Category : Debt crisis
It’s not just countries that are at risk of contagion.
Today, the national debt stands at more than $21 trillion.
Beijing is the largest holder and buyer of the US Treasury securities despite the two countries being engaged in a spiral of mutual trade restrictions.
Total consumer credit rose 5.1% in the first quarter, compared to a year earlier.
Despite misguided economic policies and rising geopolitical tensions, the long market expansion has prevailed. But times may be changing.
The once promising Venezuelan gold industry is in a total mess, despite government efforts.
US stock markets are currently passing through the same peaks they faced 11 years ago, right before the massive sell-off that triggered the 2008 financial crisis, according to Phil Town, who sold his stocks before the crash.
The Congressional Budget Office confirmed on Monday what many Americans and all politicians already know: the United States is in a deeply precarious fiscal position.
The global debt mountain continues to grow.
The student loan debt crisis made headlines on March 22 after Senator Brian Schatz, along with other legislators in Washington, introduced the Debt-Free College Act, an act that will reportedly reverse the debt crisis in America.