According to two prominent American investment banks, the Japanese yen is set to turn around its poor fortunes and become the world’s best performing major currency in 2016. The investment banks of JPMorgan Chase and […]
Tag: Inflation
Trumps Calls Out Janet Yellen For Not Raising Rates Because Obama Said So
Republican presidential hopeful Donald Trump is accusing the U.S. Federal Reserve and President Barack Obama of conspiring to keep interest rates low. “In my opinion Janet Yellen is highly political and she’s not raising rates […]
Prices For Starter Homes Are Outpacing The Growth Of Top Tier Homes And Millennials Can’t Pay
Prices on starter homes in the U.S. are growing at rates exceeding those for top tier homes, and have even reached levels surpassing the peak of the housing bubble. The price increases are coming as […]
Racist Zimbabwean Dictator Mugabe Calls On Africans To Direct Their Xenophobia Towards Whites
Zimbabwe dictator Robert Mugabe and current head of the African Union, has called on South Africans to direct their xenophobia at whites instead of blacks. ‘I give poison not for you to swallow but to […]
Venezuela Quickly Ditching Its Own Currency In Favor Of U.S. Dollars
Venezuela looks to be going the way of Ecuador at the turn of the century as an increasing number of items are now only available for purchase in U.S. dollars and not the inflation-ridden Venezuelan […]
Venezuela Central Bank Teeters As Foreign Reserves Hit All Time Low
A heavy foreign debt burden, falling crude production and increased domestic usage have caused Venzuela’s foreign reserves to fall to a record low of $18.2 billion as of May 7th. Its international reserves fell $507 […]