In a Fed Staff working paper released over the weekend titled “Gauging the Ability of the FOMC to Respond to Future Recessions” and penned by deputy director of…
Finance
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Student Loan Debt Slaves Get the Runaround Seeking Promised Relief…
Last Thursday the Consumer Financial Protection Bureau Student Loan Ombudsman released a report detailing the hurdles and outright barriers that college students who…
Obscene: Bill Gate’s Net Worth Hits $90B…
The net worth of the world’s richest person Bill Gates hit an all-time high of $90 billion on Friday, fueled by gains in public holdings including…
Why A Deutsche Bank Whistleblower Turned Down an $8.25 Million Reward: In His Own Words…
“I just got word from the Securities and Exchange Commission that I am to receive half of a $16.5m whistleblower award. But I refuse to take my share”…
Aetna to Leave Public Healthcare Exchanges After DOJ Blocks Merger…
Aetna, the U.S.’s third largest health insurance company, says it will cut its participation in the Affordable Care Act’s marketplaces next year by two-thirds, after…
Related
Burning Down the House…
There’s a new feature to the Anything-Goes-and-Nothing-Matters economy: Nothing-Adds-Up. The magicians who pretend to measure the growth of GDP…
Here’s Why Americans Are Mad as Hell at Wall Street and Washington…
Tens of millions of Americans clearly understand that an entrenched system of corruption such as this, perpetuated through a revolving door between Wall Street and Washington, while…
This Trend Tells You Everything You Need to Know About America’s Future…
These license requirements continue to grow, along with the overall level of rules and regulations in the Land of the Free…
Barclays to Pay $100 Million to U.S. States over Libor Scandal…
Agreement with 43 US states and District of Columbia follows £290m fine four years ago from UK regulators…
U.S. Economy – Something is not Right…
Something very strange has recently happened with the national manufacturing ISM data. Not only are they regularly at odds with the PMI data released by Markit, but they…
Is Deutsche Bank as Dangerous to Financial Stability as Citigroup Was in 2008?…
Deutsche Bank is starting to resemble the financial basket case that Citigroup became in 2008, leading to Citigroup’s partial ownership by the U.S. government…
Say Hello to Southeast Asia’s New Silk Roads…
It’s not only China vs. the US in the South China Sea. Few in the West realize that two completely different, intersecting stories are developing in maritime and mainland Southeast Asia…
Get Ready for America’s New $29 Trillion Debt…
Bear in mind that US debt is already $19+ trillion and climbing. The CBO sees at least another $10 trillion in debt in the coming years, and projects…
Tesla and SolarCity to Combine…
Just over a month ago, Tesla made a proposal to purchase SolarCity and today we are announcing that the two companies have reached an agreement to combine, creating the world’s only…
U.S. Economy Was Growing at the Slowest Pace Since WW II; Now It’s Worse…
It has now been more than a decade since the U.S. economy grew at an annualized rate of 3 percent or better – the longest subpar growth stretch since the end of World War II…
As Oil Tumbles, Just How (Massively) Overpriced Are Energy Companies? Here Is One Answer…
Oil has plateaued and has resumed its descent, recently sliding in a new bear market, and as of this moment flirting with $40/bbl as the realization…
Mamma Mia: Italian Banks on Verge of Collapsing Entire Eurozone Financial System…
A stress test conducted a few days ago by the European Banking Authority confirmed the poor condition of many credit institutions in Europe. Italian banks…
New Panama Papers Series Exposes Secret Deals in Africa…
New details about the middleman at the center of a probe into hundreds of millions of dollars in suspected bribes paid for oil and gas contracts awarded in Algeria…
With Globalization in Danger, G-20 Double Down on a Defense…
Finance chiefs from the world’s biggest economies signaled escalating concern about a wave of anti-globalization sentiment that threatens core principles long embraced by the group…
The Fed Is Preparing For Negative Rates – Here’s The Sign Everyone Missed…
I think it’s possible that the Fed will push rates below zero when the next recession arrives…