The Next Big Thing to Worry About that you’ll soon be reading about in the financial press is Italian banks. Some Italian banking stocks fell more than 30% after the Brexit vote on fears that the Eurozone will experience weaker-than-expected economic growth. Worse: the Italian banking system now reports that nearly $400 billion worth of […]
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Before there was “Brexit” there was another painful economic divorce, when the British citizens of the American colonies decided to “Amexit” the British Empire in the 1770s. The Economist magazine took statistics from that era, including long-term government bond yields and stock prices, to see what the “Amexit” shock looked like from an economic standpoint […]
If you want to see a fascinating chart, take a look at this graphic which charts each country’s GDP per capita with its “social progress,” defined by a cumulative measure of economic opportunity, access to quality healthcare and education, tolerance of minorities and general quality of life. This is a subjective measure, but if you […]
According to the Student Loan Marketing Association (more commonly known as Sallie Mae Bank), the average tuition, room and board at a private college comes to $43,921. Public tuition for in-state students at state colleges amounted to $19,548, with out-of-state students paying an average of $34,031. How are parents and students finding the cash to […]
If you had to save $10,000 in the next six months, how would you go about it? Columnist Simon Constable took an inventory of average living costs, and came up with a surprising conclusion: this is actually do-able for some people, and it might actually be easy. However, for smart consumers, your total savings might […]
In the wake of the so-called “Brexit” vote in the United Kingdom, and the possibility (though not the certainty) that the U.K. will leave the European Union, you’re likely reading a lot of alarmist stories about the vote’s impact on the U.S. and your portfolio. Don’t believe half of what you read. Here are some […]
It certainly feels like we’re in a bear market, what with the surprising “Brexit” vote in the UK, the dismal first few days of the year and increased volatility across the board. So it may come as a surprise that the second quarter of 2016 eked out small positive returns for many of the U.S. […]
The joke among futurists is that flying cars are 20 years in the future and always will be. But a company called AeroMobil has recently demonstrated an elongated, road-ready flying vehicle with stowable wings that can navigate both city traffic and the airspace between landings and take-offs from the world’s airports. Meanwhile, a company called […]
The White House Council of Economic Advisers has released a report showing a long-term decline in the share of American men ages 25-54 who are participating in the labor force (see first chart), to the point where the U.S. now has one of the lowest male labor force participation rates in the world (see second […]
Chances are, you know how much you pay in taxes. But how much are taxes costing you in time and preparation fees? According to a Tax Foundation report, using statistics from the Office of Information and Regulatory Affairs and the Bureau of Labor Statistics, tax compliance will cost the U.S. economy $409 billion this year. […]