Central banks and government entities around the world are now dominant players in the stock market with some $30 trillion invested in equities and other assets, according to a new study released this week offering the first comprehensive analysis of public-sector investments. About half of that is from central banks. In other words, monetary authorities, which conjure fiat currency into existence out of thin air, are using much of that “funny money” to gobble up real assets — propping up stock prices but eroding the value of people’s savings through inflation of the currency supply. The significance of the findings is monumental.
IMF deputy Zhu Min has learned nothing from history, announcing another housing bubble that will be "fixed" only by more interference.
Ride-sharing apps such as Lyft and Uber illustrate the unexpected and welcome benefits the free market provides when it is left alone.
As the Food and Drug Administration (FDA) releases a report about increasing pet illnesses and fatalities from Chinese-made pet food, major nationwide pet-supply retailers Petco and PetSmart announce plans to terminate the sale of chicken, duck, beef, and sweet potato jerky pet treats made in China.
Tesla Motors' business model of selling its electric vehicles directly to consumers is being opposed by auto dealerships.
Former Fed chief paid “at least $250,000” for 40-minute speech; media shills say he's worth it — and more.
After the release of the latest Keystone XL pipeline report, people on both sides of the issue were quick to praise or criticize the study.
Is the “mother of all bubbles” about to implode? Many analysts have been predicting that China could have its “Lehman Brothers moment” today, on January 31, 2014.
Two Harvard professors are predicting that America will soon be forced to adopt financial measures only previously used by third-world countries in order to control its runaway debt.