Federal Reserve Vice-Chairman Stanley Fischer made a couple of controversial statements this week regarding negative interest rates. Fisher stated negative rates “seem to work” while…
Interest rate
Trend forecaster Gerald Celente provides a "globalnomic" view of what happens if/when the Federal Reserve hikes interest rates - especially to your bottom line. Celente…
Let’s turn our attention to the global economy. Last week the Bank of England said it would buy 60 billion pounds of government debt in…
Defined Benefit Pension Plans are, in many cases, a ponzi scheme. Current assets are used to pay current claims in full in spite of insufficient…
You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown. In the “real economy”, stuff…
When Phyllis Salowe-Kaye learned that the New Jersey State Investment Council (NJSIC) had invested 50 million state pension dollars with a private equity firm that…
The health food chain Tossed has just opened the UK’s first cashless cafe. It’s another step towards the death of cash. This is nothing new. Money…
As I pointed out in this post, conservative elites have completely lost their minds. But liberal elites have problems as well. The problem is more complex…
Finance ministers and central bankers from the world’s biggest economies met in Shanghai, China over the weekend to discuss many of the problems for which…
When you lend When you lend somebody money, they usually have to pay you for the privilege. That has been a bedrock assumption across centuries…
Jack reviews US Federal Reserve Chair, Janet Yellen’s, testimony to Congress this past week. Her overestimation of the health of the US economy and underestimation…
Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future…