Lower Gas Prices Means No Social Security Increase Next Year
Annual cost-of-living adjustment being dragged down by lower prices at the pump.
Tag: Economic Crisis
Fed Still Plans Rate Hike This Year, But Not Committed
“Based on my forecast, yes I am” expecting to raise rates this year, said New York Fed President William Dudley.
Twitter Planning Layoffs Next Week: ReCode
Unclear how many staffers will get the boot, but layoffs expected to affect most departments.
Most Americans Have Less than $1,000 in Savings
And over 20% don’t even have a savings account.
One Part Of The Economy Is Booming: The Underground/Cash-Only Sector
It won’t be much of a surprise to those living outside the Washington D.C. beltway.
It’s Time For Negative Rates, Fed’s Kocherlakota Hints
Fed takes rates into the Keynesian NIRP twilight zone.
$3 Trillion Corporate Credit Crunch Looms as Debtors Face Day of Reckoning, Says IMF
A poisonous “triad” of global risks is pushing the world to the brink of a new financial crisis, says stark IMF report.
Central Banks Selling U.S. Treasuries As Fight Over Debt Looms
Debt ceiling only rises, never falls.
It’s Time for Genuine Free Trade
No more “free trade” treaties.
China Dumps Another $45B of Reserves in September, Actual Outflows Could Be far Higher
Analysts think this number is just the beginning…
Treasury Sells 3-Month Bills At 0% Yield For First Time Ever
US gradually becoming Europe.
Student Debt Squeezing Parents and Children Simultaneously
In some families, student debt squeezes parents and children simultaneously and clouds future.
How Student Loan Debt Is Turning Us into Serfs
Our current financial system is also producing a perpetual serf class.
Bernanke: No hurry to hike
“Easy money is justified by the need to get inflation up to the target.”