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Even with the Fed expected to raise rates in December, Americans kept the housing bubble chugging with record numbers in November

While most Americans only give a modest care to the rate of interest they pay for their mortgages since the current rates are at or near historic lows, three rate hikes in 2017 by the central bank has done little to cooldown the housing bubble the Fed helped regenerate over the past eight years. In fact with the November numbers out for new home sales crushing expectations to the point that November saw the ...

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As Trump isolates the U.S. with his recent ‘economic aggression’ policy, Russia believes China will soon takeover as number one economy

With nearly a full year under his belt, President Donald Trump has done alot to try to stimulate economic conditions on the home front through the removal of stifling regulations and the passage of a new tax reform act.  However what he has failed to do so far is lower the nation's trade deficit, and in fact from his recent policy speech on national security, Trump is alienating trade partners by calling th ...

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Could the millennial trend of quality over price lead to more fast food restaurants like Subway to become a dying brand?

One of the biggest trends of 2017 has been the onslaught of dying brick and mortar retail stores, with an estimated 7000 to be closed by the end of this year.  But along with this of course are declines in dining out, as seen by the bankruptcy of chains such as the Ignite Restaurant Group which was part of a total 1500 chain restaurant stores to close this year. And sadly, the majority of those restaurant c ...

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Even before passage of tax reform bill, it appears holiday spending will be up due to Americans hitting big on the credit card

While consumer confidence most likely took a big jump after Wednesday's passage of the new Tax Reform and Jobs Act, it appears that Americans were feeling pretty good already about the future as seen in what is likely to be a very good holiday shopping season when all is said and done.  However there is one big caveat to this, as most of the spending has been on credit, which continues the trend over the pa ...

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FDIC closes down eighth bank of 2017 in shuttering one from the city of Chicago

On Dec. 15, the FDIC closed down their eighth bank of 2017 as Washington Federal Bank for Savings shuttered its doors.  This institution is the first bank failure for the month of December, and it is also the first bank closure in the last two months. 12/15/2017 *** Illinous *** Chicago *** Washington Federal Bank for Savings  *** $60.5 million dollar estimated FDIC DIF cost. The total DIF for failed banks ...

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Wall Street’s greed, and the Federal government’s corruption have left the U.S.’s infrastructure over 60 years outdated

Not taking into consideration the shipping of America's industry and production offshore, the other biggest thing hanging over any potential economic growth is the nation's dilapidated infrastructure.  And with Wall Street corporations not even interested in producing anything of value, but simply making money off making money through their financialization of everything, when you couple this with the Feder ...

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Financial establishment gets its wish as Mom and Pop investors erase memories of 2008 and are back to all in the stock market

Just as most of the public has repressed events from 16 years ago when terrorists attacked and laid waste to the World Trade Centers back on 9/11, so too it appears they have forgotten what took place in their portfolios following the 2008 financial crash.  This is because nearly 10 years after 'promising' never to touch the stock markets again after their wealth and retirement accounts were downsized betwe ...

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Potential nominee to become a Fed governor wants to abolish cash and institute negative interest rates during next crisis

While President Trump prepares to fill numerous more positions at the central bank beyond those of Fed Chairman and Vice-Chairman, one of his potential nominees for a seat as a Fed Governor is an interesting anomaly.  First Marvin Goodfriend would be a departure from the last eight to seventeen years of Fed intervention in the markets outside of a full blown crisis, but on the other hand if a crisis should ...

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Following last week’s coup to oust Zimbabwe’s Mugabi, Venezuelan President Maduro tries desperate move with new sovereign cryptocurrency

As Zimbabwe began moving into its newest round of monetary hyperinflation, the government finally decided to step in last week and force out the long reigning dictator Robert Mugabi.  And with Venezuela also residing in a state of hyperinflation and imminent insolvency, President Maduro appears to be trying one last desperate act to stay in power by announcing on Dec. 3 plans to create a sovereign cryptocur ...

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Millennials are not only expected to make less than their parents, but also never have a chance to retire

Thanks to an economy that has seen wage stagnation for more than a decade, and a debt load unheard of by individuals before the age of 25 thanks to their student loan obligations, a new study within the financial industry asserts that not only will millennials be the first generation not to exceed the previous one economically, but also that they should expect to never be able to retire. Perhaps then it sho ...

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Fed is fighting the last war and incapable of dealing with coming collapse that could be six times greater than 2008

According to economist Jim Rickards, the global financial system could very easily see a meltdown six times greater than what took place in 2008, and where central banks today would be incapable of handling such a collapse.  And One of the primary reasons for this according to Rickards is that the Fed, along with other central banks, are 'fighting the last war'. In a famous documentary about World War I, hi ...

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A tale of two ‘cities’ American style

On Black Friday (Nov. 24), Amazon stock shot up during the day's market trading session which allowed CEO Jeff Bezos to become the first American to be worth over $100 billion... at least on paper.  And when you couple his wealth with the other two richest men in the U.S., their combined riches are greater than the total accumulated wealth of the bottom 50%. However the rapid increase in wealth for these me ...

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