A new method of taking private sector wealth has been spreading around the world this year. This mechanism is called a "bail in", and it is based on the premise that there are certain entities which are too important for the well-being of the general public to allow them to go into bankruptcy or to be liquidated.
CNBC personality Rick Santelli shares some thoughts about raising the debt ceiling that were offered up on Capitol Hill back in March 2006 by a freshman Senator from Illinois.
One of the “casualties” of the federal government shutdown is the suspension of official federal government statistics measuring the performance of the U.S. economy.
What's driven the ups and downs of the stock market over the last few years, you ask? Greg Weldon explains in his recent interview with Financial Sense Newshour that it all comes down to the Fed's balance sheet. To be exact, the two have a correlation (using the S&P 500) of nearly 90%!
Here is the politicos' government shutdown game in a nutshell: inflict maximum pain on the rest of us to score cheap points with partisans.
As a long time watcher of Social Security I was shocked (yes, shocked) at the recent Congressional Budget Office (CBO) report on America’s largest entitlement program. CBO concluded that the long term outlook for SS deteriorated substantially over the last twelve months.