Category Archives: interest
The Time Has Come: Venezuela May Be In Default In Under 48 Hours
This past weekend, Venezuela failed to make $237 million in bond coupon payment, blaming “technical glitches” when in reality it simply did not have the money (or wish to part with it). Adding the $349 million in unpaid bond interest accumulated over the past month as of last Friday, that brings Caracas’ unpaid bills to […]
5 Financial Myths You Should Ignore
Authored by Richard Rosso via RealInvestmentAdvice.com, The financial terrain is strewn with robust fables cleverly disguised as facts. The setbacks to financial security due to stock market returns never realized, the precious time and human capital necessary to make up for market losses, the ingenious data-mining undertaken by populist gurus that want you to believe […]
The Upcoming Trade War Between The U.S. And China Will Be The Biggest In The History Of The Planet
The United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both sides. The Trump administration and the Chinese government are both gearing up for a prolonged trade war, and this is going to have very severe […]
The Global Famine Begins: UN Announces That The Worst Food Crisis Since World War II Is Happening Right Now
We always knew that this would start happening. Earlier this month, I wrote about the severe economic problems that are plaguing South America, but up to this point I have neglected to discuss the horrific famines that are breaking out all over Africa. Right now there is a desperate need for food in South Sudan, […]
Deutsche Bank Says Goldman Will Soar Under Trumpenomics
The greatness of The Donald is being praised and lauded almost everywhere. That’s odd, just one month ago he was depicted by the media and most investment banks are the devil, literally. Deutsche Bank is out with a note this morning, suggesting shares of $GS are about to soar — thanks to a rip roaring […]
The Lost Home Owner: “Soaring House Prices And Lack of Decently Paid Jobs” Affect Young
If it seems like the youngest generation of adults are missing out on starting their lives, and becoming real grown-ups… it might be because they are. And despite what you might be thinking, it’s not just a case of fixation on vapid social media, cultural decline or laziness among millenials that is to blame. There […]
“Looming Catastrophe from Diseased Rates”: Billionaire Icahn Warns of Danger Ahead
Billionaire investor Carl Icahn, who is something of an economic rock star, is releasing a video Tuesday that warning of potential looming financial catastrophe. Carl Icahn has drawn attention recently after reportedly endorsing Donal Trump’s candidacy for president, and apparently being recruited by Trump as his potential Treasury Secretary. But now he is warning in […]
Fed Official Admits Zero Interest Rate Undermined Economy: “QE Has Been Ineffective”
Today, with the United States and the globe approaching another financial cliff, officials from the Federal Reserve are beginning to acknowledge the colossal failure of their quantitative easing program that was instituted in the wake of the 2008 economic collapse. The Vice President of the St. Louis Federal Reserve branch stepped out to criticize the […]
Thousands Of Americans Are Fleeing The Big Cities In Preparation For The Coming American Apocalypse
Why are so many people suddenly moving away from major U.S. cities? Recently, I wrote about the mass exodus that is happening out of the state of California, but the truth is that what is happening there is just part of a national phenomenon. The populations of some of our largest cities are steadily shrinking, […]