The U.S. Government Is Borrowing About 8 Trillion Dollars A Year
I know that headline sounds completely outrageous. But it is actually true. The U.
Money
The Reason College Costs More Than You Think
Nearly nine out of 10 freshmen think they’ll earn their bachelor’s degrees within the traditional four years, according to a nationwide survey conducted by the Higher Education Research Institute at UCLA. But the U.S.
Smoking Gun Evidence That The New York Fed Serves The Interests Of Goldman Sachs
For years, many people have suspected that the New York Fed is more or less controlled by the “too big to fail” banks. Well, now we have smoking gun evidence that this is indeed the case. A very brave lawyer named Carmen Segarra made a series of audio recordings while she was working for the New York Fed.
Five U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives
When is the U.S. banking system going to crash?
Mortgage Originations Down By 60-70%…..But Everything Is OK!
Mortgage originations for the first quarter of this year fell off a cliff. JPMorgan reported a decline of 71 percent, as I recall, and I think Citibank reported a drop of 66 percent. Now, the second quarter’s bloodletting has come in and the numbers are about the same… down more than 60 percent year-over-year, if memory serves and it often does.
Jobs gained during the recovery pay an average 23 percent less than the jobs lost during the recession
As the so-called “recovery” continues, the facts just inconveniently get in the way, if you dare to look beyond the lamestream media. In a mere 6 years, since the recession began, wages have dropped substantially. “Jobs gained during the economic recovery from the Great Recession pay an average 23% less than the jobs lost during the recession,” according to a new report released by The U.
The glaringly obvious guide to the next financial crash
Leveraged loans to private equity are not just flashing red but have a wailing siren and a man walking in front waving a flag. The loans are even bothering the see-no-evil officials at the Federal Reserve, who have been trying to persuade banks that excessively leveraged loans are risky. More than a third of leveraged loans this year have lent more than six times earnings before interest, tax, depreciation and amortization, only slightly below the proportion at the peak of the 2007 credit bubble, according to S&P Capital IQ.
Silicon Valley Insider: ‘If 2000 Was A Bubble Factor Of 10, We Are At A 9 Right Now’
Facebook bought revenueless Instagram for $1 billion in 2012. Snapchat, the revenueless sexting app, is now valued at $10 billion. There are so many examples like this.
This Is About As Good As Things Are Going To Get For The Middle Class – And It’s Not That Good
The U.S. economy has had six full years to bounce back since the financial collapse of 2008, and it simply has not happened.
Is Another Housing Crash Imminent?
Real estate prices are predicted to fall between 15%-40% or more in the next 1 to 3 years Mortgage applications have been falling steadily for over a year Typical Pool with Hot Tub in Florida Home During Housing Peak Homebuilders may be optimistic on the housing front, but the rest of us shouldn’t be. It seems they always get ahead of themselves with optimism, and then end up holding the bag, like when the last crash happened. In the few years leading up to 2007, I remember the plethora of new developments going up all around where I live in south Florida, with brightly-colored sales flags and dozens of beautifully decorated model homes in endless developments.
This is why the middle class can’t get ahead
For everybody wondering why the economic recovery feels like a recession, here’s the answer: We’re still at least five years away from regaining everything lost during the 2007-2009 downturn. Forecasting firm IHS Global Insight predicts that real median household income — perhaps the best proxy for middle-class living standards — won’t reach the prior peak from 2007 until 2019.
Here a bubble, there a bubble: Marc Faber
Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm. “We have a bubble in everything, everywhere,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box” on Friday. Faber has long argued that the Federal Reserve’s massive asset purchasing programs and near-zero interest rates have inflated stock prices.
News Pelosi: When ‘Obama Won the Election, He Took Us Out of That [Economic] Brink’
At the Americans United rally “Hands Off Social Security & Medicare” at the Capitol on Thursday, House Minority Leader Nancy Pelosi (D-Calif.) blamed Republicans for the economic recession of 2007-09, saying their “lack of regulation and supervision took our country to the brink, and so when President Obama won the election, he took us out of that brink.” “I know you’ve heard from many members of the House and Senate about the importance of the three pillars of security for America’s seniors:
Scam Alert: Hospitals All Over America Are Wildly Inflating Medical Bills
The next time you visit a hospital, it is your wallet that may end up hurting the most. All over the United States, it has become common practice for hospitals to wildly inflate medical bills. For example, it has been reported that some hospitals are charging up to 30 dollars for a single aspirin pill.
After Surgery, Surprise $117,000 Medical Bill From Doctor He Didn’t Know
Before his three-hour neck surgery for herniated disks in December, Peter Drier, 37, signed a pile of consent forms. A bank technology manager who had researched his insurance coverage, Mr. Drier was prepared when the bills started arriving:
The Dow And S&P 500 Soar To Irrational Heights – Meanwhile The Ultra-Wealthy Rush To Buy Gold Bars
Did you know that the number of gold bars being purchased by ultra-wealthy individuals has increased by 243 percent so far this year? If stocks are just going to keep soaring, why are they doing this? On Thursday, the Dow Jones industrial average and the S&P 500 both closed at record highs once again.
World Bank: Economic Impact Of Ebola Outbreak Could Be ‘Catastrophic’
The World Bank released a statement Wednesday warning that the economic impact of the Ebola outbreak in West Africa was “already serious” and could be “catastrophic” if the international community does not take serious action soon. This Ebola outbreak is unprecendented in scope, and worsening with alarming speed. There have been 2,453 deaths counted so far, and 4,963 confirmed, probable, and suspected cases — almost half of which have been diagnosed in the past 21 days.
Nearly 10 percent of Americans go to work high on Marijuana
Showing up to work high? You’re not alone. A new report has found nearly 1 in 10 Americans are showing up to work high on marijuana.
Super-rich rush to buy ‘Italian Job’ style gold bars
The super-rich are looking to protect their wealth through buying record numbers of “Italian job” style gold bars, according to bullion experts. The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost.
The Federal Reserve signals intent to continue low interest rates
The Federal Reserve reassured financial markets Wednesday that a key interest rate will stay near zero for “a considerable time” after its bond purchases end next month, deferring for now a clear signal on how it will begin to shift away from low-rate policies it’s had in place since the 2008 financial crisis. In a statement following a two-day meeting, the Fed said it will continue to wind down monthly bond purchases that have held down long-term interest rates and end the program next month, assuming the labor market continues to improve. Fed Chair Janet Yellen will further explain the Fed’s thinking at a press conference scheduled for 2: