Category: Economics & Investing

Was There A Run On The Bank? JPM Caps Some ATM Withdrawals – DSV o o o The Boomer Retirement Meme Is A Big Lie o o o Items from Professor Preponomics: US News Fed Loosens Key Post-Financial Crisis Banking Rule (Washington Examiner) Excerpt: “The impact of the rule will be to increase demand for such bonds, lowering the interest rates that states and cities must pay to finance roads, bridges, buildings and other spending projects. It will also make it easier for banks to meet the liquidity requirement.” Wall Street’s Latest Dirty Word – Stagflation (CNBC) Excerpt: “Stagflation, or …

Retail job cuts spike 41% in Q1 o o o Will TurboTax Boycott Lead To Free Government-Prepared Tax Returns? – PLC o o o Items from Professor Preponomics: US News America is Facing a Pension Time Bomb (Nerd Wallet) Excerpt: “Of the 50 states, only Wisconsin’s pension system has a surplus. Other states, such as Illinois, have pension debt that is over 50% unfunded, meaning that unless changes are made, the state will be able to pay less than half of promised retirement payments to current workers.” Philadelphia’s $5.7 Billion “Quiet Crisis” (Financial Times via CNBC) Yellen’s New Emphasis for …

Brace For Higher Gold & Silver Prices As The Markets Crack o o o Social Security Benefit Cut Looming for Seniors – Sent in by RBS. o o o Items from Professor Preponomics: US News 1 Out of 3 American Households Can No Longer Afford Rent, Food, and Transportation (My Budget 360) Excerpt: “People are struggling to get by and while the Fed is obsessed with interest rates, most families are seeing the impact of crony capitalism devastating their wallets.” 1 in 4 Americans 25-54 Not Working (The Weekly Standard) Excerpt: They either became so discouraged that they left the …

Cutting Through Bls Bull – Sent in by B.B. o o o Avoid putting your money in these banks o o o Items from Professor Preponomics: US News 4 Outrageous Examples of Government Waste (Government Waste Fraud and Abuse) Among them, million dollar training retreats. Excerpt: “International Relief and Development collected billions of dollars from the government to help rebuild impoverished and war-torn countries around the world. At the same time, the company also billed over a million dollars to the government for retreats and parties at lavish resorts.” Judicial Watch: Obama Family 2015 Honolulu Christmas Vacation Cost Taxpayers $3,590,313 …

Worst Case Scenario = 73% Down From Here o o o How Mainstream Economic Theories Regularly Miss The Mark o o o Items from Professor Preponomics: Professor Preponomics’ Reading Recommendation Available on Amazon: Basic Economics: A Common Sense Guide to the Economy (5th Edition) by Thomas Sowell US News $10 Mil to End “Diaper Disparity” After Free Diaper Laws Fail Twice in Congress (Judicial Watch) Excerpt: “To get the ball rolling, the administration announced this month that it plans to spend $10 million to “test effective ways to get diapers to families in need and document the health improvements that …

71,777,758 Enrolled in Medicaid and CHIP; Up 14,478,342 Since Obamacare Exchanges Opened; 1 for Every 2 Americans With a Job – B.B. o o o Price Controls May Be On the Way o o o Items from Professor Preponomics: US News California Audit Reveals Pension Debt Grew by 2,000% (Breitbart) Excerpt: “With the addition of the GASB’s required balance sheet adjustments, each of California’s approximately 12.7 million households now is on the hook for about $31,904 in pension obligations.” Study: Big Banks Don’t Have Enough Capital Cushion (Washington Examiner) Excerpt: “In other words, big banks such as Bank of America, …

SILVER vs. GOLD: 2 Must See Charts o o o 23 Percent Of Americans In Their Prime Working Years Are Unemployed – Sent in by B.B. o o o Items from Professor Preponomics: US News Junk Territory: US Corporate Debt Ratings Near 15 Year Low (CNN Money) Excerpt: “In the past four years, S&P has assigned a single-B rating to 75% of companies accessing the debt markets for the first time. That rating is just one notch up from triple-C, a rating given to companies with a high probability of default.” School of Debt: How to Bankrupt Public Education, Chicago-Style …

Opinion: Negative interest rates put the global economy on a razor’s edge o o o Is A Gas War Between The U.S. And Canada About To Start? o o o Items from Professor Preponomics: US News Americans Just Had $176 Million in Wages Garnished by the Government Due to Unpaid Student Loans (Market Watch) Excerpt: “Hicks said he’s particularly concerned that it appears that tens of thousands of borrowers are entering default for the second time each quarter the Department measured.” Uncontrollable – Pentagon and Corporate Contractors Too Big to Audit (Taxpayers for Common Sense) Excerpt: “All $585 billion and …

Items from Mr. Econocobas: Peter Schiff- Two Down Two to Go. Video: Stockman CNBC Interview: Dead Cat Bounce Over, Bury The Cat! Items from Professor Preponomics: US News CCAGW Commends Chairman Hatch for Launching Investigation into Green Energy Grants (Citizens Against Government Waste) Excerpt: “A significant number of the recipients were either demonstrably financially unstable, and therefore too high-risk to receive taxpayer money, or already adequately well-funded by private capital and undeserving of taxpayer largesse.” This story is also being developed by the Wall Street Journal. The following report was posted to Market Watch: Senator Probes $25 Billion in Federal …

Obama’s Final Budget Calls for $2.1 Trillion Tax Hike – B.B. o o o Items from Professor Preponomics: US News Low Oil Prices End 21st Century Gold Rush (USA Today) Excerpt: “Oil and gas companies worldwide have publicly announced plans to cut more than 319,000 jobs since late 2014…. Among them are large companies such as Baker Hughes, Halliburton and Weatherford International that supply services and equipment to drillers.” Houston’s Energy Companies Majorly Downgraded by Moody’s (Houston Business Journal) Excerpt: “The negative outlook reflects the potential for a greater than expected deterioration in credit metrics if the demand for the …

Stuck in the Monetary Mud. All the Fed can do is hope, says Peter Schiff. Sent in by H.L. o o o Fiscal and Monetary Madness. Excerpt: “A world of fiat currencies “managed” by central banks descends into the trap of exponentially increasing debt that leads, slowly or rapidly, toward monetary madness and … Train wreck ahead!” o o o How Oil Can Be Used To Defeat ISIS o o o Youtube: The Central Bankers And Corporations Are Running The Country: John Titus. – Sent in by RBS o o o If your country’s broke, don’t hold all of your …

Reader DSV suggested this: Bagfuls of Pocket Change… Handfuls of Heritage – Shanghai Metals Market. o o o Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash “Gift-Certificate” Money Drop To Young People – G.G. o o o Items from Professor Preponomics: Professor Preponomics’ Reading Recommendation Going for Broke: Deficits, Debt and the Entitlement Crisis by Michael D. Tanner US News Commentary: The GOP and Social Security (Cato) Excerpt: “…Social Security’s unfunded liabilities approach $26 trillion. That’s not because of waste or administrative glitches; it’s because of shifting demographics.” Southern Tennessee Medical Center, LLC to Pay $2.48 Million to Settle False Claims …

Uh oh! The growing economic case for ‘helicopter money’ – P.S. o o o Record Breaking Silver Factors In 2015 Can Make 2016 Quite Interesting o o o ‘Rich Dad’ author says the 2016 market collapse he foresaw in 2002 is coming – G.G. o o o It’s Official: Canadian Bank Depositors Are Now At Risk Of Bail-Ins – G.G. Excerpt: “Earlier today, Canada’s new Liberal government unveiled a stimulus budget meant to revive slumping growth with a surge in infrastructure spending and said it would run a deficit nearly three times larger than promised during last year’s election.” o …