Tag: Bad Debt
How Trump’s ‘Right-Hand Man’ Drove Sears Into the Ground
As the Dow seesaws, the major casualty this past week has been Sears. Here’s how financial hustling contributed to the company’s collapse.
$1.4 Million…Right Down into the Drain
The value of our money is disappearing before our eyes. Ironically, it’s the enigmatic British artist Banksy who personifies this sentiment best.
Why Trump Has the Most to Lose From Falling Stocks
Before he was president, Trump attacked the Fed for keeping interest rates low. Now he’s criticising the Fed for raising them. Why?
How Berlin Forgot the Crimes of the Soviets
During the height of the Cold War, Berlin was ground zero in the struggle against communism. Have we learned the hard lessons since then?
How America Goes the Way of Argentina
A boom is inevitably followed by a bust. But we always seem to forget this. That’s why it’s important for us to reflect on what’s happening in Argentina.
How Unearned Money Screwed Up America
The coverage about Brett Kavanaugh has reached a feverish pitch. But we should remember that the real crisis in America is about money mismanagement.
What Argentina Tells Us About America’s Future
Argentina is suffering from hyperinflation and a currency crisis. Let’s not rule out the same happening to America if we don’t change our wasteful ways.
It Feels Like 2007 All Over Again…
The latest numbers are in. Everything from job growth to GDP growth is looking rosy. But let’s not get too confident about our prospects just yet.
How to Purge the Rot from American Finance
The state of American finance has been shaky for a long time. But now the situation is getting even more perilous because of ingrained habits.
America Is Headed to ‘Crazytown’
We used to think that President Trump would act as the Great Disrupter and drain the swamp in Washington. But that’s not going to happen now.
America’s Finances Seem Fishy
Argentina is a banana republic with a high deficit and a currency crisis. America needs to be cautious if it wants to avoid the same fate.
Concert in a Dying Town…
As we take a trip to provincial France and observe the relics of a fallen empire, let’s think about what the past can teach us about credit and debt.
More Debt Won’t Make America Great Again
Trump believes that the way to make America great again is for the feds to borrow even more money. But what are the consequences of doing this?
How Trump Turns on The Fed
Donald Trump and Federal Reserve chairman Jerome Powell are at odds with each other. They want different things. What does this mean for the US economy?
‘Stool Pigeons’ Turn on Trump
One by one, Trump’s closest allies are turning on him. And what’s worse is that the US economy is looking shakier than ever. How bad can things get?