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The Census Bureau has released new data that strengthens the case for calling the current generation of American children "The Welfare Generation."
Regional lenders would be either entirely released from certain capital and liquidity requirements, or see those requirements reduced. They could also, in some cases, be subject to less frequent stress tests.
Lance and I did four video segments today. We discuss the Fed, the US, Europe, and other topics
Economic guru, Peter Schiff doesn't mince words when he declared the precarious state the United States economy has found itself in. Schiff says "the truth is we don't have a booming economy," and he's not the only one who has noticed.
A memorandum leaked from within the British government gives a taste of a possible finale to the Brexit drama: Prime Minister Theresa May hails a deal in just over 10 days, supporters cheer as arranged, and the pact is put to a vote in parliament on
With purchase applications tumbling alongside the collapse in refinancings, the headline mortgage application data slumped to its lowest level since September 2000 last week.
For once the pollsters were - generally - right, and while there was no blue wave, Democrats did win the House majority as most predicted, as Republicans not only kept the Senate majority but gained a few additional seats. The outcome, which had been
We're in one of the longest economic expansion cycles in history and nobody's happy. It's mind blowing. You'd think 2018 would have people dancing in the streets. 3.7% unemployment, record stock market prices. Well the ladder until recently t
Bond yields jumped on Friday in response to a strong jobs report. Mortgage rates went along for the ride.
Three years after quitting his job at Jeffrey Tannenbaum's Fir Tree Partners and starting his own hedge fund, 39-year-old Adam Schwartz believes he has found the next big short.
A former student of mine has made a generous contribution to fund the Walter E. Block Scholarship at the level of $25,000 each year. Several students interested in studying the economics of free enterprise who enroll at Loyola can benefit. These fund
Stock buybacks may be back as blackout session ends, but suddenly companies' appetite to repurchase their own shares appears to be slowing sharply.
In a time when underperforming hedge funds - that would be most of them - are doubling down in hopes of undoing recent losses and catching up to the S&P, and avoiding a flood of redemption requests, one fund decided to take money off the table.
The "public pension crisis" is the kind of subject that's easy to over-analyze, in part because there are so many different examples of bad behavior out there and in part because the aggregate damage these entities will do when they start blowi
Politicians have totally and completely misunderstood the trends within the global economy and as a result, they are actually creating one of the worst economic debacles in history.
'Not everything is coming up perfectly roses,' says one housing-watcher
Here's a portion of the prelude to the opinions. I was one of those quoted.
We've been pretty lucky over the last ten years in terms of inflation, which has remained at about 2%. However, if the Wall Street Journal is correct, our luck is about to run out.
Treasury Secretary Steven Mnuchin is about to surpass Timothy Geithner's achievement of selling a record amount of notes and bonds as he seeks to finance America's soaring budget deficit.
Manager, Turmoil Is "New Normal"...For nearly a decade stocks enjoyed an environment of unprecedented bullishness, where good news was good news, and bad news was even better as it suggested central bank intervention via monetary stimulus, boosting
Host:
Ernest Hancock
James Corbett (The Corbett Report) on a variety of world news headlines - Charles Goyette (Author, Commentator) comes in studio to provide an update on the economy
While some famous activist investors have experienced hedge fund horror over the last year, and most hedge funds have sharply underperformed their investors' expectations...
It may not have been the craziest headline that the Trump whirlwind has generated in recent months, but you might have seen it amidst all the Stormy Kavanaghs out there: Trump says Fed is his 'biggest threat' because it is raising rates too fast
Presumably this survey was taken before the last few days of carnage in FANG stocks.
The U.S. Treasury Department said government borrowing this year will more than double from 2017 to $1.34 trillion as the Trump administration finances a rising budget deficit.
$5.1 Trillion Financial Time Bomb Proves the Dow Will Fall 70%
Even without changes to the current spending policy, the government's spending is on an unsustainable path.
Will we someday look back on October 2018 as the turning point? As the month began, people were generally feeling pretty good about things, and the U.S. stock market quickly set a new all-time high.
As the housing market stagnates, American homeowners are staying put for the longest stretches ever
Tell me this isn't crazy– A few days ago the creator of the most famous consumer 'credit score' in the United States announced a major overhaul in how it rates borrowers.
