Mike's Daily Comment
As each of the seven largest credit-card issuers in the US reported a troubling jump in default rates to levels not seen in the better part of a decade, we noted last week that relaxed lending standards combined with ‘Non-GAAP’ FICO scores suggest that the American consumer is in far worse shape than many had realized – which could seriously threaten stability during the next recession (if the Fed ever allows one to happen)….CLICK for complete article
If the wholesale price of oil is the same, what is the cause of such high prices in the lower mainland?
Apocalypse Later – ““Some day this war on investors is gonna end….”
Danielle DiMartino Booth is the publisher of the acclaimed weekly Money Strong Investing Newsletter, CEO of Quill Intelligence and best-selling author of Fed Up: An Behind the Scenes Firsthand Look at the Federal Reserve. A veteran of Wall St and the Central Banks she is recognized as one of the top voices on economics and finance.Listen to this first-ever interview on MoneyTalks with guests host Victor Adair and Drew Zimmerman. Plus much more!
16 and 17 year olds aren’t tried in adult court because it’s assumed they’re not yet capable of making adult decisions. They can’t buy marijuana because the research shows their brains aren’t fully developed – but we have plenty on the progressive left who want to give them the vote.
Federal Reserve Interest Rates
Posted by MT Editor
on Thursday, 9 May 2019 10:24
Misguided economic policies, and playing a game of “chicken” with regard to trade negotiations between the US and China.