With Brexit on the minds of many Europeans, the condition of the European economy is far from most people’s thoughts. So much focus has been placed on the one-shot deal with Brexit and the fears that Brexit will sink the European economy into recession that less focus has been placed on other factors that will […]
Continue Reading
For decades the US dollar has been the world’s reserve currency. That has afforded the US government a number of benefits, most especially the ability to create massive amounts of government debt that are readily purchased by investors and institutions around the world. But the dollar’s time as the world’s reserve currency may be coming […]
Continue Reading
One of the reasons Bitcoin has grown so much in popularity is because it allows people to engage in financial transactions without having to go through financial intermediaries. Each man can be his own bank, storing money, transacting with others, and even engaging in transactions across international borders. That has made Bitcoin a target for […]
Continue Reading
While everyone knows that inflation makes the cost of living more expensive by the year, the extent to which inflation affects American households is less obvious to most people. A recent survey of Americans found that 44% of Americans don’t make enough money to be able to afford their expenses. That’s a worrying statistic, but […]
Continue Reading
Most investors learn early on that stocks are the best way to grow their wealth. It’s a lesson that has become accepted throughout the investment community and isn’t questioned at all. So many investors have made so much money through their 401(k) plans, IRAs, and brokerage accounts that no one ever thinks about whether there […]
Continue Reading
Many people remember the role that credit rating agencies played in the buildup of the housing bubble that burst so spectacularly in 2008. The bubble was helped along by securitization of mortgages, in which originators would package mortgages together, securitize them, and sell them off to investors. Many of these mortgage-backed securities (MBS) were rated […]
Continue Reading
A scandalous program is now coming to light, as it’s been revealed that New York City has shipped over 12,000 homeless people to other areas of the country. The program to reduce the burden of homeless people on the city spent $89 million to relocate those people, or over $7,000 per person. While some of […]
Continue Reading
Stock market bulls have been making the rounds on mainstream financial news shows trying to make the case that stock markets remain a great investment. Their views are based less on analysis of economic fundamentals than they are on analysis of financial data that isn’t necessarily indicative of anything. The fact that trillions of dollars […]
Continue Reading
The Bank of Canada is the latest central bank to try to get in on the cryptocurrency movement. The central bank has decided that it, too, will look at issuing its own digital national currency. But its move isn’t to try to provide a more useful or better currency to consumers, it’s to track their […]
Continue Reading
For all those waiting with bated breath for the United Kingdom to leave the European Union, the much anticipated Brexit has been delayed yet again. It seems that, despite the clear will of the British voters to leave the EU, neither UK nor EU leaders want to see that happening. But they can’t quite figure […]
Continue Reading
