Category Archives: Financial

29 Percent Of All U.S. Adults Under The Age Of 35 Are Living With Their Parents

By Michael Snyder Why are so many young adults in America living with their parents?  According to a stunning Gallup survey that was recently released, nearly three out of every ten adults in the United States under the age of 35 are … Continue reading

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CBO report: Minimum wage hike to cost 500K jobs, boost income

President Obama’s proposal to raise the minimum wage to $10.10 per hour would cost 500,000 jobs in 2016, according to a report released Tuesday by the nonpartisan Congressional Budget Office. The report also found hiking the wage from $7.25 per … Continue reading

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Darker U.S. homebuilder mood not just due to bad weather

A plunge in U.S. homebuilder confidence reported on Tuesday reflects a range of problems facing the construction industry seven years after the housing crash, challenges that go deeper than the severe winter weather blamed for much of the gloom. The National Association … Continue reading

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Two Ways the Bitcoin “Crackdown” Could End

FREEMANSPERSPECTIVE I read a story recently about a group of dandies who want to “help regulate Bitcoin, for its own good.” The thing about these guys is that they don’t really care about Bitcoin as a beautiful, disruptive technology or … Continue reading

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Does The Trail Of Dead Bankers Lead Somewhere?

by Michael Snyder What are we to make of this sudden rash of banker suicides?  Does this trail of dead bankers lead somewhere?  Or could it be just a coincidence that so many bankers have died in such close proximity?  … Continue reading

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Capital One Takes Credit to a Whole New Level

Credit card issuer Capital One isn’t shy about getting into customers’ faces. The company recently sent a contract update to cardholders that makes clear it can drop by any time it pleases. The update specifies that “we may contact you … Continue reading

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+106%: Obama Has More Than Doubled Marketable U.S. Debt

The marketable debt of the U.S. government has more than doubled–climbing by 106 percent–while President Barack Obama has been in office, increasing from $5,749,916,000,000 at the end of January 2009 to $11,825,322,000,000 at the end of January 2014, according to … Continue reading

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Second JPMorgan Banker Jumps To His Death: Said To Be 33 Year Old Hong Kong FX Trader

The banker suicide wave that started in late January has now become an epidemic, and it seems to be focusing on one bank: JP Morgan. After the first suicide that took place in JPM’s London headquarters, ending the life of 39 … Continue reading

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Bank Of America Warns “The US Dollar Is In Trouble”

Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML’s Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US … Continue reading

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“Money Launderer Until Proven Innocent” – Italy Imposes 20% Tax Withholding On All Inbound Money Transfers

While the propaganda surrounding Europe’s “recovery” has reached deafening levels, what is going on behind the scenes is quite the opposite, and in the latest example that Europe is increasingly formalizing a regime of implicit capital controls, we learn that … Continue reading

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Unlimited Spending = Complete Submission

There was never any doubt that the pResident would sign the legislation removing the debt ceiling. Notice the title of the article below from “The Hill”: Obama signs clean debt hike. Let’s be absolutely clear: this was not a “hike” … Continue reading

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Doug Hagmann: Exposing what lies beneath the bodies of dead bankers and what lies ahead for us

I feel that this is one of the most important investigations I’ve ever done. If my findings are correct, each of us might soon experience a severe, if not crippling blow to our personal finances, the confiscation of any wealth … Continue reading

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Loss at Volkswagen plant upends union’s plan for U.S. South

In a stinging defeat that could accelerate the decades-long decline of the United Auto Workers, Volkswagen AG workers voted against union representation at a Chattanooga, Tennessee plant, which had been seen as organized labor’s best chance to expand in the … Continue reading

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Gold Extends Rally Above $1,300 as Investors Boost Metal Holding

Gold headed for the biggest weekly advance since August as U.S. economic data that trailed estimates increased haven demand, with holdings in the biggest exchange-traded product expanding to an almost two-month high. Silver was set for the longest rally since … Continue reading

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Santelli Slams The “Self-Sustaining Recovery” Myth

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