U.S. Economy

Economic Data

Will Subprime Credit Card Loans Fuel the Next Great Recession?

Will subprime credit card loans fuel the next Great Recession?

If big banks keep giving cards to low-credit borrowers, the answer could be an astounding "yes"...

Global Markets

World Stock Markets, Gold Higher; U.S. Inflation Data On Deck

Global stock markets were mostly higher Tuesday, ahead of a key U.S. inflation report due out shortly. The U.S. consumer price index for September is forecasted to rise by 0.3%, year-on-year. U.S. stock indexes are pointed toward higher openings when the New York day session begins.

World bond markets stabilized Tuesday after those markets in Asia and Europe were under pressure Monday.

the Fed

Capitalism Might Not Survive the Fed's Next "Big Idea"

At the Fed's Jackson Hole symposium last month, there were strong hints from Fed Chair Janet Yellen and Vice Chair Stanley Fischer that they want to raise rates in the near future, but they have broken such promises before.

Those broken promises are likely what lead investors to continue their staggering complacency, and they missed some very disturbing noises about the Fed's plans to deal with the next recession.

These plans are unconstitutional and dangerous, but they're only the next step in a quiet revolution that's already being waged by central banks worldwide.

Credulous, complacent investors put themselves at risk of catastrophic losses as this "revolution" moves further along toward its only logical conclusion…

The wholesale destruction of free markets – and the wealth that people have parked there…

But it's the Fed's most recent move that could destroy everything. Here's the best move you can make in this environment to protect your money...

The Fed

What Janet Yellen Must Know but Can't Say

Janet Yellen's remarks at Jackson Hole were billed as "one of the single most important speeches" she'd give all year.

But traders largely shrugged off her words. That's because they already know the answer to the one question no politician dares to ask...

Global Markets

Fed's Fischer Says Negative Interest Rates "Seem to Work" – He Is Completely Wrong

Negative interest rates seem to be working, according to Fed Vice Chair Stanley Fischer.

With decades of financial experience, one would assume the Fed vice chair would know what he's talking about.

But are negative interest rates really working? Here's everything you need to know...

Wall Street

You Can Become a Goldman Sachs Partner for Just One Dollar (Here's Why You Shouldn't)

Starting now, you can partner with Goldman Sachs for $1.

Here's how this retail banking venture will work - and why you should deposit your money with caution...


Philippines: China Will Be the "Loser" in South China Sea

The South China Sea dispute got even more heated…

The Philippines' foreign minister just issued a bold warning to China if it ignores The Hague ruling.

Here's what he had to say...

Economic Data

11 Reasons Why Everyone Wants to Move to Texas

The Lone Star State is home to 26.9 million residents – as well as low unemployment rates, barrelsful of crude oil, and a bustling tech sector.

Those are just a few reasons why so many people want to move to Texas.

Here are nine more...

The Fed

Burying Our Future at Jackson Hole

Fed Chair Janet Yellen is set to speak in Jackson Hole, Wyoming, today.

When she does, she'll say one thing - but this is what she really means...


What Country Has the Most Gold Reserves Now?

The gold-buying at some central banks has accelerated in recent years, prompting the question, "What country has the most gold reserves now?"

The concentration of gold among the top 15 countries is startling. This small group holds 83.2% of the world's gold reserves.

But some central banks have been boosting their gold reserves at a breakneck pace.

Here are the countries buying the most - and why...