It can't get any worse than this. Jerome Powell is a Wall Street-coddling Keynesian and Washington lifer who passes for a Janet Yellen replica – that is, save for his tie and trousers and his as yet underdeveloped capacity to whine pedantically.
Eric Peters: "The Next Market Cleanse Will Be Sharp, Deep, Fast And Feel Like The End Of The World"
America's dying malls have been a frequent topic of discussion of late as these relics of the 80's have been forced to convert once valuable high-end retail square footage into grocery stores, libraries and doctor offices just to keep the lights on
The Fed meets today and Fed Chair Janet Yellen will make another superficial statement of some sort. Most likely, she will reiterate some mush about transitory low inflation while noting a surge in consumer spending. It's the jump in consumer spendin
Fastest Pace In At Least 30 Years
I've long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the $1 trillion out of thin air--nothing could be easie
Billionaire investor Warren Buffett has claimed that the market for the leading virtual currency Bitcoin is already in bubble territory. He also issued a criticism of the proposals for applying a value to the cryptocurrency.
According to a new report from ATTOM Data Solutions published earlier today, vacant property rates are once again increasing in many markets across the country but perhaps not for the reasons you might think.
Illinois owes a lot. But how much? And who does it owe this money to? It turns out that no one knows. According the Bloomberg, even the CFO of the state government doesn't know how much they owe. By the time he gets reports on public debt from stat
Another factor in the upsurge of the stock market is the high expectations of reforms from the Trump government.
In an interview with the Economic Times, the Mastercard executive revealed the company would be receptive to a digital currency – if it is developed or mandated by a government. Unsurprisingly, Banga was scathing in his attack on state-agnostic cry
When it comes to the cost of living in cities, a general rule of thumb is that housing prices are much higher in the country's economic and population hubs, especially in the cities along the coasts.
In light of the 30-year anniversary of the Black Monday Crash in 1987 (when the Dow lost more than 20% in "one day", we should be reminded that investor anxiety usually increases when markets get to extremes. If stock prices fall steeply, people fret
For the past several months, cities all across the country have been competing for the opportunity to host Amazon's second headquarters which promises $5 billion in capital investment and 50,000 new jobs over a period of time. And now that the bid
Jared Labell (Exec Dir Libertarian Inst; Founder Dissident Operations) & Angela Keaton (Dir of Operations AntiWar.Com) on House Concurrent Resolution 81, which would end US involvement in the Saudi War in Yemen - Matt Smith (CEO Royalty Exchange) on
Following last month's bounce in permits (later revised lower), September expectations were for a decline of 2.1% (presumably analysts knew of the storms' potential impact when they guessed) but it utterly collapsed - down 4.5%.
Unless used for capital improvements, any new Illinois State borrowing, regardless of security structure, will amount to nothing more than kicking the can further down the road.
Back in June, we introduced you to Nigerian oil magnate, Kola Aluko, the mysterious (now former) owner of Unit 79, a penthouse in Manhattan's ultra-luxury One57 tower, one of several buildings clustered around Central Park that comprise Manhattan's
The day would eventually become known as Black Monday...In a "bit of fun" Deutsche Bank's credit strategist, Jim Reid, decided to calculate where returns would be today had you bought various assets the morning after the crash.
A new report from the Complex Systems Institute justifies wealth redistribution with mathematics.
No Hurricane Bounce
There shouldn't be a Federal Reserve, but it exists, and it's constantly creating a world of economic pain.?
During today's Values Voter Summit in Washington D.C., Breitbart News Executive Director Steve Bannon pulled no punches and zeroed in on many targets.
U.S. stocks reached record highs on Friday as investors bet on another strong earnings season.
What will happen as the US Federal Reserve decides to pull away the "unconventional" monetary stimulus punch bowl from the US and global economies?
Launching Q3 earnings season, moments ago JPM reported third quarter Net Income of $6.7 billion and EPS of $1.76, beating expectations $1.67 and 18 cents, or 7% higher than a year ago, on "managed" revenue of $26.2 BN, beating consensus expectations
Illinois is chasing a moving target as it tries to dig out of the nation's worst budget crisis, and a review obtained by The Associated Press shows $7.5 billion worth of unpaid bills -- as much as half the total -- hadn't been sent to the official
Janet Yellen's mantra is, "It's transitory!"
President Trump, who knows a thing or two about bankruptcy, says Puerto Rico's public debt should be wiped out. We agree.
Economic Slowdown Confirmed: The U.S. Economy Lost Jobs Last Month For The First Time In 7 Years