August 23, 2019
“President Trump on Monday called for the Federal Reserve to sharply cut interest rates and again criticized the central bank’s chairman for a “horrendous lack of vision,” while reiterating his belief that the U.S. economy is strong.” https://www.wsj.com/articles/trump-calls-for-a-big-fed-rate-cut-again-criticizes-central-bank-chairman-11566230832
August 20, 2019
” U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded…” https://www.wsj.com/articles/u-s-mortgage-debt-hits-record-eclipsing-2008-peak-11565708431 Debt in general is bad (unless it’s leveraged correctly) but the main problem of the 2008 housing crash was… Continue Reading…
August 19, 2019
“The gap grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on Monday. That’s wider than last fiscal… Continue Reading…
August 15, 2019
“The federal government spent a record $3,355,970,000,000 in the first nine months of fiscal 2019 (October through June), according to the Monthly Treasury Statement released today. Prior to this fiscal year, the most the federal government had ever spent in the… Continue Reading…
August 15, 2019
“According to data released last week by the ABI, US bankruptcy filings surged by 3 percent in July 2019 from July 2018. A total of 64,283 filings were reported for July, up from 62,241 for July 2018. And if the… Continue Reading…
August 14, 2019
“If you live in Washington D.C., Houston or Atlanta, it might be time to take a vacation. Those three cities, followed by Seattle and Chicago, are the most overworked cities in the United States, according to a study released by the mobile… Continue Reading…
August 12, 2019
“Look out Wall Street. Huge financial firms from the northeast are moving en masse to Palm Beach County in search of lower taxes and better weather. And the moves are spelling out big dollars for the local economy. “The harder… Continue Reading…
August 2, 2019
” The number of people employed in the United States hit a record 157,288,000 in July, according to the employment report released today by the Bureau of Labor Statistics… The unemployment rate held steady in July at 3.7 percent, the same as it… Continue Reading…
July 26, 2019
“GDP increased 2.1%, down from 3.1% from the first quarter, and the weakest increase since the first quarter of 2017 when President Donald Trump took office. Dow Jones Q2 estimates were for 2% growth. However, the underlying numbers in the… Continue Reading…
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