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Americans Aren’t Paying Their Credit Card Debt. What Could Go Wrong?
While those who put their hands on this money first, such as Wall Street junkies, do make a profit, everyone else loses in the long run as the government’s policy of expanding the money supply and artificially inflating the prices of resources, as a result, devalues the currency.
READ MOREMultifamily Construction Leads the Housing Market
Single-family housing activity continues to weaken with little evidence to suggest significant gains in the near future, but multifamily housing activity remains robust.
READ MORECryptocurrencies, Meet the Financial Action Task Force
Cryptocurrencies are a different sort of financial technology from bank deposits, yet they are being shoehorned into the same category for regulatory purposes.
READ MOREUncertainty Index on the Rise
The Trump administration has imposed a rule that two existing regulations must be removed for every new regulation imposed on the economy. Unfortunately, the two-for-one rule does not apply to the trade policies consuming much of the administration’s attention.
READ MOREDebt, Deficits and the Cost of Free Lunches
Any defense of or desire for fiscal restraint and less government spending and borrowing are entirely out the window.
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