After an eight-year hiatus, subprime mortgages are back. Now called non-prime to hide their ugly past, these loans are fueling a brand new housing bubble. What could go wrong?
Were you convinced by the unemployment rate drop to 4.7% in May? That is what the government reported. But a closer look at the data reveals something else.
The stock market has reached a near-euphoric level of buying enthusiasm, and several billionaires are now selling into the rally. It’s time to follow the money, but not the crowd.
George Soros hasn’t been shy about his opinion on the potential for an EU collapse or a China-fueled economic crisis. But is the U.S. in just as bad, if not worse, shape?
The financial sector wasn’t always looking for its next revenue fix. Savings and loan was the name of the game during the Industrial Revolution … back before banks became economic parasites.
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