It should come as no surprise that Social Security is in dire financial shape. The scheme was flawed from its inception, working as a transfer payment system that took money from workers to provide payments to the first recipients of Social Security benefits.
The combined profits of the ten largest banks in the United States have now reached levels not seen since 2007. They are now within striking distance of...
Venezuela is currently in the midst of a horrible hyperinflationary crisis. Years of government mismanagement of the economy have resulted in a situation in which basic necessities and foodstuffs are almost impossible to...
Recently-published data has shown that surging rent is taking a larger and larger chunk of Americans’ paychecks. That, in turn, is reducing the amount of money that Americans spend on other goods and services, dampening consumer spending and impacting the economy...
The trial of Martin Shkreli has been capturing headlines for the past few weeks. The infamous “Pharma Bro” first made waves in 2015 when his company, Turing Pharmaceuticals, attained the rights to the drug Daraprim, hiking its price from $13.50 per pill to $750 per pill...
In another sign of a returning bubble, mortgage lenders Fannie Mae and Freddie Mac are going to start loosening their lending standards, allowing borrowers to spend up to half of their pretax income on mortgages.
One of the common worries that all retirees have is whether their retirement savings will last until they die. There’s perhaps no greater fear than
The Federal Reserve last week published the minutes from its most recent Federal Open Market Committee (FOMC) meeting. That gives a better
The average length of auto loans in the United States is longer now than ever before. That’s a worrying sign that American households
Perceiving economic bubbles can often be more an art than a science. The first step towards discovering the existence of a bubble is...