Pew Study: Middle Class Declining, No Longer Majority
Pew found that the “share of American adults living in middle-income households has fallen from 61% in 1971 to 50% in 2015.
Tag: Economic Crisis
Workforce Could Shrink by 2 Million People Because of Obamacare
“It’s clear the law is not working for the American people.”
Morgan Stanley Begins Layoffs In Credit Division
The decision to downsize followed one of Morgan Stanley’s slowest quarters for bond trading since the global credit crunch.
U.S. startups are on the decline
Slowing rate of entrepreneurship hurting the economy.
Detroit Area Rents Squeeze Record Number of Residents
Nationally, the decade-long surge in rental demand is unprecedented.
Guess What Happened The Last Time Junk Bonds Started Crashing Like This? Hint: Think 2008
“We are looking at real carnage in the junk bond market.”
Another Government-Backed Renewable Energy Giant Is Looking Unstable
The company is also reportedly on the verge of shutting down the headquarters of Abengoa Bioenergy in St. Louis.
UK Retail Sales Growth Marks Worst November Since 2011
“November’s relatively flat sales figures are a reality check for the retail sector…”
Oil Targets $35 a Barrel, Which May Be the Bottom
The price of a barrel of oil has fallen $69 in 18 months.
Government Debt Is Not Like Private Debt
The two are not comparable.
Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel?
The crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy.
PLUNGING OIL PRICES DRAG DOWN WALL STREET
Lowest Brent crude prices in nearly seven years.
JP Morgan And Citigroup Agree That The U.S. Economy Is Steamrolling Toward A Recession
Citigroup’s assessment states that there is a 65 percent chance that the United States will experience an economic recession in 2016.
ISIS is Obsessed with Gold Currency
ISIS condemns rise of bank notes like U.S. dollar…
How Money Disappears in a Fractional-Reserve Money System
Printing money only inflicts more damage.