Mrs Yellen is about to speak which normally has an instant effect on markets and currencies, but lately not everything the Fed has had to say has caused any kind of reaction. 800 more words
On Sept. 30, the end of fiscal year 2016, the national debt is projected to reach $19.3 trillion.
With spending on the four biggest budget items — Medicare, Medicaid, Social Security, defense — rising, and GDP growing at 1 percent, future deficits will exceed this year’s projected $600 billion. 157 more words
Happy New Week and I thought I’d start with a look at what could the beginning of a worrying problem.
The murky balance sheets of China’s banks have long spurred fears of an impending crisis, but the clean-up may already be proceeding apace, UBS said. 582 more words
Republican presidential nominee also proposed allowing parents to fully deduct the average cost of childcare from their taxable income in a Detroit speech In an attempt to reset a campaign recently flogged by a series of controversies, Donald Trump outlined an economic vision for the US,
This week’s crude oil inventories data revealed that commercial firms added 1.4mil barrels of oil to their inventories. Although it let down the consensus of -1.6mil barrels, this shows sign of a slowdown in crude oil production when compared to previous change of 1.7mil barrels. 165 more words
There is one thing that Republicans should be in complete agreement on with Hillary Clinton: President Obama doesn’t get enough credit for the economy.
The Democrats, with the assistance of an obliging press, have been so good at promulgating the myth that the economy is a success story that they are bragging about what is, in fact, Obama’s most epic failure. 167 more words