How Massive Debt, Stiff Competition Dashed Spirit Airlines
How Massive Debt, Stiff Competition Dashed Spirit Airlines Authored by Austin ALonzo via The Epoch Times (emphasis ours), Spirit Airlines’ financial failure could mean fewer options and higher ticket prices for Americans flying on a tight budget. On Nov. 18, the Dania Beach, Florida-based ultra-low-cost carrier famous for its cheap base fares, announced it was […]
Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ ‘Extraordinary Measures’
Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ ‘Extraordinary Measures’ Authored by Tom Ozimek via The Epoch Times, Treasury Secretary Janet Yellen has warned that the United States will hit its statutory debt ceiling around the middle of January, a development she said will prompt the Treasury to resort to “extraordinary […]
Gold Mining's Hidden Crisis: Production Costs Climb Despite Record Prices
Mining costs are rising faster than gold prices. The World Gold Council warns of major challenges ahead. Here’s what you need to know…
Cuban Communists Fumble Economy So Badly That They Now Import Sugar… At $25 Per Pound
Cuban Communists Fumble Economy So Badly That They Now Import Sugar… At $25 Per Pound Authored by Olivia Murray via AmericanThinker.com, For the better part of a century, Cuba has been under the control of communists and their ideologies, and the previously inconceivable has finally happened – they’ve run out of sugar. Like John Hinderaker […]
Assad’s Downfall May Disrupt Strategic Interests Of China, Russia, Iran
Assad’s Downfall May Disrupt Strategic Interests Of China, Russia, Iran Authored by Alexander Liao, Olivia Li and Sean Tseng via The Epoch Times, The fall of the Bashar al-Assad government in Syria could destabilize the partnerships between China, Russia, and Iran – a loose coalition driven by shared opposition to Western powers. For starters, the […]
Should I Buy Bitcoin, Gold…or Both? Alan Hibbard on Market Movers
Bitcoin and gold often get compared, but are they really competitors—or complementary parts of a balanced portfolio?
The Fed Is Cutting… So, Why Are Mortgage Rates Going Up?
The Fed Is Cutting… So, Why Are Mortgage Rates Going Up? Via SchiffGold.com, Powell is admitting that inflation is still too high, but the Fed still plans to cut interest rates by .25%. So why are mortgage rates going up? The Fed has turned hawkish relative to its recent rhetoric, resisting to slash interest rates as low […]
Merry Christmas… Here’s The Average Credit Card Debt In Every US State
Merry Christmas… Here’s The Average Credit Card Debt In Every US State This map, via Visual Capitalist’s Pallavi Rao, visualizes the average credit card debt held by households in each U.S. state and ranks the states where residents pay off the debt the fastest and slowest. Data is sourced from Bankrate (2024) who also used average monthly […]
El-Erian: A Baseline Scenario For The Global Economy In 2025
El-Erian: A Baseline Scenario For The Global Economy In 2025 Authored by Mohamed El-Erian via Project Syndicate, In 2024, global geopolitics and national politics have undergone considerable upheaval, and the world economy has both significant weaknesses, including Europe and China, and notable bright spots, especially the US. In the coming year, the range of possible […]
“Theoretically, Yes”: Goldman Says US LNG Can Replace Russian LNG Imports To EU
“Theoretically, Yes”: Goldman Says US LNG Can Replace Russian LNG Imports To EU Samantha Dart, co-head of global commodities research at Goldman, published a note to clients outlining five key questions and answers about the US-EU liquefied natural gas trade. This comes just days after President-elect Donald Trump threatened the EU with a barrage of tariffs unless […]