Economy

Online Lenders Distance Themselves from Cash Advance Loans

With federal regulators turning a Sauron-like eye toward lending practices, the industry is considering a popular Washington maneuver, which is to show lawmakers that it can regulate itself without the government stepping in. To this end, online lenders are distancing themselves from cash advance loans. Taking a Step Back from Cash Advance Loans Online lenders

The Economy’s Get Out of Jail Free Card – The Chicago Plan, Revisited

Ask any college student which freshman-level subject requires the most study and generates the biggest headaches, and he or she will usually say economics. What should be simple in practice–the exchange of goods and services–generates complexities and bizarre concepts and conventions that quickly convince students that they’re not in Kansas high school anymore. The International

China the Epicenter of a New Global Banking Crisis, BIS Warns

The Bank for International Settlements, or BIS, warns that China’s banking policies are likely to generate a new international banking crisis within the next three years. The BIS, which is the world’s largest bank, issued the warning despite finding that no immediate threat is likely according to a Reuters.com report. The risks are intensified by

Central Bankers Trapped in a Mess of Their Own Making

In conjunction with their respective governments, central banks have been manipulating economies for decades. Central bankers have sought to control interest rates, inflation and credit through their policies. Their efforts have impacted the stock market, job creation, home construction and many more aspects of the economy. However, in recent years, central bankers have manipulated themselves

The Market Calm Before the Storm

Wall Street has been remarkably quiet in recent weeks, which is especially surprising considering the turbulence that occurred just a few months ago. CNN reported on August 10 that the VIX volatility index had recently dropped below 11.4, reaching its lowest level since 2014. The index, which has rarely reached single digits, was sitting at

7 Reasons Why Brexit Didn’t Destroy the World After All

Forecasts of doom, financial collapse and political upheaval have been common since the unexpected British vote to leave the European Union, which is commonly called Brexit. However, the imminent collapse of Britain’s economy that was predicted now seems unlikely according to a Spectator.co.uk report. The analysis shows that there were fewer job losses than expected

Unemployment Crisis Grips Millennials Worldwide

The International Labour Organisation recently brought attention to a major global problem: unemployment among young people. According to a report at Economist.com, the global unemployment rate has risen among 15- to 24-year-olds in 2016 to 13.1 percent, which is near the peak that it reached in 2013. In Arab countries, the unemployment rate for this

Bank of Japan Prepares to Unleash Unprecedented Stimulus

Japan’s economy, which is reeling from decades of poor production, high national debt and Chinese competition, has developed severe weakness recently that put the nation’s central bank and its citizens in severe jeopardy according to a Bloomberg.com article. Prime Minister Shinzo Abe, who has considered stimulus packages, helicopter money, new technologies and other economic fixes,

Is the Stock Market About to Wipe Out (Again)?

Is the Stock Market About to Wipe Out (Again)? Despite weak economic indicators, stocks have continued to appreciate in the current bull market for the past seven years, which leads many analysts to conclude that stocks are now overvalued and likely to crash according to a 247wallst.com report. The analysis points out these persuasive arguments:

Bubble, Bonds, Boils and Troubles

The world’s central banks face increasing problems when it comes to planning fiscal policies in today’s climate of financial uncertainties, lower gross domestic production levels, or GDPs, and artificially high bubbles that seem to be artificially upholding inflated stock values. Bubble Finance has Gone to New Extremes Davidstockmanscontracorner.com recently published a report that examines these

There’s Just No Stopping the Chinese Debt Juggernaut

In the financial world, several notable investors have recently expressed concern about China’s growing debt. Famous investor George Soros reported that the country’s situation bears an uncanny resemblance to the conditions that were present in the United States prior to the 2008 financial crisis. He said, “It’s similarly fueled by credit growth and an eventually

Stocks Continue to Break Records – Is It Really Different this Time?

Stocks continue to break records despite financial analysts’ predictions of doom due to Brexit, or Britain’s decision to leave the European Union, and sluggish economies throughout the world. Artificially low oil prices due to the price war between Saudi Arabia and shale-oil producers in the United States, despite providing a big benefit to consumers, have

Clinton Vows to Raise Taxes — A Promise She’ll Keep

 Few Americans believe that their taxes are too low, especially when the amounts they pay in addition to federal and state income taxes are included. For example, payroll taxes are deducted from earnings. There are federal taxes on gasoline, cell phone bills, hotel rooms, airline tickets and a bevy of other goods and services. Sales

Stocks Soar to Record Highs Even with Rate Hikes on the Horizon

Stocks recently soared to record highs even with rate hikes on the horizon. The NASDAQ and the S&P 500 both closed strong after the jobs report came out with numbers that were better than expected. The Dow Jones increased by 190 points, which meant that for the week, it posted a gain. Top contributors included

Stocks Continue to Break Records – Is It Really Different this Time?

Stocks continue to break records despite financial analysts’ predictions of doom due to Brexit, or Britain’s decision to leave the European Union, and sluggish economies throughout the world. Artificially low oil prices due to the price war between Saudi Arabia and shale-oil producers in the United States, despite providing a big benefit to consumers, have

Economy Finally Shows Signs of Decent Growth

The recent jobs report certainly made some investors happy as the surprisingly high numbers brightened up the country’s economic outlook. For the second straight month, the U.S. added jobs. Wages also picked up a little steam. Good news came from the trading floor as well since stocks recently posted record highs while volatility is hovering

Most New Jobs Created in the Recovery are Second Rate

While economists and investors are celebrating the new jobs report that shows 255,000 new jobs were added in July, many of the new jobs created in recent years have been second-rate ones. If an individual is unable to live by having just one of the new jobs created, then he or she may need two