Central Banks Sheepish as Savers Keep Saving
Frightened by an unstable economy and low returns, savers are saving even more and frustrating the plans of central bankers.
Frightened by an unstable economy and low returns, savers are saving even more and frustrating the plans of central bankers.
The US Dept. of Justice wants to extract billions in fines from Deutsche Bank. German taxpayers may then be on the hook for the inevitable bailout.
It is no secret that secret Swiss bank accounts are not so secret anymore, as political elites worldwide wage an all-out war against financial privacy.
Central banks have been on a bond-buying spree. This is good for governments deep in debt. But it is a risky and dangerous policy for the rest of us.
With such low interest rates, shouldn't we be experiencing a boom? The problem is, a solid economy requires much more than just low interest rates.
Once the student loan bubble pops, many colleges — especially private ones — will be in deep trouble.
The bond sell-off of early September 2016 may turn out to be just another blip in the extraordinary bond bull market. But it is too early to tell.
A Wall Street crisis would become a Main Street crisis without quantitative easing, or so the story began in Nov. 2008. Have you seen a recovery?
The cure for the curse of the Federal Reserve and its grand experiment is to install a sound monetary order. The next US president must clean house.
The Fed is busy coming up with new ways to "stimulate" and manipulate the economy.