It’s 2005 all over again (that’s the second time today). With the Federal Reserve-manipulated boom fully entrenched in the United States economy, consumers are borrowing again and racking up obscene amounts of credit card debt. With easy access to credit and the need to keep up with the Joneses (or because they live paycheck to […]
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Housing Bubble 2.0: Banks, lenders starting to require fewer mortgage documents
Is it 2005 all over again? During the 1990s and early-2000s, financial institutions required very little or, even in some cases, no documentation at all for housing mortgages. These were known as stated income loans and were advertised by banks as “low-doc” loans. However, as time went on, they became known as “liar loans.” The […]
Video: Thomas Sowell refers to both Donald Trump, Barack Obama as “glib egomaniac’
Legendary economist Thomas Sowell was interviewed by the Hoover Institute recently and was asked about the politics of today. With his eloquence and cynicism of United States politics, Sowell stated that he was baffled at how the American people wanted to replace one “glib egomaniac” (Barack Obama) with another “glib egomaniac” (Donald Trump). Sowell also […]
WalletHub study looks at best, worst state economies in 2016
What are the best and worst state economies in the United States today? WalletHub attempts to answer that question with a new study that looks at economic activity, economic health and innovation potential. In its analysis of 50 states and the District of Columbia, WalletHub listed the best and worst state economies (no surprise, D.C. […]
Silver coin sales exceed four million ounces for fifth straight month
Precious metals are in demand. Despite gold and silver taking a beating in May because of a potential rate hike from the Federal Reserve this summer, investors are still high on bullion. Interestingly enough, silver sales are just as big as gold sales. According to new numbers from SchiffGold, the United States Mint sold 4,498,500 […]