How Much Income You Need To Afford the Average Home In Every State

The housing market has not only recovered its pre-recession levels, but some observers are actually starting to worry about yet another housing bubble. Housing prices are on...

“This Is The Breaking Point” – Manhattan Home Sales Plunge Most Since 2009

For much of the past year, we've been carefully monitoring developments in the high-end of the world's ritziest property markets - cities like New York,...

The Central Bank Effect: The Best Friend Of The One Percent

When it was created in 1913, the Federal Reserve was supposed to stabilize the US dollar. That was its stated purpose. The reality has proven...

Is Putin Winning The War Of Attrition With The U.S.?

The news that President Donald Trump offered to hold a meeting with his counterpart in the Kremlin, Vladimir Putin, has the political world in an...

China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs

Trump’s aggressive trade war overtures and China's initial retaliatory moves have spooked Wall Street over the past week and again on Monday, which helped drive...

“I Can’t Pay My Bills” – McDonald’s Employees Furious As Company Renegs On Wage...

When the initiative was first announced, McDonald's decision to raise its employees' wages to $1 above minimum wage (albeit only at corporate-owned stores, a...

“There Are Warning Signs Out There” – Bloomberg Stumbles On Catalyst For The Next...

As we've pointed out time and time again, rising consumer-debt levels are one of the most overlooked risks to the US economy, especially as household debt levels...

‘The Gig Economy’ Is The New Term For Serfdom

 65-year-old New York City cab driver from Queens, Nicanor Ochisor, hanged himself in his garage March 16, saying in a note he left behind...

What If All The Cheap Stuff Goes Away?

Nothing stays the same in dynamic systems, and it's inevitable that the current glut of low costs / cheap stuff will give way to...

St. Louis Fed Ironically Concerned That Americans Lack Retirement Savings

In news that should surprise absolutely nobody, the Federal Reserve Bank of St. Louis has recently issued an article written by “a senior economist“ who was...

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