Economy
The economy concerns everyone, whether they know it or not. From employment to prices, debt levels to wealth levels, there is very little in life that is not touched in some fashion by economics.   Credit, in particular, powers the modern economy. While those in the upper income brackets enjoy the cushion of savings and borrowing to increase wealth, those in the lower brackets must often resort to the only forms available to them, namely bad credit loans, pawn shops, payday loans and cash advance loans.   We cover matters of macroeconomics that concern all of us, and help us make better-informed decisions: Is it the right time to risk starting a business? Buying a house? Investing in the Markets?   Our economic experts can help you make those decision by providing a clear picture of where the economy as a whole – globally and locally – stand currently, and where it is likely to stand in the future.

Globalism and the Growth of Income Disparity

Globalism refers to connectedness and communication networks that span continents and bring the world’s people closer together, and globalization refers to how globalism increases or decreases. Digital technology has increased globalism, global marketing and business opportunities, but this growth doesn’t mean that everyone gets a share of the wealth. There has been a growing gap

Is Brexit the Lehman Moment for the $100 Trillion Global Bond Bubble?

Most economies have barely recovered from the 2008 subprime mortgage fiasco that was caused by sloppy lending practices at banks, overextended them and compromised essential liquidity to pay their own debts. Investopedia.com reports that Lehman Brothers, the fourth-largest investment bank in the United States, was forced to declare bankruptcy with $619 billion in debt versus

Brexit Unleashes a Financial Hurricane on Global Markets

Despite advanced polling technologies, voters can still surprise the media and politicians. Britain’s referendum on whether to leave or stay in the European Union was widely predicted to validate the U.K.’s continued participation with its European neighbors, but the voters decided to risk leaving the EU in hopes that it would stimulate faster recovery from

Online Payday Advance Loans Under Siege in Alabama

Considering the numerous outcries against online payday advance loans from federal agencies, consumer groups and others, it is not surprising that payday lenders are under siege in Alabama. Online payday advance lending has been discussed in the Alabama legislature for several years, but during this year’s regular session, a bill to regulate the industry made

Trump Blames Globalism for Decline of the Middle Class

Flying on the wings of anti-globalism, Donald Trump made his way to the top of the Republican presidential field. He accomplished this by making promises and accusations. During a recent speech, Trump blamed globalism for the decline of the middle class. To save the middle class from globalism, the candidate’s most recent list of threats

If This is a Recovery, Wait Until the Next Recession

Despite seven years of economic growth, a recession is on the horizon. Since the Global Financial Crisis of 2007 – 2008, many investors and consumers have been wary of the condition of financial markets. Between mid-2009 and present, many of these concerns faded, and people who continued to be skeptical were labeled as pessimists or

More Hedge Fund Managers Join the Bears; Go Hunting for Bulls to Kill

Hedge funds search out absolute returns. Because of this, more hedge fund managers are joining the bear camp and are hunting bulls for the kill. To this end, billionaire hedge fund founder George Soros recently returned to trading. According to industry insiders, his return signals the opportunity to profit from looming economic troubles. More Hedge

The Death of the American Middle Class

The Death of the American Middle Class Unless the country changes direction, the death of the American middle class may actually arrive. What was once a nation that believed hard work resulted in a comfortable lifestyle is turning into a country that coddles its wealthy while pushing those with lesser incomes closer and closer to

Why So Many Americans are Broke

A recent Federal Reserve report confirmed that Americans are broke. The data shows that 46 percent of the nation’s citizens would be in trouble if they were required to come up with just $400 to cover an emergency. How did this happen? The answer to why so many Americans are broke ranges from a slow

The European Banking System Is in Serious Trouble

Since the Global Financial Crisis of 2008, the European Banking System has been filled with politics and uncertainty. Due to the interconnected nature of the European Banking System, fiscal problems in Greece, Italy, and other members have become economic problems for the entire European Union. Due to a conflict between regulators and banks, the European

Why the Smart Money is Getting Out of Stocks

Despite the Dow’s record setting numbers, experts report that smart money is getting out of stocks. Smart money earned its nickname from making better decisions than average investors, so if those who are in charge of these funds are shifting their investment strategy, then everyday stockholders should consider following suit. Why is Smart Money Fleeing

Oil Rally Continues Despite Poor Fundamentals

Despite some contradictory signs, oil prices have been gaining steadily based on reports that U.S. oil inventories have dropped and concerns about production disruptions in both China and Nigeria. A report from cnbc.com speculates that economic weaknesses and contradictory signals about the dollar’s strength won’t significantly impact the trend of rising oil prices. Often linked

The Stock Market Rally Continues! Until it Doesn’t

Industry experts are predicting that the recent rally in the stock market will continue for the moment. That is until it doesn’t. Low market volatility appears to be on the agenda for now, but some forecasters are projecting a rough summer for investors. In fact, a stock market crash may be on the way. How

The Global Bond Bubble Will End In Tears

In the global bond market, a bubble is putting an enormous amount of money at risk. If it bursts, investors will end up in tears. When it comes to media reports, the bond market is often overlooked because stocks are more volatile, so they make for better news. However, several sources confirm that the global

The Trans-Pacific Partnership and the Rise of a Global Corporatist Empire

The Trans-Pacific Partnership, or TPP, is a recent trade agreement that’s creating worldwide controversy. Some experts say that it will bring about the rise of a global corporatist empire while others claim that the deal will increase the wealth of the nations that enter into it and improve the lives of everyday people. The agreement

The Death of OPEC – How Shale, Russia, and Canada Killed It

Many economists and finance professionals have come to the conclusion that OPEC’s reign over the world’s oil markets is over. OPEC gained influence during the oil crisis of the 1970s, but current factors have made manipulating prices a difficult process. In the global market, emerging economies like China have reduced demand for crude oil. To

China’s Pending Lehman Moment Will Collapse World Markets

With billions of dollars taking their leave of the country, China could be facing a Lehman moment. If this happens, world markets may collapse. The global stock markets recently entered panic mode when shares plummeted in Europe and Asia for the second day in a row. This situation sparked fears that the global economy may