Credit Card Balances Hit Record Highs

Credit Card Balances Hit Record Highs

American credit card debt has alarmingly surged to $1.08 trillion, marking a disastrous yearly increase...

Gold Slips as Powell Speech Takes Center Stage

Gold fell for a third straight session on Wednesday with market focus on remarks from...

US Treasury Yellen Calls for Greater Transparency in How Beijing Conducts Its Exchange-Rate Policy

“China’s failure to publish foreign exchange intervention and broader lack of transparency around key features...

Big Banks Hit with $650 Billion in Unrealized Losses Amid Bond Market Plunge

Big banks are grappling with $650 billion in unrealized losses due to the Treasury market’s...

Banking Giants Devise New Plan to Shed Riskier Assets

U.S. banks, facing stringent regulations and the impact of rising interest rates, are offloading risk...

Auto Loan Subprime Delinquencies

Subprime auto lending is in turmoil again, with its risky high-reward nature backfiring. Specialized lenders...

Peter Schiff: The Fed Won’t Achieve Either of Its Mandates

The Federal Reserve operates under a dual mandate from Congress — to achieve maximum employment...

Ron Paul: Call It Foreign Aid or Corporate Welfare — It’s Still Money Out of Our Pockets

President Joe Biden is selling the latest proposal to send military aid to Israel and...

The Banking Crises is Not Over

Iowa’s Citizens Bank has collapsed, saddled with $15 million in concealed loan losses. Not FDIC-insured,...

Government's Financial Ponzi Strategy at Risk of Collapse Under Interest Rate Pressure

Rising interest rates are rupturing the global bond market’s extended period of falling yields, with...

Central Banks Are Driving a New Gold Rush

Central banks have amassed 800 metric tons of gold in the first nine months of...

Household Debt Rose To a Whopping $17.29 Trillion in Q3 2023

U.S. household debt rose this month, led by increases in mortgages at $12.14 trillion, credit...

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