Showing posts with label interest rates. Show all posts
Showing posts with label interest rates. Show all posts

October 26, 2018


What a bunch of idiots!

fromSovereignMan: FICO decided that they would reinvent the way they calculate the scores– giving a big boost to people with bad credit. People who have a history of not paying their bills will immediately be deemed creditworthy.
Economic Policy: Statism Versus The Free Market

The shocking differences between Google and DuckDuckGo

fromLibertarianNews: Don't be a chump. Don't be tracked and manipulated. Make DuckDuckGo your default web search engine.
Indoctrination and Censorship

Thousands line up for zero-down-payment, subprime mortgages

fromCNBC: Deja Vu. Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to phone bills.
Economic Policy: Statism Versus The Free Market

Brothers face $450,000 in fines for cutting trees on their own property without asking gov’t first

fromTheFreeThoughtProject: For removing invasive trees on their own property, two brothers are being fined a half million dollars because they didn't ask the state for permission first.
The Government is Not Us     Regulation Nation

The NEW social media: alternatives to Facebook, YouTube,Twitter, and other Big Tech platforms

fromActivistPost: You probably won’t find your parents, your best friend from kindergarten, and your Aunt Suzie on these platforms – not yet, anyway. But what you WILL be able to do is speak without fear of censorship.
Indoctrination and Censorship

The public sector pension crisis

fromReason: Will your state pay what its politicians promised? Almost certainly not.
Economic Policy: Statism Versus The Free Market

Two BIG Reasons NOT To Keep Your Cash In The Bank

by Mark Nestmann.     Don't lose your life savings. It’s bad enough depositing your money into a bank account and earning essentially zero interest on it, or in some countries, having a negative interest rate. It’s even worse knowing that once you deposit your money in a bank, it’s not really yours anymore. You have turned over your property to    ... MORE

How The Media Is Lying To You About Economic Recovery

from the Daily Bell.    "The missing piece from the economic recovery has finally materialized. Median household income, adjusted for inflation, is now higher than it was before the recession that began at the end of 2007, according to new data published by Sentier Research." –Yahoo So incomes are rising again. Presumably, this is supposed to mean   ... MORE

Victor Davis Hansen: The Medicine Has Stopped Working

In search of fixes for a fossilized economy.     The U.S. economy grew at an anemic rate of less than 1 percent in the last quarter of 2015. While the unemployment rate has dipped below 5 percent, the all-important labor force participation rate is at a historic low of just 62.7 percent. More than 90 million able-bodied adults are either not   ... MORE

Janet Yellen Fights The Tide Of Falling Interest

by Keith Weiner.     On Wednesday Dec 16, Federal Reserve Chair Janet Yellen announced that the Fed was raising the federal funds rate by 25 basis points. Let’s get one thing out of the way. This is not a move towards free markets. Whether the Fed sets interest lower, or whether it sets interest higher, we still have central planning. We still have price ... MORE

Frank Holmes: Sweden Has Declared War On Cash

Big government paradise.  Among the endangered species in Sweden are the gray wolf, European otter—and cash. Back in June, I shared with you the story of how, in 1661, the Scandinavian monarchy became the first country in the world to issue paper money. (It was an unmitigated disaster, by the way.) Now it might be the first to ban it altogether.   ... MORE

Mike Bird: This Is How A Central Bank Could Kill Off Cash And Bring In Negative Interest Rates On Your Savings

A bank may not be the best place for your money.   Since the financial crisis, the world's understanding of economics has been undergoing a lot of rapid change. Ideas that would have been considered crazy just a decade ago are now seen as much more likely. One of those ideas is that central banks could bring in negative interest rates. ... MORE

Peter Schroeder: Yellen Strongly Opposes Audit Of The Fed

Keeping us peons in the dark.    Janet Yellen made a lengthy case Tuesday against legislation to “Audit the Fed.”   Yellen argued that legislation offered by Sen. Rand Paul (R-Ky.) would make the Fed less effective and, as a result, harm the U.S. economy as well.   “I want to be completely clear that I strongly oppose ‘Audit the Fed,’” she    ... MORE

This Is What An Economy In Free Fall Looks Like

by Rick Moran.      The Russian economy is in free fall as the ruble has lost half it's value during the dizzying slide in oil prices. Last Tuesday, the ruble tumbled 10% - a follow up to Monday's 10% slide.This precipitated panic buying in the stores as Russian consumers, fearing their rubles will only become less valuable in the near term, crowded retail       ... MORE

Thomas Sowell: Predatory Journalism

Exploiting the ignorant.  The New York Times is again on the warpath against what it calls "predatory lending." Just what is predatory lending? It is lending that charges a higher interest rate than people like those at the New York Times approve of. According to such thinking — or lack of thinking — the answer is to have the government set an interest  ... MORE

Jack Kelly: Our Economy Is About To Implode

"Beware the Ides of March,”           the soothsayer warned in Shakespeare’s play “Julius Caesar.” A Roman religious holiday, the Ides (15th) of March was the day on which Roman consuls assumed office — and the day Caesar was assassinated. For the United States, and the world economy, the Ides will be around March 4 this year, predicted    ... MORE

Bruce Walker: The Federal Reserve's Century Of Failure

Why no centennial celebration?       December 23, 2013 marks the centennial of a disastrous transformation of the American Republic.  On December 23, 1913, the Federal Reserve System was created. Woodrow Wilson believed that central planning could make America better.  His informal deputy, Colonel House (who was not really a colonel    ... MORE