Look back at 2011: the dollar hit a record crash, Sterling hit highs as the debt deadlock continued
It was this month in 2011 when Bloomberg began their report “The dollar fell against all of its most-traded counterparts as politicians struggled to agree on raising the U.S. debt ceiling and reducing its More...
Auto loan defaults reach record high as economists question stability of the economy
A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported this month, even more than during the wake of the financial crisis era. Today, More...
FreedomWorks Adam Brandon rebukes Janet Yellen on raising taxes to fix budget deficit
In response to former Chairman of the Board of Governors of the Federal Reserve System, Janet Yellen’s recent comment, in which she said, “If I had a magic wand, I would raise taxes and cut retirement spending,” Adam More...
Gold Prices Rise to 10 Week High, U.S. Military to Use New Gold-Silver Alloy
Gold prices are extending their rally as the dollar continues to weaken. Investors fear that the stock market’s climb will limit gold’s gains this week as gold reaches levels last seen in July. December gold More...
Credit card boom: Better days ahead for banks
There are many individuals in US that depend entirely on credit cards for their daily expenses. It is a good option as long as you are able to make the minimum payment on the plastic cards every month and make sure More...
Why Paper Checks Are Still Going Strong?
Checks are often the preferred method of payment for big purchases. However, in an era of mobile wallets and internet banking, writing paper checks seems like too much work. According to a report by Bank for International More...
North Korea Conflict Sends Gold Rising
Gold prices are benefitting from increased tensions between the United States and North Korea. The precious metal started the week on the rise as tensions between the two countries continue to mount. US President More...
Record stock market: Dow hits 20,000
The Dow hits 20,000, making history today by blowing past that key level for the first time ever. The historic milestone leaves the Dow up more than 1,700 points since President Donald Trump’s victory in More...
The Trump administration’s letter on their ‘hiring freeze’ to cut positions through attrition
President Trump has been busy with executive orders and now a released memo confirms a federal hiring freeze, check out the details below. MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES SUBJECT: More...
‘Audit the Fed’ reintroduced: Send Trump the bill this Congress
On Tuesday, U.S. Senator Rand Paul reintroduced his Federal Reserve Transparency Act, widely known as the “Audit the Fed” bill, to prevent the Federal Reserve from concealing vital information on its operations More...
U.S. Dollar Under Pressure Ahead of Fed Meeting
With the U.S. Federal Reserve policy meeting in focus, September has been a difficult month for the dollar. Mixed signals from Fed policymakers and mixed economic data created volatility, but gains were seen on More...
Fed Unlikely to Raise Rates in September
Surprise, surprise, the Federal Reserve is unlikely to raise the Fed funds rate during its September 2016 meeting. Now, this is contrary to Federal Reserve Chairwoman Janet Yellen’s comments during the annual More...
Economic Concerns for the Week of August 15 Mount
Economic concerns continue to mount going into the week of August 15. Investors and economists will shift their focus to Wednesday when the Federal Reserve will release their minutes for their July meeting. The More...
CBS: Economy ‘much weaker’ than thought, ‘recession territory’
While political opponents will squabble over details and good or bad the economy is shaping up to be, CBS published a new article to state that folks need to “face it”: the U.S. economy has a lot of More...
Ted Cruz: Does he believe in bailouts or not?
While the talking heads continue to praise the debating prowess of Sen Marco Rubio and Sen Ted Cruz, some of the details of what was said last night has been glossed over. I want to look at Ted Cruz’s views More...
Rand Paul reintroduces ‘Audit the Fed’
Although Sen. Ted Cruz bogarted his way into the “audit the Fed”discussion during the CNBC debate, it is Sen. Rand Paul, who following in his father, former Congressman Ron Paul’s footsteps, has More...
Rand Paul: The Lone Voice of Liberty at the Republican Debate
On Thursday night, 10 Republican Presidential wanna-bees met in front of a record television audience to “debate” the issues and let the American electorate know what they believe. While some candidates More...
Barclays, JP Morgan,Chase, Citigroup, others guilty of criminal activity, DOJ agrees to plea deal
Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations with the Justice Department for rigging the price More...
Student Loan Debts Are Leaving People No Way Out
The Federal Reserve Bank of New York released its latest “Quarterly Report on Household Debt and Credit,” and one thing is crystal clear: student loan debts are nothing short of a ticking time bomb for the American More...
Dallas Fed chief responds to Rand Paul’s ‘Audit the Fed’ bill
Late last month, Kentucky Republican Senator Rand Paul reintroduced the bipartisan Federal Reserve Transparency Act of 2015. Rand Paul on Senate floor/Video Screen Shot Known widely as “Audit the Fed,” More...
