admin May 16, 2019

EVERY SO OFTEN a right-leaning economist raises the alarm about the apparently parlous state of America’s public finances. The subject gripped Washington in the early 2010s but has since been mostly disregarded. At 78% of GDP, America’s net public debt is high, if not yet huge. Thanks to President Donald Trump’s tax cuts, the federal […]

admin May 16, 2019

Missing more than one paycheck is a one-way ticket to financial hardship for nearly half of the country’s workforce. A new study from NORC at the University of Chicago, an independent social research institution, found that 51% of working adults in the United States would need to access savings to cover necessities if they missed […]

admin May 16, 2019

Istockphoto Builders say they’re looking forward to an “elongated” selling season. Rates for home loans slid to two-month lows, in line with the broader bond market, even as all eyes are trained on the housing market for signs of how the crucial spring selling season will shape up. The 30-year, fixed-rate mortgage averaged 4.07% […]

admin May 15, 2019

Investors were arguably too complacent about U.S.-China trade tensions. Some analysts wonder if they’re making the same mistake when it comes to Iran. Indeed, headlines surrounding U.S.-China relations — and trade, broadly — appear to be driving stocks up or down depending upon their tone, largely to the exclusion of other news. Meanwhile, growing turmoil […]

admin May 15, 2019

Bitcoin has mounted an uncanny resurgence from the depths of a virtual winter for the cryptocurrency market, with bullish, long-term investors extolling the virtues of digital assets as the opportunity of a lifetime and touting the benefits of sticking it out through the volatile price swings. One such bitcoin proponent, Erik Finman, harbors an unusually […]