Economics And Finance

Trump Criticizes Danish Prime Minister for Rejecting Greenland Sale (#GotBitcoin?)

Frederiksen called idea ‘absurd’; president calls her comment ‘nasty’. Trump Criticizes Danish Prime Minister for Rejecting Greenland Sale (#GotBitcoin?) President Trump on Wednesday criticized Denmark’s prime minister and accused her of “blowing off the U.S.,” a day after he canceled a scheduled trip to Denmark because she rejected possible talks…

Bond Yields Sink To New Lows And Federal Deficits Skyrocket As Bitcoin Slumps

Yields Plumb New Lows, but ‘Century Bonds’ Remain Scarce.  Bond Yields Sink To New Lows And Federal Deficits Skyrocket As Bitcoin Slumps In the U.S., yields aren’t negative, yet. But 30-year government bond yields this month fell below 2% for the first time, prompting the Treasury Department to express interest…

What Are YOU Doing NOW To Prepare For The Incoming Recession? (#GotBitcoin?)

Federal Reserve See Few Options If Slowdown Hits. What Are YOU Doing NOW To Prepare For The Incoming Recession? (#GotBitcoin?) Amid debate over whether the U.S. is going into an economic downturn, there are few good options to deal with one if it happens. After debating for days whether the…

Trump And Republicans Will Have Zero Chance of Re-election During Coming Recession

Lawrence H. Summers, a former treasury secretary and National Economic Council director who helped lead the Obama administration’s efforts to end the Great Recession a decade ago, said no president is immune to a recession and the government ought always to be planning for and guarding against one. Trump And…

Ultimate Guide For Cryptocurrency Tax Resources (#GotBitcoin)

Tax specialists warn those who aren’t in compliance with rules to act quickly to avoid more woes. The Internal Revenue Service is on the war path against Americans who haven’t reported income from cryptocurrencies like bitcoin. The Ultimate Guide For Cryptocurrency Tax-Related Matters (#GotBitcoin)   Related: Service Reduces IRS Phone…

Despite Reprieve, New Tariffs Will Hit Wide Range of Consumer Goods (#GotBitcoin?)

Levies of 10% on some apparel, electronics, watches and sporting goods from China start Sept. 1, followed by smartphones, laptops and toys Dec. 15. Despite Reprieve, New Tariffs Will Hit Wide Range of Consumer Goods (#GotBitcoin?) President Trump may have scaled back tariffs on Chinese goods to spare holiday shoppers,…

As Global Order Crumbles, Risks of Recession Grows (#GotBitcoin?)

Investors and business cope with new normal of resurgent nationalism, retreating globalization. As Global Order Crumbles, Risks of Recession Grow (#GotBitcoin?) When assumptions about how the world works are shattered, a global downturn is often the result. The world learned in the early 1970s that the era of cheap oil…

Fannie And Freddie Lower Standards For Mortgages Leading To Major Foreclosures (#GotBitcoin?)

Housing-finance regulator aims to shake-up credit scores for mortgages. Fannie And Freddie Lower Standards For Mortgages Leading To Major Foreclosures (#GotBitcoin?) One firm’s dominance over the credit scores used to vet many U.S. mortgages is getting a shake-up. Fannie Mae and Freddie Mac , two mortgage-finance firms that back nearly…

U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak

One factor could be homeowners tapping into home equity for cash when they refinance. U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak (#GotBitcoin?) U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded. Mortgage balances rose by $162 billion in the…

U.S. Stocks & Treasuries Flash Recession/Depression #GotBitcoin?

The yield on the U.S. 30-year Treasury note touches a record low! U.S. Stocks AND Treasuries Flash Recession/Depression Warning Signal (#GotBitcoin?) I’ve seen these cycles before and this one is going to leave a scar. People, make (if you haven’t by now) preparations for a long, drawn-out down-turn.   U.S.…

The Federal Minimum Wage Doesn’t Really Matter Anymore (#GotBitcoin?)

Only a tiny share of civilian workers are paid at that rate. The Federal Minimum Wage Doesn’t Really Matter Anymore (#GotBitcoin?) The federal minimum wage is poised to become an irrelevant labor policy. The national pay floor of $7.25 an hour hasn’t been adjusted for a decade, the longest it…

Once-Unpopular Carbon Credits Emerge As One Of The World’s Best Investments (#GotBitcoin?)

Heat wave in Europe drives carbon-credit prices to near record high. Once-Unpopular Carbon Credits Emerge As One Of The World’s Best Investments (#GotBitcoin?) Carbon-emission credits, long shunned by traders, are now one of the world’s best-performing investments. The price of the credits, doled out by governments in Europe to polluting…