marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
debt bomb
05/10/2024
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By News Editors
Drowning in debt: The paralysis at the heart of the US fiscal crisis
It can appear puzzling why at certain times in history a government facing a looming crisis simply does not address it. The problems accumulate in plain view while little is done to actually solve them. The human imagination being what it is, this inaction is inevitably attributed to some mix of corruption, malfeasance, and incompetence. […]
05/10/2024
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By Ramon Tomey
Creditors pressure Ukraine to PAY UP on its loans
Two years after Russia’s special military operation in Ukraine, a group of creditors are now demanding that Kyiv pay up on its loans as early as 2025. According to the Wall Street Journal (WSJ), the group includes investment giants BlackRock and Pimco. The creditors reportedly granted Kyiv a two-year debt holiday in 2022, betting at […]
05/07/2024
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By Laura Harris
High unemployment rates, high taxes and population exodus pushing Illinois to the brink of collapse
The Democrat-controlled state of Illinois continues to struggle with high unemployment rates, a burdensome tax system and a population exodus, leading to a diminished tax base, higher budget deficits and skyrocketing pension debt. According to data from the Illinois Department of Employment Security, Illinois ranked fifth-highest in unemployment rates among states in March, with a rate of […]
05/06/2024
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By News Editors
Our deer in the headlights moment: The “worst market crash since 1929” is rapidly approaching and the Fed doesn’t know which way to go
The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic just bit the dust, and literally thousands […]
05/01/2024
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By Cassie B.
Florida home prices stagnate as housing supply surges
Florida is considered one of the most desirable places to live in the nation, with its warm weather, low taxes and largely conservative state government attracting many Americans who were looking to flee ultra-liberal states during the pandemic. Although home values rose as people headed for the Sunshine State in droves a few years ago, […]
04/30/2024
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By Laura Harris
REPORT: 29% of Americans earn above the poverty line but still LESS than what they need to comfortably get by
Nearly 40 million families, or 29 percent of the total American population, are earning above the poverty line but less than what they need to get by. This is according to data from the nonprofit United Way, which described these 29 percent of Americans as falling in the category of ALICE, or Asset Limited, Income Constrained […]
04/30/2024
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By Laura Harris
SHORT CIRCUIT: Ford’s electric vehicle unit lost $1.3 BILLION in first quarter of 2024
Ford Motor Company has reported $1.3 billion in losses on its Model E sector or a staggering $132,000 loss for each of the 10,000 vehicles sold during the first quarter of 2024. The electric vehicle (EV) unit, known as Model E, saw a 20 percent decrease in sales compared to 2023, with only 10,000 EVs sold in the first […]
04/29/2024
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By Laura Harris
Housing costs soar by 5.2% due to rising mortgage rates and low housing supply
A new report from real estate company Redfin warns that the cost of buying a house in the United States has increased by 5.2 percent due to rising mortgage rates, soaring home prices and persistently low housing supply. According to the report, the median home price in the U.S. is now at $380,250, which is just $3,095 shy […]
04/23/2024
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By News Editors
Why the U.S. debt is unsustainable and is destroying the middle class
In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”. (Article by Daniel Lacalle republished from Mises.org) There is […]
04/19/2024
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By Ava Grace
Biden administration “forgives” another $7.4 billion in student debt for 277,000 borrowers, effectively transferring that debt to U.S. taxpayers
The administration of President Joe Biden has announced another significant debt relief plan that supposedly cancels $7.4 billion of debt for 277,000 student loan holders. According to a statement released by the White House, the cancellation is part of a broader effort by Biden to address the financial burdens of education, which he highlighted earlier in […]
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