The credit rating agency DBRS released a new report on Thursday, November 30th that reported US consumer debt for the third quarter of 2017 at approximately $12.96 trillion, an increase …
"inflation"
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With optimism growing that Congress will soon be passing tax relief for millions of Americans, stocks rallied in late November and early December to push the Dow Jones Industrial Average …
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Not long after officially entering into its second bout of hyperinflation in the past decade, Zimbabwe is now facing political turmoil. After military action last night to take over the …
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An interesting public-relations ploy in the mortgage finance industry is to never refer to rising prices as inflation. Instead, industry representatives always refer to it by the more palatable, and …
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The word “capitalism” gets used quite loosely and seems to always be the scapegoat for the various economic and social problems afflicting society. High prices, economic crashes and instability, corporate …
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Inflation, or the debasement of the currency, is not new. Political elites and ruling institutions all throughout history have been guilty of this mass-scale pick-pocketing of the people. Our current-day …
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Venezuela’s government-run oil company, PDVSA, is falling behind on its debt payments. On Friday it will have to pay its creditors $985 million, and less than a week later it …
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In the spirit of the old joke, “just because you’re paranoid doesn’t mean they’re not all out to get you,” consider the possibility the US is heading toward an economic …
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Money
Governments Will Shut Down Bitcoin and Other Cryptocurrencies, Warns Jamie Dimon
by Alex McGeeby Alex McGeeJamie Dimon, the CEO of JPMorgan, has been extremely critical of Bitcoin and other cryptocurrencies. In early September he called Bitcoin a “fraud,” and stated that JPMorgan would fire any …
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American household worth rose $1.698 trillion to another new record of $96.196 trillion in the second quarter, thanks to booming stock market valuations and re-inflated housing prices, according to a …