Archive for June 1st, 2017

Illinois had its bond rating downgraded to one step above junk by Moody’s Investors Service and S&P Global Ratings

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When the next financial crisis hits an event that may be years or decades away we will learn whether this Congress and the president drew the right lessons from the 2008-09 financial crisis. Congress is arguing over whether government can avoid “bailouts” of large financial institutions and still prevent a full-blown crisis. With all of President Trump’s trials and tribulations, hardly anyone is paying attention.
The debate goes to the heart of the government’s role in the financial system. During the 2008-09 crisis, the Federal Reserve, Treasury and Federal Deposit Insurance…

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You have to love the Chinese flair for the dramatic, for they make things very interesting. Last week, Moodys examined debt levels throughout the Chinese system and found them more than a little concerning. It wasnt just that credit has been created with such an enthusiastic purpose, it was that the purpose no longer exists, or very likely so. The debt binge was a global crisis response, the textbook stimulus approach where the Chinese expected the Great Recession to have been a recession; meaning after some period of time a restoration of all prior trends.
It was…

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President Trump's decision Thursday to exit the Paris climate agreement is likely to give a small and immediate lift to the oil and coal industry, which makes good on a persistent campaign promise. 

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<p>Stocks traded higher Thursday, the first trading day in June, as Wall Street got ready for the release of the monthly jobs report Friday.</p>

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Back when Hong Kong was a largely autonomous colony of Great Britain, its leaders made a point to not calculate the city-states economic statistics. With good reason. The feeling was that if government were in the business of divining unemployment, GDP, and other supposed measures of economic activity, that those same measures would be used by politicians as an excuse for politicians to do something.
Of course, when it comes to economic growth and progress, theres no need for politicians to do anything other than ensure individual freedom to succeed, fail, import, export, and…

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<p>A U.S. appeals court on Thursday closed another avenue for Bernard Madoff's victims to recoup money they lost, saying the trustee liquidating the swindler's firm can ignore transfers of fake profits between customer accounts when determining payouts.</p>

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Millionaire confidence plunged by a record amount in May, sparked by fears of government dysfunction in Washington, D.C.

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Volatile wages, owing in part to undependable schedules, are one factor increasing economic anxiety even with unemployment at a post-recession low.

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The month of May kicks off the spring wedding season. But before you march down the aisle and head off on your honeymoon, make sure you really know your partner. Specifically, make sure you get intimate with your partner's financial life.

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The best part of donating to charity is bragging about it. Rich, vainglorious celebrities and presidents make this clear.
White House spokesman Sean Spicer announced recently that President Trump was donating a quarter of his annual salary ($78,333) to the National Park Service and was personally proud to do so.
The president just donated a significant amount of money of his salary back to the federal government, Spicer said. And so, respectfully, its like, at what point does he do enough? He just gave a very sizable donation.
To ram home the point, Spicer, in full view…

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America’s favorite food, which once afforded a cheap and portable bite for time-pressed consumers, has gotten too fancy for its own good. The result? Fewer people are choosing burgers as a lunch option.

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&nbsp;One Ring to rule them all, One Ring to find them,One Ring to bring them all, and in the darkness bind them.—J.R.R. Tolkien

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<p>Economists often admit to being confused by why incomes aren't rising even in a seemingly tight job market.</p>

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<p>The 2017 Acura NSXs have been on the road for a year now, but chances are, you haven’t seen one. It’s been delayed and ignored, and it suffers from a weak public image because of its association with the hordes of forgettable Acuras out there.</p>

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