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News & Articles By News Editors
05/08/2017
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By News Editors
The debt-bubble landmine Obama left for Trump
President Trump came in for much jeering when he told reporters he had “inherited a mess” from President Barack Obama. On the economy, though, Obama did indeed leave behind a hidden mess: a seemingly healthy jobs market dependent on cheap debt. (Article by Nicole Gelinas republished from NYPost.com) When this debt bubble bursts, just as […]
05/02/2017
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By News Editors
Of Bunkers, Bankers and Black Swans
And suddenly the storms of early Trumptopia subside, or seem to. The surface of things turns eerily placid as the sweets of May sweep away the toils of an elongated mud season. Somebody stuffed Kim Jong Un back in his bunker with a carton of Kools and the Vin Diesel video library. France appears resigned […]
04/11/2017
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By News Editors
America’s total credit card debt is more than $1 trillion… Shouldn’t we be worried?
According to data from the Federal Reserve, Americans’ credit card debt rose by $3 billion in February 2017 to its highest level since 2008. We all know what happened in 2008, so should we be worried about a surge in delinquencies and defaults? And what can you do if your credit card debt has gotten […]
04/06/2017
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By News Editors
“The stakes couldn’t be higher”: Trump and China’s president Xi discuss finance, global trade at first summit
Today’s China-U.S. summit meeting is an event that could also have enormous implications – in both directions. As Bloomberg’s Richard Breslow notes, one can’t help but be intrigued by the fact that while everyone is looking at the S&P 500, this morning the Shanghai composite traded at its highest level of the year. (Article by […]
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