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Debt

Global Economy

How to Profit from the Greek Debt Crisis

The Greek debt crisis is the single-most important thing happening in the markets right now. We've got three scenarios showing how it could affect you…

We've also got three trades you can make today.

Don't wait to make your move. Greece has only about 13 days to go before it runs out of cash. Here's everything you need to know...

Washington

Wasteful Government Spending: "The Book Washington Doesn't Want You to Read"

Unfortunately, wasteful government spending never goes out of style. All the proof you need is right there in the latest "Wastebook" from Sen. Tom Coburn, R-Okla.

This year's edition – Coburn's fifth and sadly his last as he plans to retire at the end of the current Congressional session – contains $25 billion in wasteful government spending.

Here are 14 mind-boggling examples of misused taxpayer dollars from the 2014 Wastebook...

Top News

This Is One of the Biggest Rip-Offs in History – And It Just Met Its Match

I've written and railed about rip-off student financial aid schemes here for years.

And based on all the very personal stories I've received, I know many of you are outraged as well – even more so because of your devastating first-hand experiences.

Make no mistake: For-profit education companies are (more often than not) "rip-off traps" that condemn unsuspecting students into indentured servitude to greedy companies' bottom lines.

Well, there may be a White Knight after all.

To continue reading, please click here...

Top News

Debt Ceiling News Today: What the "Clean" Deal Means for the U.S. Economy

Debt ceiling news 2014: The House of Representative passed a one-year extension to the United States' debt limit on Tuesday evening.

Sen. Majority Leader Harry M. Reid (D-NV) has already said he would pass the bill, although Sen. Ted Cruz (R-TX) may demand a 60-vote threshold on the deal. With U.S. President Barack Obama's signature, the nation would no longer face the threat of defaulting on its debt of $17.2 trillion within the next couple of months.

The deal passed by a narrow vote, 221 to 201, with just 28 Republicans supporting a "clean" extension of the country's borrowing power.

To continue reading, please click here...

Your Money

Time to Buy These "Out of Print" Assets

From the Editor: We've been tracking this threat for years, ever since Keith Fitz-Gerald brought it to your attention back in January 2010. Today, Resources Specialist Peter Krauth weighs in on some recent developments in this story, because three of the commodities he covers can protect you. The Fed can't print these things… Here's Peter.

Central banks may have foolish policies, but central bankers are no dummies.

They know exactly what they're doing. They even comprehend a few of the implications, too.

Which is why it's interesting that some American central bankers have suggested doing away with the debt ceiling altogether.

Famed investor Marc Faber recently said, "The question is not tapering. The question is at what point will they increase the asset purchases to say $150 [billion], $200 [billion], a trillion dollars a month."

Faber expects the Fed's current QE4 to become "QE4-ever."

That could mean years of money printing and ultra-low rates.

Even bond king Bill Gross recently chimed in his latest monthly outlook that "The United States (and global economy) may have to get used to financially repressive – and therefore low policy rates – for decades to come."

Either way, don't depend on the Fed to save you. You can save yourself.

And now you'll need to...

U.S. debt

Will United States Debt Holders Bail on Treasuries?

Since the mid-1990s, China and a host of other foreign governments have quietly acquired one-third of all United States public debt. Foreign holders of United States debt held more than $5.6 trillion in Treasury securities as of August 2013.

But continued debt-ceiling drama in the United States is starting to change that.

Read More…

Washington

Four Things the Debt Ceiling Deal Doesn't Fix

While everyone in Washington right now is patting themselves on the back in the wake of Wednesday's debt ceiling deal, the reality is that it does little to address the nation's deepest budget issues.

True, the Band-Aid agreement will fund the U.S. government through Jan. 15 and lift the debt limit through Feb. 7.

Here are the four biggest issues that Congress ducked out on...

Top News

Debt Ceiling Deal Doesn't Fix This Larger Global Issue with United States

Senate leaders finally hammered out a debt ceiling deal today (Wednesday) that avoided a looming potential debt default. It also reopened the government that has been shut down for more than two weeks.

Investors cheered the news and sent stocks up 205 points, or 1.36%, today.

While a deal solves short-term problems, it's not doing much to help the long-term nightmare.

To continue reading, please click here...

Washington

A Debt Ceiling Deal May Not Stop a Fitch Downgrade

While the markets heaved a sigh of relief today (Wednesday) over a last-minute debt ceiling deal to avert a U.S. default, the threat of a downgrade from Fitch Ratings has not gone away.

Late Tuesday Fitch warned that it would downgrade its U.S. credit rating to "RD," or restricted default, if Congress failed to come up with a debt ceiling deal before the deadline of midnight tonight.

But Fitch added that just any deal isn't going to cut it.

Here's why it could happen and what it would mean...

Top News

The Most Important Numbers to Know Today 

200 Democrats and 19 Republicans support passing a continuing resolution with no strings attached to re-open government, according to a CNN poll of Congress. With three vacancies among 435 Congressmen, 217 votes is the minimum required to pass the measure. Senate claims it's close to a deal, but the question is how House Republicans will react – as the shutdown continues into its fifteenth day.

700% surges were seen in TWTR earlier this month. The zombie stock represents shares of home audio store Tweeter Home Entertainment Group, now traded on the pink sheets, but a one-time strip mall staple of the suburban bass head set. Tweeter went bankrupt in 2007, and shut its doors nationwide through 2008.  But, some overeager investors mistook TWTR to be the hotly-anticipated shares of Twitter, Inc. The stock, which had been trading around one-hundredth of a penny, shot up to nearly $0.05, amid the heaviest volume in seven years. FINRA has since changed the ticker symbol to THEGQ, and shares have settled back down in sub-penny territory. There's no need to worry about picking up shares of Southern gourmet supermarket Harris Teeter, either. Those shares were subsumed by Kroger earlier this summer. As for what to do about Twitter stock – take a look…

all in one place?