
With more than $1 trillion in loans outstanding, the auto loan market is booming. Experian estimates that subprime loans represent $205 billion and $388 billion of that total.
By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
With more than $1 trillion in loans outstanding, the auto loan market is booming. Experian estimates that subprime loans represent $205 billion and $388 billion of that total.
By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
With more than $1 trillion in loans outstanding, the auto loan market is booming. Experian estimates that subprime loans represent $205 billion and $388 billion of that total.
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
Empires have come and gone. Some lasted a blink of an eye and some millennia.
The question is, after 9/11, the rise of China and a great financial crisis, where does the U.S. empire stack up to its predecessors?
Well, it seems the one commonality they all have is the point when their might was undermined by sloth and greed. And entitlements: free bread and circuses. For some it took years, others centuries.
Here, in a compelling and unique address, is what Romulus Augustus, the last emperor of the Roman Empire, might say to President Obama now about how to keep America great.
Read on and share with family and friends...
By , Money Morning -
How much do you spend on your summer vacation? American households usually spend about $1,200 per person on summer vacations, according to a recent American Express survey.
Presidents spend more on their vacations than you or I. They have to. Air Force One and security does cost more than loading the Honda and heading to the beach.
Here's how much some recent presidents spent our tax dollars on vacation.
Ronald Reagan spent most of his free time at his California ranch. Taxpayers covered the cost of approximately $8 million for presidential travel during Reagan's first six years in office, according to the Los Angeles Times. That amounts to $1.3 million a year.
For George Bush the cost of flying Air Force One to his Texas ranch was approximately $56,800 per trip, for each of the 180 trips according to Media Matters. President Bush spent Christmas during his two terms at the White House so his staff and secret service could spend the holiday with their family, according to Conservative Byte.
Now Obama plans to blow away all previous presidents' leisure travel costs on our dime with a better than Disney World extravaganza trip to Africa.
However Obama had to cancel the safari because of the need to fill the surrounding jungle with snipers to guard the president from wild animals!
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By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
Nobel Prize-winning economist and New York Times columnist Dr. Paul Krugman is at it again. He claimed earlier this week that fixing the deficit is important, but added that "doing it now would be disastrous." He also observed that the 10-year U.S. debt situation isn't really all that bad.
I don’t know how he can make that argument with a straight face.
For five years now, Dr. Krugman has argued that increasing U.S. government spending is vital to our nation's recovery. And for five years he's been dead wrong.
Dr. Krugman claims that "we" just haven't spent enough money... yet.
Here's why that makes him very dangerous...
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
Behind the scenes of the Fiscal Cliff debate, there was plenty of f-bombing, poison pilling, and grandstanding leading up to the deal - and that was before the members of Congress and the Senate actually got serious with their usual ultimatums, followed by earnest- looking sound bites and posturing. But what gets me really riled up is the amount of "pork" contained in the bill...
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
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By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
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By , Money Morning -
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By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
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By , Money Morning -
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By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
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By Kerri Shannon, Associate Editor, Money Morning -
By Kerri Shannon, Associate Editor, Money Morning -