Category Archives: Economics

Economic policies, business, investing, saving, banking, currency

“Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy”

“…Studies show that lottery winners are more likely to declare bankruptcy within three to five years than the average American. In fact, nearly one-third of lottery winners declare bankruptcy, and it doesn’t end there. It’s usually followed by depression, drug and alcohol … Continue reading

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Good News: “Food Stamp Usage Drops over Half-Million in a Single Month”

“More than half a million people dropped off the food stamp rolls in a single month, according to the latest figures from the U.S. Department of Agriculture (USDA).” http://www.breitbart.com/big-government/2018/04/15/food-stamp-usage-drops-half-million-single-month/

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“… American young adults living with… parents… highest in 75 years”

“Parents in the US cannot get rid of their kids. The share of young adults in their late 20s living with their parents is the highest it’s been in 75 years. According to a recent study by the Pew Research … Continue reading

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“Feds Collect Record Individual Income Taxes Through March; Still Run $599.7B Deficit”

” The federal government collected a record $736,274,000,000 in individual income taxes through the first six months of fiscal 2018 (Oct. 1, 2017 through the end of March), according to the Monthly Treasury Statement released today…” https://www.cnsnews.com/news/article/terence-p-jeffrey/feds-collect-record-individual-income-taxes-through-march-still-run But wait I … Continue reading

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Socialism & Venezuela: The Ever Going Tragedy

“Venezuela’s Currency Is Doing Even Worse Than Previously Thought” “Venezuela’s currency is worth even less than previously believed, with new trackers of the black-market rate showing deep discounts compared with the long-standing benchmark gauge… While the U.S.-based website posts a … Continue reading

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“China announces new tariffs on 106 US products, including soy, cars and chemicals”

The effective start date for the new charges is not announced, though China’s Ministry of Commerce says the tariffs are designed to target up to $50 billion of U.S. products annually. The 25 percent levy on U.S. imports includes products … Continue reading

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Trump Says Amazon Is A Scam Worth Billions Of Dollars

“President Donald Trump continued to needle Amazon on Saturday, claiming the internet commerce giant maintains an advantageous relationship with the U.S Postal Service amounting to a “scam” worth “billions of dollars.” “While we are on the subject, it is reported … Continue reading

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