This news item reads like a scene from Atlas Shrugged: Record grain harvests on the Prairies are straining Western Canada's transportation system as farmers struggle to get their bumper crop to west coast export terminals.
Last week the Sacramento Bee published a report indicating the foreclosure rates had returned to “normal” levels and that the, “foreclosure crisis that overwhelmed the greater Sacramento area for the past seven years has ended.”
Each US taxpayer now has a federal-debt liability of $1.1 million, and rising. Remember when President Obama boasts that the federal deficit—the shortfall between annual revenues and spending—is declining. Of course, the primary reason
China is forecast to spend roughly $1 trillion over the next decade buying up foreign assets, including about $15 billion to $20 billion a year on U.S. investments, according to the Kiplinger Letter. But what, exactly, are Chinese firms buying?
When the Federal Government came shut down this month, many economists predicted the price of gold would rise.
When it did not do so, many analysts began to question if the value of gold was being artificially manipulated.
Many investors believ
When I was a young man, the older men I admired were the independent businessmen. Being a corporate suit issuing orders to underlings never appealed to me, but being a successful man who controlled his own life and business… that did.
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The basic predicament we are in is that the current crop of leaders in the halls of monetary and political power does not appear to understand the dimensions of our situation. The mind-boggling part about all this is that it's not all that hard to gr
China is concerned with its US treasury holdings worth up to $1.2 trillion after Washington’s spectacle earlier this month over its fiscal policies that pushed the world’s economy into a crises. “The move, along with other agreements on financial co
hree high school buddies from a tiny Canadian town say that they will flip the switch on the world’s first bitcoin ATM next week. It will operate near the entrance of a downtown Vancouver coffee house.
The Bank of Canada’s dropping of language about the need for future interest-rate increases and today’s decisions by central banks in Norway, Sweden and the Philippines to leave their rates on hold unite them with counterparts in reinforcing rather t