Gov. Gavin Newsom Announces California Will Eliminate Traffic Debt For Low-Income People Owed Since...
Varun Hukeri General Assignment & Analysis Reporter May 14, 2021 6:17 PM ET Democratic California Gov. Gavin Newsom released his updated budget proposal for the 2021-2022 fiscal year Friday, which includes a provision that would eliminate debt from certain fines and fees owed primarily by low-income Californians. The budget proposal calls for a $300 million…
ANALYSIS: How Biden’s Out-Of-Control Spending Is Hurting Americans And Helping China
Varun Hukeri General Assignment & Analysis Reporter April 07, 2021 5:33 PM ET President Joe Biden’s proposed long-term federal spending has concerned some economists who argue that an unsustainable increase in the national debt will hurt American consumers and families while making the economy more dependent on China.
$50,000 in Student Debt CANCELED? Debt Accelerates Beyond Breaking Point!
source / The Money GPS The governments and central banks are encouraging massive historic levels of risk taking right now. And is there any sign of caution? No. Why would there be? There will always be more stimulus. More money printing. More free stuff. But in this life, we can be certain that nothing is…
Trillions in DEBT and Deficits! First MAJOR Tax Hike Since 1993 Coming!
source / The Money GPS Did you think that the government would just give people money and that was the end of it? Of course not. Taxes will be increased in order to pay for it. But don’t worry because the big corporations will pay higher taxes to protect the little guy. Like how countless…
Stock Market MEGA Bubble Fastest In History While Millions Can’t Afford To Eat. Roaring...
source Anyone who has been keeping an eye on the stock market knows it’s been doing well. Sure it’s completely out of whack but the Fed won’t let it fall. I mean, they love us, right? Yes, it’s completely overvalued by every single metric, but who looks at stats anyway? And I know that there’s…
U.S. Economic Recession Created Zombie Companies With $1.4 Trillion of Debt!
source There has been a huge flow of money going into equities. In fact, it’s a record amount. At the same time debt has accelerated in countless corporations, including Apple, the biggest company in the world. Debt is so cheap and manageable for corporations with consistent revenue. But when things become unusual, suddenly you have…
The 2020 election features two unmasked Americas
A recent POLITICO piece entitled “He’s Destroyed Conservatism: the Republican Case Against Trump’s GOP” features an extensive interview with one Stuart Stevens, a long-time political adviser and operative who worked to get a great many Republicans elected. Stevens is and has always been one of that breed of Republicans who call himself a “Never Trumper”,…
Fed Printing More Money Despite Inflation Fears
The Federal Reserve held its first Federal Open Market Committee meeting this week.As expected, the central bank held interest rates steady but the overall posture of the Fed came off as rather dovish. Quantitative easing will continue into the near future and Fed Chairman Jerome Powell left the door open for future rate cuts.The Federal…
Stocks Ballooning to Levels Not Seen Since Dot-Com Bubble
It’s like Dawn of the Dead on Wall Street. Zombies are everywhere.Even as stocks continue to push to new highs, the number of money-losing companies listed on US stock markets has ballooned to levels not seen since the dot-com bubble of the late 1990s.According to a recent Wall Street Journal article, nearly 40% of US-listed companies are losing…
Credit Card Debt Now Overwhelming US Consumers
Are consumers getting close to the end of their road of debt?There are some indications that they might be and that’s not good news for an economy built on consumers spending money they don’t have.Total consumer debt grew and set yet another new record in November, according to the most recent data released by the Federal…
