A rising wave of property defaults threatens hundreds of US banks
Renters are walking away or taking less space as leases come due. Average office rents have already dropped by 20pc. Yet two-thirds of the leases...
House prices set to plummet for the first time in over a DECADE, claims analyst once dubbed the ‘Oracle of Wall Street’ – as she reveals four states expected to see values decline
House prices set to plummet for the first time in over a DECADE, claims analyst once dubbed the ‘Oracle of Wall Street’ – as she...
Why the Fed will again have to slash rates to zero and relaunch QE
“If rates continue to rise the way that they’ve been rising, eventually there’s going to be a financial accident, eventually something will break,” said JP...
America’s Faustian Pact with runaway debt is coming due
The consequence of that policy error was the long slump of the 2010s, compounded by the even larger policy error of Europe’s Lost Decade. Mistimed...
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
article FILE-Gold bullion bars are pictured after being inspected and polished at refinery in 2020. (Photo by DAVID GRAY/AFP via Getty Images) Ongoing inflationary pressures...
Nearly half of Americans will take on debt this year despite higher borrowing costs: survey
article The American Express Co. logo, along with those of Visa Inc., Discover Financial Services and Mastercard Inc., are displayed in a shop window in...
As inflation soars, one-third of Americans are experiencing financial stress: Survey
What causes inflation? There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation. The hottest inflation in nearly...
Joe Biden is making Americans poorer
Americans are getting poorer by the day, and they can thank President Biden. Too harsh? Not at all. Stock markets are crashing, costing Americans trillions...
Inflation Top Economic Concern for Americans: Gallup Poll
Americans are increasingly concerned about rising inflation, which is at its highest point in almost 40 years, according to a new Gallup poll released March 29. The...