December 7, 2016
Many Americans don't have enough emergency cash - CNN Money--12.7.16
A lot of Americans aren't ready for any financial emergencies, according to new research from the New York Federal Reserve. The average American age 40 and under says there is nearly a 50% chance they would not be able to come up with $2,000 next month if there was an emergency.
Venezuela to issue larger bill as currency continues to melt - Associated Press--12.4.16
Venezuela has announced it will issue higher-denominated bill as triple-digit inflation and a currency meltdown leaves the country's largest note worth just around 2 U.S. cents on the black market.
Euro worries hinge on Italian referendum - Deutsche Welle--12.1.16
Fears are growing that the Italian vote could signal the beginning of the end of the euro. The proposed reform would curtail the power and size of the Senate.
War on Cash – Happening Faster Than We Ever Imagined – Here Are Some Examples You May Have Missed - ValueWalk--11.30.16
There are plenty of places where the war on cash is happening. The latest example is the situation in India where the government "demonized" its two largest denominations of cash.
Mobs Lock Up Bankers During India's Cash Chaos - Bloomberg--11.30.16
Bankers are bracing for long days and angry mobs as payday approaches in India. This will be the first test for Prime Minister Narendra Modi after his move in invalidate almost all cash in circulation.
Federal Debt Tops $19,900,000,000,000—On Black Friday - CNS News--11.30.16
The Federal Debt move above $19,900,000,000,000 for the first time on November 22. The debt fell back down the day before Thanksgiving, but climbed back on Black Friday.
The Problem with the U.S. Economy Isn’t Something Politicians Can Fix - Harvard Business Review--11.29.16
Today, according to Pew, only one American in four anticipates that the next generation will be better off than Americans now. This is a bleak view of the future and public expectations will be very hard for political leaders to fulfill.
"Obama Set Up The Next President For A Major Recession"... And A Giant Crash Is Coming - Zero Hedge--11.22.16
The Obama administration has set the next president up for higher interest rates, a major recession and a giant stock market crash.
Stocks at all-time highs calls for extreme caution - Market Watch--11.22.16
According to one expert, investors have good reasons to be worried about the stock market right now. One red flag is the excessive bullishness by the financial media as reflected in the sentiment surveys.
Cash chaos after shock move targeting India's "black money" - CBS News--11.21.16
The people of India are struggling to exchange their old cash and get their hands on new bills after the Indian government banned the largest bills of the nation's currency.
U.S. economy is running below potential, Chicago Fed gauge shows- Market Watch--11.21.16
According to the Chicago Federal Reserve, national economic activity improved in October but the three-month average weakened. This is one sign that below-potential economic growth could limit Fed Aggressiveness with interest-rate hikes.
Protect your wealth – it’s common sense - The National--11.18.16
There are things mega-corporations are doing to lessen various risks they face in today's volatile market. There are three words to remember: liquidity, resilience, and fees.
Markets will soon feel a Trump hangover—here’s my plan for cashing in: Trader - CNBC--11.17.16
The S&P 500 has enjoyed a nice bounce since Trump won the presidential election. But according to one expert, the market's rise since the election is set to be reversed and then some.
War On Cash Intensifies: Citibank To Stop Accepting Cash At Some Branches- Zero Hedge--11.17.16
Banking giant UBS proposed that eliminating Australia's $100 and $50 bills would be "good for the economy..." This isn't the first time the establishment has pushed for a cashless society in Australia.
The Fed is not the only central bank under political attack - CNBC-- 11.17.16
One of the creators of the Bank of England's independence from the U.K. government is now claiming that political checks and balances should be introduced and the independence of the Bank of England has gone too far.
The Economic Challenges Facing The Next President- FiveThirtyEight--11.7.16
The next president elected will inherit a long list of economic challenges including slow economic growth, inequality and expensive education and health care.
Slowdown in orders, hiring curbs U.S. services sector growth - Reuters--11.3.16
The U.S. services industry cooled in October due to a slowdown in new orders and hiring. Mixed U.S. economic reports came a day after the Fed decided to hold interest rates.
Fed leaves rates unchanged as all eyes turn toward December - CNBC--11.2.16
The Federal Reserve has decided to hold interest rates steady again. The group released a statement acknowledging economic improvements that aren'tyet enough to generate a policy tightening.
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