Consumers continued to pile on debt in August, according to the latest data released by the Federal Reserve. But credit card debt fell slightly, raising a troubling question: are consumers close to maxing out the plastic?Total consumer credit grew by another $17.9 billion in August. That represents an annualized increase of 5.2% and pushes total consumer indebtedness to a new record of $4.14 trillion (seasonally adjusted).
‘Like other central banks, the ECB is threatened with the end of its control over the creation of money’, the memo said. ‘These developments imply a high risk for central bank independence – de jure or de facto.’
Leading economic institutes earlier this month called on Chancellor Angela Merkel’s government to ditch its budget policy of incurring no new debt if the growth outlook deteriorates.
U.S. Treasury yields fall Wednesday after comments from European leaders raises uncertainty that a deal for the U.K. to leave the European Union could be...
Hong Kong Chief Executive Carrie Lam warned of an “unprecedented challenge” to the economy while unveiling measures to bolster growth, her latest attempt to stem months of increasingly violent protests.
China caught traders off-guard with a surprise injection into the financial system via loans to banks, ahead of data on Friday which is expected to show a further slowdown in the domestic economy.
There is a simple way to keep track of what is really happening with China's fund flows behind the scenes.
Bank of America strategists say there are reasons to increasingly doubt the safety of bonds.
As the trauma from the Great Recession fades from memory, are Americans increasingly embracing one of the financial maneuvers that caused a great amount of pain a decade ago – cash-out refinancing?
Mortgage interest rates rose last week, but that didn't throw any cold water on the mini refinance boom that's been going on for the past month.
The dollar held near a four-week low on Wednesday as trade tension between Washington and Beijing continued to weigh on the global growth outlook.
After a remarkable run over the past few months, gold and silver now appear to have entered a period of consolidation...
Gold falls $10 on positive Brexit developments, strong Q3 earnings...
Which means, the reason to own precious metals will only improve as the Fed and central banks lose control of the QE and zero interest rate policy. This is not an IF, but WHEN.
Central banks in the euro zone and Japan have cut interest rates below zero to boost inflation and economic growth, raising a debate about the ammunition...
Very little to the upside. Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why …
As miners pull gold out of the ground and gradually deplete their mines, they have to constantly explore for new gold deposits, however...
JPMorgan Chase CEO Jamie Dimon warned on Tuesday that a recession is on the horizon, “Of course there’s a recession ahead,” Dimo…
“There will be another recession,” Shiller said on FOX Business’. “I give it a 50% chance in 2020. We're on a tipping point now.”
Sterling hits its highest in five months on reports the two sides are inching towards a draft deal.