Published: Mon, 27 Feb 2017 10:13:57 -0600
Fri, 24 Feb 2017 09:03:54 -0600Every boom has its moment of hubris and overconfidence. Most often someone announces a "tallest building in the world." Or in this case, a gigantic mall.
Tue, 21 Feb 2017 09:01:16 -0600America has a debt problem. That shouldn't come as a surprise. For as long as I can remember, we've had a debt problem. But despite the federal government's love of debt spending, its bad habits aren't what could bring the economy to a sharp and painful halt yet again...
Tue, 21 Feb 2017 07:12:03 -0600In the mist of this President's trial by error administration the Democratic Party continues to grasp at straws for an agenda that would rally a nation that most feel is moving in a very wrong direction. The only light of reason and hope in this problematic presidency has been the continued outspoken presence of Bernie Sanders. But, like during the primaries the establishment of the DNC continues to dismiss and really ignore the message that Senator Sanders keeps putting out.
Mon, 20 Feb 2017 09:55:02 -0600The euro has been called an unmitigated disaster... a currency without a country. But you're not getting the full story, and it's that story that means the euro is safe, for a while at least.
Mon, 20 Feb 2017 07:00:39 -0600Perhaps you've heard the call for a 'universal income' to prevent poverty and bring a little more to the proverbial goal of equality. Well, it turns out many countries are considering this and a few already have such a thing. Most of us in capitalist countries hesitate at the thought of such a concept, as it is a disincentive for those at the bottom to climb up and out of poverty. Still, you'd be surprised how much traction this idea is getting in even first world nations, even though the scheme has 'socialism' and big government written all over it.
Fri, 17 Feb 2017 08:40:04 -0600If the wealthy feel confident about the future, they spend. And a close look at the details of luxury spending shows the situation isn't as pretty a picture as the market is painting right now.
Wed, 15 Feb 2017 07:17:32 -0600The short story is that American banking and government institutions are partnering on a do-or-die- global ultimatum to shift all countries from cash to digital currency. The ultimatum is that if a country does not play ball by cooperating, they lose out in trade since digital will become the default platform.The momentum builds in the interest of international business community to eliminate cash, increase digital payments, and to expand the ability of payment service providers and mega corporations to track every penny you spend.
Tue, 07 Feb 2017 08:24:06 -0600The U.S. economy is being steered by black swan president and economists with isolationist views. It's an environment that breeds inflation and screams: "Buy gold!"
Thu, 02 Feb 2017 08:54:00 -0600The latest GDP growth figures from the Commerce Department have a number of traders adopting a wait-and-see approach. But are they poised to miss out on the next big rally?
Tue, 31 Jan 2017 08:17:00 -0600"Make America great again" was a compelling campaign theme. But it is easier said than done. The market's reaction to President Trump underscores the grave challenges ahead.
Fri, 27 Jan 2017 11:34:10 -0600A Fair Minimum Wage in America
Tue, 24 Jan 2017 08:53:20 -0600Minimum-wage workers got their increase. Now they're facing the sharp bite of inflation, which means increasing prices for coffee, ice cream and everything in between.
Sun, 15 Jan 2017 11:14:40 -0600The nomination by President-elect Donald Trump of the respected and dedicated physician, Dr. David Shulkin, for the position of V.A. Secretary is a definite game-changer for the U.S. Department of Veterans' Affairs. Since the unfortunate day that the V.A. was made a cabinet-level political organization, in 1989, status-seeking politicians have been selected by career politicians (presidents and Congress) to head the department as the politically focused V.A. Secretary. Ed Derwinsky was the first and, hopefully, Bob McDonald will be the last. The confirmation of Dr. Shulkin as V.A. Secretary by the 115th Republican Congress will be the first great step toward the complete de-politicization of the V.A. through its removal from cabinet-level status and a return to an accountable federal agency intent on the basic purpose of the V.A., which is to use appropriate tax dollars in the most efficient manner to serve the needs of the nation's military veterans. For this to occur over-time, many changes will be necessitated through the purview and ultimate control of the 45th President of the USA, Donald Trump. Read on for an explication of these issues...
Wed, 04 Jan 2017 11:34:49 -0600Currently, our trade deficits continue to rise, and the dollar is strong, so we should expect that trend to continue. We are watching the Euro dip below the dollar, it's a $.96 today (January 3, 2017). Many emerging markets are under stress with potential trade deals dying on the vine and the incoming Trump Administration threatening to renegotiate everything, including and specifically NAFTA. This will cause a flight to safety for global investors, and that money will come to the US, but as that happens, this money will be looking for a decent ROI and that capital will be put to work - some of it will be banked and thus, money created to be loaned out.
Sat, 31 Dec 2016 13:02:50 -0600Many have noted that the top one percenters keep getting richer while the bottom 20% haven't made any headway at all, or so very little it's hard to calculate to prove. Okay, maybe that is correct, but the poor have not backtracked on their standard of living or quality of life. Today, nearly everyone has a cell phone, computer of some type, TV, refrigerator, etc. And we don't have very many people starving to death in America with our food stamp program and easy access to anyone.
Sat, 31 Dec 2016 12:59:49 -0600We all know the problem of the revolving-door in our political leadership and bureaucracy. Folks are in and out of government, keep their contacts and make a fortune from the known reality: it's not what you know but whom you know. The problem with all this is exactly what Adam Smith warned us about; the incestuous relationship between government and business. Corporations in the US are large and powerful, and have and hire the best talent, retain and control endless resources - these corporations do not NEED government favors, nor does their executive leadership, they are doing fine.
Sat, 31 Dec 2016 12:57:05 -0600Apparently, economic warfare is the new norm. Many at the Council on Foreign Relations, RAND Corp and our State Department believe that economic sanctions work better than war in serving our political will, as well as the theory that they save lives. I'd like to challenge that notion. You see, economic sanctions can lead to 'regime change' and instability and eventual economic collapse, of course this puts the country in question in jeopardy and potential of a total societal meltdown, civil war, and can lead to starvation and ruining the lives of an entire generation.
Wed, 28 Dec 2016 08:46:21 -0600Strong is good. Strong earnings. Strong sales. These paint a picture of economic growth, which is good for the country. But when it comes to the U.S. dollar in a global market... strong is a problem.
Wed, 28 Dec 2016 07:24:51 -0600After the 2012 re-election of Barack Obama our think tank was discussing the challenges the Obama Administration's policies and continued direction would do to our small business community, jobs, and our economy. One of the think tank members stated she believed help was right around the corner.
Tue, 20 Dec 2016 13:42:54 -0600I believe the problem we face today is people are more concerned about social issues then financial ones. We've been brainwashed in thinking more about environment, sexual preference, and from my perspective over done on being healthy. If you don't have enough cash how can you eat right, or reduce stress wouldn't that be more of a health risk? Rather then citizens going protesting for better wages, job creation, and reducing the way over taxation we fight for social issues. I am a very compassionate person, but bringing in 30,000 immigrants who don't have a shot at getting a decent well-paying job either is not prudent. It turns into more of our tax dollars to support them, while there are thousands of citizens who can't afford a place to live or food in their mouths. It just seems we have our priorities really mixed-up in these uncertain times. Here is what I mean by this statement.
Tue, 20 Dec 2016 07:08:24 -0600Here we are ready to inaugurate a new president in 2017 and our stock markets are at all-time highs after a huge 'Trump Bounce' after the election. Many that study stock market history admit that we are in a need for a pull back as the DOW is almost ready to break 20,000 pts. What does all this mean?
Mon, 19 Dec 2016 09:53:05 -0600There is a very good reason why the Yellen shouldn't hike rates, assuming the Fed is paying attention. And if it isn't... well, brace yourselves now for a globalized financial disaster.
Mon, 19 Dec 2016 07:23:33 -0600The European Union seems to be trying to hold itself together, but it is indeed wobbling itself apart like an aircraft engine with an unbalanced propeller and the vibrations are getting worse reverberating from one side of the continent to the other, where no nation is spared from the challenges which await - so what can we expect in 2017 you ask? Well, "Brexit" has already had some effect on Germany and other nations are considering similar exits from the EU, which could quicken its demise. The recent Italian vote was problematic as is the condition...
Sat, 17 Dec 2016 09:07:54 -0600It goes without saying that a think tank needs a constant flow of new ideas and innovations to be of value to our society and civilization. So, of course, we ask our fellow members to be generous with their ideas. From time to time we also get outsiders from around the work sending in their best mental brain storms. Not long ago, we had someone explain their plan to ditch the money rat race in society, actually to ditch money all together and increase our productivity by some 30%, here is what he had to say.
Thu, 15 Dec 2016 09:21:23 -0600America is stuck on a merry-go-round that is failing to boost our weak economy. It's time for investors to return to hard assets for security and growth.
Mon, 12 Dec 2016 06:55:41 -0600Most people probably inherently realize that artificially raising the minimum wage is wrong - it's morally irresponsible - not the other way around. Paying someone for something - more than they are worth - or rather more than that job is worth only adds cost to the product or service. It also causes many companies to be unable to make a profit and thus, go out of business or are unable to expand to provide more jobs. If we allow minimum wage to float - that is the fairer for all concerned. Besides when more people are employed - the employers have to pay people more as the supply of labor decreases since everyone already has a job. Why? Simple, businesses make money, re-invest that money to expand, thus, more labor is needed.
Sun, 11 Dec 2016 17:06:20 -0600There is a lot of criticism on the left-side of the political spectrum over President Donald Trump's ascertain that NAFTA needs to be re-negotiated with Mexico, and don't think that Canada isn't also a little concerned about this, even if Canada isn't the target of the re-negotiation, they are part of NAFTA too you know. It seems Mexico is pretty concerned that NAFTA is in danger, and foreign direct investment into Mexico looks as if it has dropped off a cliff since Trump was elected.
Sun, 11 Dec 2016 17:00:57 -0600Call me crazy but I love to listen to socialist economists attempt to justify socialism as a legitimate economic strategy. Why you ask? Well, I think because I am a free-market guy through and through, always have been, ever since I started my first real business at age 12 washing aircraft at the local airport. To make sure I am up on all the latest shenanigans of the economists of socialism and their apologetic diatribes, I subscribe to several Pod Casts to the top academic socialist economists around the globe.
Mon, 05 Dec 2016 10:44:53 -0600While going to school to get a decent education is the best and the ideal way to make a solid living, people all over the world are using this new and innovative way to earn phenomenal income. The method that is catching everyone by storm is the method of earning income from home. Just the thought of not having to work for someone else is one of the main reasons why people are starting to earn income from home.
Fri, 02 Dec 2016 09:06:15 -0600Labor strikes were relatively common 30 or so years ago. They've become increasingly uncommon since. But we may be on the verge of a reversal in that trend.
Fri, 02 Dec 2016 07:39:53 -0600With the post election reality finally hitting home the beguiled public have started to realize what a charlatan Donald Trump really is. Aside from awakening to a new reality that seems like we just entered the Twilight Zone the simple fact is the United States is poised to enter the most sinister financial crisis we have ever faced. An economic catastrophe that is on a collision course aimed directly at these United States and Europe.
Thu, 01 Dec 2016 10:41:39 -0600Back in the early 2000s, I had read an article about a man who would not take a step outside his home for an entire year. This was part of an experiment on whether it would be possible to do every transaction for goods and services through the internet. I don't know about the results of that experiment, but I remember being awed by the potential of the internet then.
Thu, 01 Dec 2016 08:45:10 -0600When you are scared for new things you tend to skip learning (about) new things. You get stuck in the old, you stop to grow. Does this help the situation?
Mon, 28 Nov 2016 13:55:14 -0600Remember in the 1980s when interest rates were at an ungodly 20%? Thirty-seven years from today, we may look back on 2016 in the same way... as the year interest rates truly bottomed.
Tue, 22 Nov 2016 09:20:52 -0600Black gold's roller-coaster ride has been frustrating for many investors. But cost-saving decisions made over the past couple years are going to send oil roaring back in a big way.
Mon, 21 Nov 2016 10:58:35 -0600U.S. corporations have roughly $2 trillion sitting in foreign banks. But the Trump repatriation plan to bring it home could sink the U.S. dollar...
Tue, 15 Nov 2016 13:51:06 -0600The black community has been in a downward spiral since the welfare boom of the 60's and 70's. Our dollars do not circulate among each other and there is no trust. Does this tragedy fall on the shoulders of the men or women of the community?
Tue, 15 Nov 2016 09:12:18 -0600Manufacturing doesn't command the same presence it once did, but it supports a healthy middle class and the overall economy. But a new body in the Oval Office isn't going to stop the collapse.
Mon, 07 Nov 2016 11:23:44 -0600Yellen & Co. just finished another meeting. It's no shock that interest rates remain unchanged, but December could prove to be dangerous for the market.
Fri, 04 Nov 2016 08:33:35 -0500There's a new pattern emerging that's going to change the economic ballgame. It's called inflation, and while it's been absent in recent years, it's gaining a troubling foothold in China.
Thu, 20 Oct 2016 10:26:20 -0500The real threat to the world's economy is the pile of global private debt that's unconnected to tangible goods and services. And sooner or later, everyone is going to recognize that this debt has no value because there's nothing it can buy in the real world.
Mon, 17 Oct 2016 07:00:04 -0500The other day I was at a library bookstore and found a copy of the Communist Manifesto, it was a pocket-sized little red book and 94-pages. I thought to myself how far our nation has come towards those scary ideals over the past few decades. Communism is about the most intense scheme against the individual - liberties and freedoms - that anyone could possibly dream up. To those living under it, somehow it makes sense to them, of course their lens of perception is often skewed by a lifetime and generations of indoctrination. Anyway, I took my little red-book to Starbucks and read through it, much of it I had remembered from school years the prior.
Wed, 12 Oct 2016 13:22:14 -0500Discussing the similarities and differences between gentrification and manifest destiny. As well as the hidden long-term effects of gentrification.
Mon, 10 Oct 2016 08:37:34 -0500A fortune is lost annually to the American economy owing to the tax-exempt status of the business of religion in America. This essay describes the nature of the problem and suggests how things might be otherwise. The reader will see that the problems with the current privileged status of religion go well beyond economic damages.
Thu, 06 Oct 2016 14:12:28 -0500The World Trade Organization (WTO) just lowered its trade growth forecast for this year and next. With central banks out of stimulus options, the time to prepare for a crash is now.
Fri, 23 Sep 2016 09:25:45 -0500Wall Street is throwing a rate-hike temper tantrum, and the Fed is ready to cave. But the Street isn't the only brat in this currency playpen.
Thu, 22 Sep 2016 14:51:50 -0500The battle for President of the United States between Hillary Clinton and Donald Trump rages on towards the finish line, nasty as ever. Despite blinding differences, they each seem to rely on an historically-authoritarian style of delivery (based on dualistic thinking) to underscore their obvious superiority over the other: Insider/outsider, right/wrong, good/bad, black/white, smart/stupid, experience/no experience, etc. Yet does Nero fiddle while Rome burns?
Mon, 19 Sep 2016 10:59:17 -0500In a sense, investing is a lot like a game of chess - thinking ahead about where a future stock price will be based on certain circumstances. That's what makes stock price movements somewhat predictable, and ultimately profitable.
Fri, 16 Sep 2016 09:05:00 -0500Thus, I can tell you without equivocation that the facts I have tell me a frightful story about the future direction of U.S. stocks. We're now at record levels on both the Dow Jones Industrial Average and the Standard & Poor's 500 - records built atop unwarranted giddiness and held together by extreme optimism.
Thu, 15 Sep 2016 08:42:47 -0500These days, we have a monetary nemesis called negative rates. It's already a reality in Japan and the European Union. But large banks, incredulous at being forced to store their digital cash at the European Central Bank (ECB) - and paying for the privilege - have a strategy to deal with this ongoing financial horror show.
Tue, 13 Sep 2016 10:13:48 -0500Socialism has always been a debatable topic in terms of its success as a system. In the previous article we have listed Jakarta Governors' accomplishment in carrying out his social programs. In this article we are going to examine the sources of funding and how are they obtained and managed.
Mon, 12 Sep 2016 07:55:32 -0500When we think of a global economic system we would like to envision a world free of the retching poverty, disease, the corruption of political systems, the economic instability of some countries, the selfish dominance of leaders [ in that they refuse to ease the undo suffering of their people ] and a world that really can't find lasting peace between nations. You just have to look to nations like what happened in Libya and other countries in Africa as well as Syria and North Korea today to understand that there are leaders who continue to deny their populations basic...
Fri, 09 Sep 2016 08:36:03 -0500U.S. exports are down nearly $64 billion so far this year, and yet the Fed is flirting with raising interest rates. Can you imagine the economic storm if the dollar gets any stronger?
Wed, 07 Sep 2016 10:09:22 -0500As another earnings season comes to an end, one thing immediately jumps out: Stock prices are out of whack from their core value - earnings. And the implications are dire.
Thu, 01 Sep 2016 09:38:03 -0500Despite the Fed's blather, America's chemistry is off. An ingredient necessary for a vibrant economy is missing. One look at the data will show you exactly what's missing and why.
Thu, 01 Sep 2016 09:19:14 -0500The European economy is supposed to be wracked by doubt and anxiety over Brexit, negative interest rates and terror attacks. So why are markets rising? Government spending, and lots of it.
Wed, 31 Aug 2016 13:40:14 -0500As one travels through the cities and towns across the United States you see the faceless multitudes drifting from place to place. For you and me it is just another day in paradise. But, for those countless millions all across the country their plight continues unmercifully with no respite in sight.
Wed, 31 Aug 2016 06:50:11 -0500When nations around the world trade goods and services they foster a friendly relationship, which means that war is less likely, that is a good thing right? Well yes, of course, Free Trade is a good thing, as it allows for the most efficient producers to produce just like free markets reward the best producers and create efficiencies. Everyone can win. We create and produce what we do best, they do the same, and we trade and we all get a better deal and everyone is happy. That is if these trade relationships are not overly manipulated by bureaucracies, international cartels, international monopolists, or state run enterprises dumping their subsidized products on the world in order to eliminate their competition for decades to come. Let's talk.
Wed, 31 Aug 2016 06:49:26 -0500Some would say that printing money is fairer than manipulated income tax system because when printing money it is devalued and no one escapes the pain? Okay, but why do either? I see income tax as problematic in that it causes huge amounts of time spent on preparing tax forms to prove your expenses and income, which in a way is yet another tax of time, paper, and stress, not to mention cost to hire a CPA or tax preparer due to the complicated tax codes in the US. But that is not a good reason to choose another method for collecting government revenues, nor is it a justification that we need to print more money for government in trade for getting rid of income tax.
Wed, 24 Aug 2016 14:04:35 -0500Selling scrap metal to a recycling center that specializes in metal is a highly-recommended method for earning a decent profit. Learn what you need to know about scrap metal prices right here!
Tue, 23 Aug 2016 15:24:40 -0500The reality is the democrats are getting paid by the corporations and wealthy to raise taxes on them that will destroy small businesses and divert "All" the wealth in the U.S. to the corporations and wealthy. As the economy sinks due to greedy businesses using foreign labor and a government that feeds its pockets off of the greedy corporations the economy dives to a level that the wealthy businessmen and women are satisfied with. These wealthy business men and women do their best to keep the general public that's not business at a wealth level where they cannot create competition against them and then to boot the general public will have to buy their corporate products exclusively because there's nothing else. This scenario has been found out to be corporations and wealthy business personalities purchasing democrat politicians and paying these democrat politicians to raise taxes that in fact destroy their "Small Business" competition.
Fri, 19 Aug 2016 06:36:46 -0500The problem with the progressive agenda is that it is largely a socialist based mindset, and socialism doesn't work, so it isn't progressive at all - rather, it is regressive. Free-Markets like Freedom itself are worthy of defending, for without the free contract, you have forced contract, that is to say you are forced to spend your money on choices premade for you by some other authority, like a government for instance. Recently, I had a heated discussion about this reality with a fellow think tanker, then another think tank member spoke up and said;
Thu, 18 Aug 2016 06:26:56 -0500Before Hillary Clinton revealed her regurgitated plan to help grow the economy again -- at something better than 1.2% which is all the Obama Administration could muster after all that wasted TARP stimulus, alternative energy push, and equality mandates -- she told her voters that she would be putting Bill Clinton in charge of the economy. Unfortunately, this is the same man who feel asleep during her acceptance speech - and who knows who he'll be sleeping with while running the economy if she's elected.
Wed, 10 Aug 2016 15:18:48 -0500Every bit of economic data is dished up for consumption. A one-off snapshot that says nothing about the true state of the U.S. economy... that a consumer-driven downturn on the way.
Wed, 10 Aug 2016 15:09:47 -0500In the not too distant future, America is going to wake up, probably on a Monday morning, and find at least half of their wealth wiped away. A Day of Reckoning is coming and the people will be facing a financial tsunami that they never saw coming. Am I just illustrating a pessimistic attitude and you think dear reader that this could never happen in the good ole U.S.A.? WRONG!
Tue, 09 Aug 2016 15:27:07 -0500The U.S. economy limped along in the second quarter solely on consumer strength. Will that strength return for the third quarter and avoid a recession? Don't hold your breath.
Mon, 08 Aug 2016 08:14:47 -0500With so much attention focused on the Olympics and the Presidential election lies in wait the most severe financial crisis of our times. A financial crisis so severe 99% of all Americans will be financially devastated. They will in fact be far worse off than those who experienced the Great Depression of the 1930's.
Mon, 08 Aug 2016 07:16:03 -0500No matter that Global Warming is only a theory, the IPCC wants to hijack international trade, shipping, energy, transportation and anything else these elite global socialists can get their hands on. A few of the IPCC's most outrageous leaders actually blame capitalism for being too efficient and creating too much abundance and thus using too much energy and using up too many resources as the prime culprit - their answer - kill capitalism to save the planet.
Mon, 08 Aug 2016 06:37:50 -0500Our Federal and State Governments keep growing and seem to be involved in all aspect of human life on Earth, often to the point of absurdity. Most people actually believe that expansion of the government makes a more safe and stable economy, environment, and society - but that is a fallacy. Our government seems to want to rule the world, save the planet, and control everything, heck, you'd think we were living in Communist China these days.
Thu, 04 Aug 2016 06:51:24 -0500Proponents of a minimum wage increase say it will not affect jobs, corporations or small businesses adversely. Well, I suppose that a slight increase in minimum wage wouldn't and it might keep the masses happy, but it won't be a net positive, every little increase will affect businesses, profits, capital investment and jobs. Let's talk a little bit about economics 101 and then let me light a fire under your rear with a robotic future reality if minimum wage increases are too drastic.
Wed, 03 Aug 2016 10:46:22 -0500Three-quarters of China's population still resides in the countryside. Low-income rural residents in China relied heavily on their access to the formal credit market to maintain their basic livelihoods, while those in peri-urban areas depend on credit access to improve their living standards. Since the early 1980s, the central government in China has been working to reform 35,000 Rural Credit Cooperatives (RCCs) nationwide-the mainstay of formal credit throughout rural China-to ensure that they are better able to serve the credit needs and demands of local communities.
Wed, 03 Aug 2016 07:32:31 -0500Many look at China's Rise (economically) and suggest that their state-run capitalism is a superior model. I completely disagree, such methodologies and strategies will never be as efficient long-term as free-enterprise and free markets - short term however, it may look good on paper or economic statistics granted. We need not copy China to compete with them, they did not find a better model than our so-called free-market model. The reality is that we've been messing with our own free market fundamentals for a long time, and they are not currently running at optimal.
Tue, 02 Aug 2016 06:42:57 -0500You'd think that with all the hollowed-out political promises made at the 2016 DNC that the Democrats would be trying to curtail spending on other things and trying to find some way to at least deliver a tenth of what they've promised - not so. The funny thing is that whenever government promises something it takes 5-times as long to come to fruition than anticipated and it costs 4-5 times as much as stated, so whatever you read in Hillary Clinton's so-called "Plans" of what she will do once elected - and let's pray she isn't - it would probably be similar to what the Junior Senator Obama promised on his campaign trail and the harsh reality in the aftermath of things like, well like ObamaCare for instance.
Tue, 19 Jul 2016 13:02:54 -0500With all the concern (and hype) about the UK leaving the EU - over the next few weeks I am going to delve into some economic realities around the globe. I am going to write about China, Japan, Germany, Brazil, and the USA. There are major economic concerns that will inarguably have ripple effects here in the US. I once heard - There is not bad news.
Mon, 18 Jul 2016 07:47:33 -0500It is fact that the poor create wealth for the rich. They are the workers exploited so that their labour acts like a machine allowing production and profit for owners of businesses of all types. The most profitable organisations that profit from the poor are religious institutions who not only promote poverty as righteous but invoke it through the misguided indoctrination and brain-washing of the young.
Mon, 11 Jul 2016 12:17:47 -0500After the fallout of the Sub Prime Mortgage crisis back in 2008, The US Federal Government together with the Federal Reserve were faced with an unprecedented financial challenge that threatened to annihilate the very base of the so-called fundamentally strong US economy. Jolted by the fall of Lehman Brothers, the country was staring at an imminent recession that would have ripple effects across its borders and would lead to a domino effect in the months to come.
Thu, 07 Jul 2016 09:34:08 -0500Bitcoin is a payment system invented by Satoshi Nakamoto who released it in 2009 as an open-source software. Claims to the identity of Nakamoto have never been verified, but the Bitcoin has progressed from obscurity to the largest of its kind, a digital asset now being called the 'cryptocurrency'. The most significant characteristic of Bitcoin is that unlike conventional and traditional printed currency, it is an electronic payment system that is based on mathematical proof.
Tue, 05 Jul 2016 11:23:23 -0500Call it a black Friday or what you will, the events that unfolded on the 24th of June 2016 would remain an enigma in the minds of the millions who voted and those across the Globe who watched in awe as history was rewritten 43 years after Britain was officially signed in as a part of the Eurozone. Almost immediately after the landmark outcome of the referendum came to light, markets around the globe reacted wildly even as the Pound Sterling suffered its biggest single day fall ever.
Mon, 27 Jun 2016 09:12:26 -0500By voting to flee the European Union, the Brits shocked the world... but only because the world wasn't paying attention. Now comes the day after Brexit, and it promises to be worse than the event itself.
Fri, 24 Jun 2016 15:49:29 -0500Ever since the end of World War II, the political powers and the financial elites have purposely steered the world to accept Globalization as the rule of thumb for all economic markets. It worked for a period of about 25 years following the war. The Marshal Plan, General Mac Arthur's rebuilding of Japan and the great renaissance of manufacturing in the United States fueled the growing economies of countries all over the world.
Thu, 16 Jun 2016 09:35:13 -0500May's jobs data shows that the U.S. consumer is struggling. But there's much more to this picture, as consumer debt will pass $1 trillion for the first time since the recession... something has to give.
Thu, 16 Jun 2016 06:53:15 -0500The global economy is on the edge for another recession. However, important people make it answerable to the psychological problem of the people.
Fri, 10 Jun 2016 11:28:36 -0500This article basically educates you about how the value of currency is determined and what all are the factors that basically plays a vital role in this. This whole process is explained by taking an example of INR and USD comparison.
Thu, 09 Jun 2016 15:07:41 -0500Shangri-La, you know that place far off in the distance where luxury and ambiance abound. Where the cares of the world are all in a world far, far away. Where one feels that tranquil harmony with nature.
Thu, 09 Jun 2016 09:07:21 -0500China is using the 1982 United Nations Convention on the Law of the Sea to build upon the Spratly islands increasing their influence and control in the South China Sea. Control that China wishes to extend to the shipping lanes traveling through the South China Sea. These shipping lanes carry over 50% of all commercial goods in the world.
Wed, 08 Jun 2016 15:07:39 -0500Don't believe anything saying a rate hike is on the table in July. It's not. The U.S. won't see meaningfully higher rates for many years. The soon you accept this, the sooner you can avoid financial ruin.
Wed, 08 Jun 2016 13:53:15 -0500The National Urban League 40 years ago released the first edition of its State of Black America report. The report interjected serious consideration of the social economic and social political issues facing African Americans into the national discourse.
Mon, 06 Jun 2016 06:48:40 -0500This is a debate for the 21st Century as never before have we seen billionaires running for office. Now they are capturing entire nations by rhetoric that is frankly frightening to the less endowed candidates. Trump is a case in point and his talk of fences to keep out illegal migrants and a shift in the foreign policy of the USA away from helping to keep the peace to one of outright war is turning heads in many parts of the world.
Fri, 03 Jun 2016 09:03:07 -0500The financial sector wasn't always looking for its next revenue fix. Savings and loan was the name of the game during the Industrial Revolution... back before banks became economic parasites.
Thu, 02 Jun 2016 08:14:06 -0500There's a reason why copper is sometimes called "Dr. Copper." The price of copper indicates the health of the economy - and according to the most recent prices, our economy's about to flatline...
Tue, 31 May 2016 06:41:22 -0500An atmosphere of harmony can be cultivated through simple acts of supporting your local sellers instead of purchasing from large corporations or on-line. Learn about the "Ohana" culture and how it can be applied to all aspects of our lives, including business.
Wed, 25 May 2016 07:38:31 -0500For most of human history, we've lived in largely cashless societies. It's nothing new. But there are concerns about a modern cashless society, and the real threat should terrify you.
Tue, 24 May 2016 06:04:24 -0500Well, here we are in the middle of yet another Presidential Election Year. And we have a couple of outsiders who are making some heavy contributions to political history here in the USA. Yes, I speak of Industrial Capitalist Donald Trump, a total outsider, and Bernie Sanders a 100% admitted socialist and damn proud of it according to his political rhetoric and campaign stump speeches which are drawing crowds in the thousands wherever he speaks. So, let's talk about socialism shall we?
Mon, 23 May 2016 08:02:13 -0500Could anyone actually miss that the United States is in a presidential election cycle? I don't think so. As November draws closer, the election of a new president consumes more of the news and more our conscious awareness. People protest, and are concerned about how the next president, his/her ideas and power, will affect the course of history. Yet, all the while, the true monopolistic power thrives behind the throne, unnoticed and un-protested.
Tue, 17 May 2016 15:47:58 -0500Governments have dealt in larger populations for increasing their tax income while companies have relished them as a larger consumer base, but now it may be coming home to haunt them. While the economy is front and center of politicians and business it is the string pulled by the Spirit of the Universe to bring about the end of the world as we know it. These are big words but substantiated in the Old Testament prophecies and in my memory of reincarnation.
Tue, 17 May 2016 15:05:34 -0500Australian dairy farmers are rapidly going out of business because of reduced milk prices in supermarkets. Two major companies started a price war on milk some five years ago by offering milk for $1Au a litre, that is less than a bottle of water. The farmers are getting so little in return that it does not cover their expenses.
Mon, 16 May 2016 15:09:06 -0500People are driven by fear and pain and fear of pain is the biggest driver. The way he economy runs is by creating a need based on fear of losing out or of missing out. Salespeople know it all to well and advertisements in the media aim at the part of us that triggers the emotions.
Mon, 16 May 2016 06:09:58 -0500This is something that came over the radio today. Because the systems are breaking down as the truth flows over the world the economy is doomed. People are angry and they loathe to vote for the incumbent governments representatives who have failed to put them first ahead of the multi-national companies that are ripping everyone off.
Wed, 11 May 2016 14:54:19 -0500The things we don't know can and very likely will rise up to bite us in times of adversity. In our unstable economy, it's even more incumbent for women and others vulnerable financially to be aware of how the Social Security system, in particular disability benefits, works.
Fri, 06 May 2016 07:41:07 -0500Econometrics does deal with the relationships among several variables. It is a branch of social sciences in which the tools of economic theory, mathematics, ans statistics are applied to analyse economic phenomenon.