A northern New Jersey honor student is suing her parents for financial support and to force them to pay for her college.
At the end of 2003, American students and graduates owed just $253 billion in aggregate debt; by the end of 2013, American students’ debt had ballooned to a total of $1.08 trillion, an increase of over 300%. In the past year alone,
Jim Grant: Fed Making It Up As It Goes - Year 6 of ‘Monetary Improv Video
Dear Depositor: We don’t want to cause you unnecessary stress or worry, but it might be prudent to pay attention to a series of unusual news reports recently emanating from the banking world.
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The way we rate national economies is all wrong, says rating agency reformer Annette Heuser. With mysterious and obscure methods, three private US-based credit rating agencies wield immense power over national economies across the globe, and the outc
The Federal Reserve should be willing to let inflation temporarily run above its target level so as to more quickly bring the economy back to health, a top Fed official said on Friday, even as a second policymaker signaled the very idea left him cold
While the FT promptly retracted an article on precisely the topic of gold manipulation from earlier this week (recorded for posterity here), Bloomberg appears to not have had the same "editorial" concerns and pressures....
U.S. stocks climbed on Thursday, propelling the S&P 500 to a record close, after Federal Reserve Chair Janet Yellen said the central bank would probably continue tapering its asset purchases while tracking data to figure how much recent softness in t
It is by now well understood that the US housing market over the past year has not benefited from broad consumer participation, exhibited best by the unprecedented,....
Credit is a wonderful tool that can help advance the division of labor, thereby increasing productivity and prosperity. The granting of credit enables savers to spread their income over time, as they prefer. By taking out loans, investors can impleme
The 5 largest banks by assets now hold 44% of US banking assets and 40.1% of domestic deposits—up from 23.5% and 19.5%, respectively, in early 2000. Correspondingly, small banks’ share of domestic deposits has fallen from 40.4% to 23% since
US equities tagged new highs early in the day-session sparked by USDJPY ignition and rotating to support from AUDJPY as stops were run and exuberance over shitty data reigned.
The dismal trail of dead bankers continues. As The Journal Star reports, a successful Lincoln businessman and member of a prominent local family died last week.
While the guests on Friday's CNBC closing bell were giddy with excitement about earnings, US stocks, and 'the recovery' being "a lot stronger than people give it credit for", Rick Santelli asked a simple question, if it's all so great why is the Fed
S&P 500 Surges To New All-Time Highs
If the economy is really "getting better", then why have millions upon millions of formerly middle class Americans been pushed to the point of utter despair?
"The Stock Market Is A Mood Ring For Faith In The Fed"
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The harsh U.S. winter has turned natural gas into the second-best performing commodity year-to-date.
In case you are using Facebook and desire to use your profile(s) to promote Liberty, I wanted to share a quick cover photo regarding the savings to tax payers based on the states of Washington and Colorado no longer jailing marijuana smokers.
Technology has leapfrogged the banking sector, rendering it as obsolete as buggy whips. So why are we devoting 9% of our economy to an obsolete parasite?
What else can we do with the $1.25 trillion we'll save by eliminating these obsolete financial middleman parasites? A lot.
Sometimes you just have to sit back, look at some charts, and say WTF...
In December 2008, two brief conversations from Ms Yellen and Mr Bullard appear to have set the scene for both the scale and focus of the Fed's actions over the ensuing years...
Detroit presented its plan for leaving bankruptcy, outlining an elaborate plan to restructure $18 billion in debt, demolish thousands of blighted homes and invest in the broken-down infrastructure that has made the city a symbol of urban decay.
Why are so many young adults in America living with their parents?
At the risk of sounding elitist, there is something so big coming, so profound, that it could change the course of history, either for the better or for the worse, and most of our countrymen do not possess the knowledge or intellectual capacity to gr
The last week or two appeared to be dominated by hope that the transitory weakness in data was weather-related, the recovery was all good, and that the Fed would un-taper to give it a helping hand just in case...
If there’s one thing that’s certain about what’s happening in the world right now it’s that uncertainty is pervading every aspect of the global economy.