Economist Steve Hanke Sounds Alarm As US Debt Tops 100% of GDP, Calls For Constitutional Fix
Professor Steve Hanke, an economist at Johns Hopkins University, called for a constitutional debt brake in the U.S.…
China’s live music boom spreads to smaller cities as consumption drive expands
Dianjiang, a small county tucked away in southwestern China’s Chongqing, was transformed into a bustling live music hub…
Interest on US debt is a top driver of future deficits, as past borrowing overwhelms fiscal outlook
U.S. debt is expected to continue soaring in the coming decades not because of excesses committed by future…
Recent inflation data was ‘bad news,’ Fed’s Goolsbee says
By Howard Schneider WASHINGTON, May 2 (Reuters) – Inflation data last week was “bad news” for the U.S.…
Recession, 20% Stock Market Plunge Likely by Year-End: Gary Shilling
Gary Shilling thinks there’s almost nothing that can stop a US recession this year. Loading audio narration… The…
Inflation jumps and gas soars but American consumers seemed to take it in stride
In the past week, many Americans remained laser focused on the economy, inflation and how those forces could…
The world’s central banks are wrestling with a gigantic problem
The world’s leading central bankers are stuck. In stately succession in the past week, policymakers in Tokyo, Washington,…
Central Bank fiasco embroils RTÉ’s new finance chief
The Central Bank and its Governor Gabriel Makhlouf have suffered an enormously embarrassing setback to the credibility of…
Gen Z is rebelling against the economy with ‘disillusionomics’
What happens when a generation is raised on economic promises that never materialize? Gen Z may want to…
Prices set to surge as historic oil shock hits home: economists
Ryan Harris was shocked when he realized he spent more than $600 on fuel last month. As gas prices continued…
One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC
The world is facing the largest energy crisis in modern history—and the U.S. may be the country with…
The American household just took an 81% margin cut. Wall Street hasn’t priced it in
The American household did not take a traditional pay cut. It took something Wall Street should understand even…