The best-case scenario is those who love their “great city” will accept the daunting reality that even greatness can go bankrupt.
Rather than right the ship, the “easy fix” is to distribute “free money”–not just to billionaires and corporations but to everyone.
The economic carnage brought about by the Covid-19 pandemic has led to investors hedging against the ongoing volatility and that has driven the price of gold to record levels. In August, the price per ounce surpassed $2,000 for the first time ever. Pol…
When things turn sour for the U.S. economy, the country’s trade deficit, i.e. the difference between exports and imports, usually narrows. As consumer spending goes down during economic downturns, so do imports of goods directly or indirectly targeted …
Ahead of tonight’s first election debate against Joe Biden, President Trump is reeling from a bombshell New York Times report detailing his chronic financial losses and years of tax avoidance. The investigation found that Trump paid $750 in taxes in 20…
Following the coronavirus pandemic and a nationwide recession in Japan, exports of Japanese-made cars halved in April and reached a low of about 168,000, before recovering slightly in June in July. Sales within Japan fell equally from a high 485,000 in…
World Tourism Day is commemorated each year on September 27 to “foster awareness among the international community of the importance of tourism and its social, cultural, political and economic value.” While this year’s edition of World Tourism Day was …
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The heretical truth is that many of the “consumption rituals” that signified “prosperity” for decades are either meaningless, unaffordable or require way more effort than the meager payoff is worth.
Current conditions in the U.S. labor markets are worse than those encountered at the worst points of any recession since 1983