May 18, 2021

Credit card debt closed 2018 at a record $870 billion

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From Newsmax U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. ‘The increase in credit card balances is consistent with seasonal patterns but marks the first time credit […]

Here’s how much money there is in the world — and why you’ve never heard the exact number

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By Mitchell Hartman, Marketplace.org From Business Insider The US dollar is the most popular currency in use worldwide.Steve Marcus According to the Bank for International Settlements, the total amount is about $5 trillion. According to the CIA, the total amount is $80 trillion if you include “broad money.” The US dollar is the most popular […]

The US economy isn’t quite as strong as it looks

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By Pedro Nicolaci da Costa From Business Insider The US economy grew at a rate of 3% in the third quarter, the Commerce Department said Friday. Both business investment and consumer spending made solid contributions to third-quarter gains. That headline, however, masks the fact that overall growth is still closer to 2%, and some key […]

Here’s what to expect from the bond market for the rest of the year

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By Kathy A Jones, Charles Schwab From Business Insider The bond market continues to confound the experts. Each year since the end of the recession in 2009, consensus expectations have called for higher bond yields and the death of the 35-year bond bull market. Yet 10-year Treasury yields are now nearly 200 basis points lower […]

Cash disappearing on S&P 500 balance sheets pinches buybacks

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From Newsmax Little by little, the corporate cushion is shrinking. Pressured by a year-and-a-half of weakening profits and splurges on buybacks and dividends, the once-towering piles of money at American companies have started to topple. Cash and equivalents slipped to a median $860 million at S&P 500 Index members last quarter, touching levels not seen […]

Bitcoin has a lot of positives and negatives

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By Jim Rickards, The Daily Reckoning From Business Insider At various times in history, feathers have been money, shells have been money, dollars and euros are money. Gold and silver are certainly money. Bitcoin and other crypto-currencies can also be money. People say some forms of money, such as Bitcoin or U.S. dollars, are not backed […]

Americans are starting to get worried about the ‘new housing crisis’

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By Bob Bryan From Business Insider Americans are catching on to the rise in home prices. The gap between the demand for new homes and the supply coming onto the market, which we’ve dubbed “the new housing crisis,” has caused prices to soar and priced out many first-time homebuyers. In fact, San Jose became the first city […]

The Great Fall of China?

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Geoff Cook Chief Executive Officer From Jersey Finance Tumbling stock markets around the world have triggered a resurgence in the debate about the sustainability of China’s economic performance. So what does the future hold? Chinese intervention to prop up the Shanghai stock exchange has fuelled speculation about economic growth running out of steam and after […]

Fed’s Yellen Faces Delicate Balancing Act After Bernanke’s Goodbye

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From newsmax Janet Yellen will take the helm of a Federal Reserve facing a significantly different economic landscape from the one that dominated Ben Bernanke’s tenure as chairman, confronting her with different decisions as well. Bernanke’s eight years leading the Fed were largely consumed with the Great Recession and his efforts to cure it by […]