Economics And Finance
Families Go Deep In Debt To Stay In the Middle Class (#GotBitcoin?)
Wages stalled but costs haven’t, so people increasingly rent or finance what their parents might have owned outright. Families Go Deep In Debt To Stay In the Middle Class (#GotBitcoin?) The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care…
Fed Lowers Interest-Rate To Stimulate Sluggish Economy (#GotBitcoin?)
Global growth, trade uncertainty and low inflation forced turnabout after four rate increases last year. Fed Lowers Interest-Rate To Stimulate Sluggish Economy (#GotBitcoin?) The Federal Reserve reduced its benchmark interest rate by one quarter percentage point. That would mark just the fifth time in the past 25 years that the…
Federal Borrowing Soars As Higher Spending Outpaces Revenue Growth (#GotBitcoin?)
The Treasury expects to sell over $1 trillion in debt this year. Federal Borrowing Soars As Higher Spending Outpaces Revenue Growth (#GotBitcoin?) Borrowing by the federal government is set to top $1 trillion for the second year in a row as higher spending outpaces revenue growth and concern about budget…
Global Manufacturing Recession Weighs On US Economy (#GotBitcoin?)
Companies like Alphabet and Twitter are beating expectations, but investors are pessimistic about the rest of the year. Global Manufacturing Recession Weighs On US Economy (#GotBitcoin?) Corporate profits are proving to be more resilient than expected in the second quarter, nudging the stock market higher this month and distracting from…
Financial Crisis Yields A Generation of Renters (#GotBitcoin)
Many young adults are priced out of the housing market. That could reshape their finances—and the economy—for years to come. Financial Crisis Yields A Generation of Renters (#GotBitcoin) Alex Ruiz, 29 years old, and his wife, Stephanie Johnson, have steady jobs, are setting aside money for retirement and are slowly…
IRS Workers Who Failed To Pay Taxes Got Bonuses (#GotBitcoin)
It’s not difficult to get a bonus if you work for the Internal Revenue Service — even if you haven’t paid your own taxes. IRS Workers Who Failed To Pay Taxes Got Bonuses (#GotBitcoin) The IRS handed out a total of nearly $1.1 million in bonuses in a 27-month period…
Taxpayer Money Finances IRS “Star Trek” Parody (#GotBitcoin)
"Space: The Final Frontier These are the voyagers of the Starship Enterprise. Its never-ending mission is to seek out new tax forms. To explore strange new regulations To boldly go where no government employee has gone before." Taxpayer Money Finances IRS "Star Trek" Parody (#GotBitcoin) Thus begins a six-minute "Star…
Economic Growth Slowed To 2.1% 2nd Quarter vs Trump’s Promised 4,5,Even 6% GDP (#GotBitcoin?)
The U.S. economy slowed but still grew at a solid clip in the second quarter as strong consumer spending offset a drop in business investment, keeping the decade-long expansion on track amid trade tensions and cooling global activity. Economic Growth Slowed To 2.1% 2nd Quarter vs Trump's Promised 4,5,Even 6%…
Falling Real Yields (0.241% ) Signal Worry Over U.S. Economy (#GotBitcoin?)
Decline in yield on 10-year Treasury inflation-protected securities has been especially persistent. Falling Real Yields (0.241% ) Signal Worry Over U.S. Economy (#GotBitcoin?) Yields on U.S. government bonds have fallen broadly this year. But the decline in the yield on one particular type has been especially persistent and is, according…
Donald Trump’s WH Projects $1 Trillion Deficit For 2019 (#GotBitcoin?)
The White House projects that the federal deficit will surpass $1 trillion this year, the only time in the nation's history the deficit has exceeded that level, excluding the four-year period following the Great Recession. Donald Trump's WH Projects $1 Trillion Deficit For 2019 (#GotBitcoin?) "The 2019 deficit has been…
U.S. Home Sales Stumble, As Pricey West Coast Markets Suffer Declines (#DumpTrump)
Existing-home sales, which fell 1.7% in June, have been declining year-over-year for 16 consecutive months. U.S. Home Sales Stumble, As Pricey West Coast Markets Suffer Declines (#DumpTrump) U.S. home sales slumped in June, ending the prime spring selling season with a thud and dimming hopes that lower mortgage rates…
Lower Rates Have A Downside For Bank’s Mortgage-Servicing Rights (#GotBitcoin?)
The value of the right to handle mortgage payments falls at banks including Wells Fargo and JPMorgan Chase as rates decline. Lower Rates Have A Downside For Bank's Mortgage-Servicing Rights (#GotBitcoin?) Lower interest rates generally help banks’ mortgage businesses. Except when they don’t. The value of mortgage-servicing rights, which are…