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Contrary to popular opinion, especially among seniors, Social Security is not a retirement program. There is no fund into which people have been contributing their money.
We're often told that Illinois is not losing its highly taxed residents. For example, a Chicago Magazine article last week had a headline saying exactly that.
I'm not a fortune teller. In fact, the only things anybody knows about predicting – even if you gussy the concept up by calling it "forecasting" – are 1.) Predict often and 2.) Never give both the time and the event.
Election years tend to polarize people's views about political parties, proposed social and economic policies, and the candidates running for high governmental office.
Josh Sigurdson talks with Tim Picciott of The Liberty Advisor as Macy's announces they will be closing 125 stores and cutting 2,000 corporate jobs despite claiming just a year and a half ago that the "retailpocalypse" was over!
It's time for free-market capitalism to reclaim its legacy as a creator of prosperity -- not just for citizens of the Western world, but for people everywhere. It's not capitalism that has to justify itself; it's everything else. Why? Because
The US trade deficit increased in December after shrinking to its smallest since trump was elected in November...
Can runaway booms descend into busts absent monetary tightening by the world's central banks?
Ray Dalio isn't the only American billionaire railing against the mendacious American press.
THIS MEETING IS OPEN TO THE PUBLIC - ANYONE CAN ATTEND - NO MEMBERSHIP NEEDED... THE PRICE FOR THE MEETING IS $5.00 - No Buffet - Individual orders from the menu! The meeting of the Arizona Breakfast Club will be held at : Denny's Restaurant. 700
For some reason, our culture is one that preaches that furthering your education is always worth the price tag, and the truth is, that simply isn't the case.
The gap between rich and poor in America is the worst it's been in more than a half century.
Joe Scarborough took a shot at what President Donald Trump has repeatedly called the "greatest economy ever, strongest economy ever" on Friday, making his case with a New York Times report showing slower economic growth than the president claims.
Market forces are always more powerful than central planners. Economic laws are unbreakable. Central banking and the Fed have been a foolish attempt to break them. One hundred years of folly is one hundred years too long! A major crisis is ahead, and
...maybe cash isn't trash after all, because as Bloomberg reports, when evaluating market impact of the coronavirus outbreak, Dalio - who admits he knows nothing about pandemics - wrote in his daily note on clients that it is time to play safe and he
According to Bloomberg's latest survey, confidence among Americans climbed to a 20-year high amid record optimism about personal finances and the buying climate.
A slightly more dovish Fed, and the corresponding perceived increase in the odds of further stimulus by the US central bank, failed to excite investors much as the coronavirus continues to dampen the mood on global markets.
With spreads so tight - despite credit risks (leverage) at or near record highs - it would appear the bankers have returned to what they know best to be able to keep demand for new issues high and at the same offload their exposures in case of crisis
Deficits will exceed $1 trillion a year for at least 11 years, budget office says
My shoulder aches " because my pockets have been picked. The pain is chronic because of the pain inflicted by the government, which it inflicts " so it says " to ameliorate suffering.
HOW THE CORONAVIRUS WILL IMPACT THE ECONOMY
Anxieties about the knock-on impact to the global economy from the coronavirus outbreak, which appears on track to shave whole percentage points off China's GDP, have pushed stock futures back into the red Thursday morning.
After "beating" expectations handily but still finishing 2019 off with GAAP net income losses exceeding $800 million, Tesla took a relatively lengthy victory lap on their conference call yesterday, which started around 6:30pm EST and lasted about an
After a surge in existing home sales and a 3rd monthly decline in new home sales, pending home sales for December were expected to break the tie over the state of US housing with a continued rebound.
Host:
Ernest Hancock
Davi Barker (Pirates without Borders; Orville Galaxy; Shiny Badges) in studio - Tim Picciott (Wealth Manager @ Innovative Advisory Group) gives The Economic Report - Adryenn Ashley (CEO of Loly.io) comes on the show to discuss and promote her blockch
After November's big downside surprise in Durable Goods Orders, analysts hoped for a modest rebound in December but preliminary data showed a huge rebound (up 2.4% MoM vs +0.3% MoM expected).
After a mixed December (headline flat, current up, future down), analysts expected the ongoing ramp in stocks to have lifted the Conference Board consumer confidence survey in January.
...Coming To America. All of a sudden, demand for "prepper properties" is absolutely soaring, and this is driving up the prices of rural homes all over the nation.
Paddy Hirsch explains why the repurchase (or repo) market is vital part of the financial system, and why the government is considering changes to it.
Case-Shiller home price gains have re-accelerated over the last 3 months and analysts expected another acceleration in November (the latest data set) and were right as the 20-City Composite surge 2.55% YoY (better than the +2.40% YoY expectation).
