The true reason for Australia’s growing income disparity — why the top 20% of households get half the income…and the bottom 20% get just 4%.
Debt is a drag on growth. Money that could once have been spent in the economy is being diverted to principal and interest payments.
Let’s apply the Ronald Reagan administration as a frame of reference to examine and compare president-elect Trump. Doing so we can see what expectations might be for the economy going forward.
Make no mistake, the war on cash is an effort for government to take total control of your money. And it will enable them to track your spending around the world.
The Dow and S&P 500 both finished up more than 1% overnight. Gold gave back all its gains and finished the session at around US$1,270 an ounce.
Stocks around the world slumped. But when the US market opened, stocks soared…and gold fell. What the heck’s going on?
As many speakers have reiterated, the biggest asset you have is right between your ears. So we plan to use it.
For a world already awash with debt, it was wonderful [sarcasm alert] to see Tuesday’s results from Visa Inc. [NYSE:V].
The biggest one-day panic in Wall Street history occurred in 1987. The Asian Crisis hit in 1997. The Global Financial Crisis got rolling in 2007, when mortgage lenders Northern Rock and New Century Financial collapsed. If you’re superstitious, that makes…
Persistent low rates have not caused inflation, but they have caused asset bubbles, which threaten to pop and unleash a financial panic on their own — independent of tight financial conditions.