged into securities hit a level unseen since October 1996. The data suggest that the trend of late payments continued in the month of February. The report shows that auto […]
Marc Faber supports Donald Trump, warns of central banks creating socialism and owning corporations
Republican frontrunner and billionaire real estate mogul has found a new supporter in Marc Faber, the contrarian investor and publisher of the Gloom, Boom & Doom Report. Faber, speaking in an interview with CNBC, announced his support for Trump on Monday. Although he isn’t eligible to vote in the U.S., Faber noted that Trump is […]