In 2008, subprime mortgages almost single-handedly took down the entire financial system, and now a new subprime crisis is here. In recent years, the auto industry has been able to boost sales by aggressively pushing people into auto loans that they cannot afford. In particular, auto loans made to consumers with subprime credit have been accounting for an increasingly larger percentage of the market. Unfortunately, when you make loans to people that should not be getting them, eventually a lot of those loans are going to start to go bad, and that is precisely what is happening now. Meanwhile, automakers and dealers are starting to panic as sales have begun to fall and used car prices have started to crash. If you work in the auto industry, you might remember how horrible the last recession was, and this new downturn could eventually turn out to be even worse.
The Fed kicked off serious discussion of its plan for unwinding its $4.5 trillion balance sheet at that March 14-15 gathering, officials have said, and this will be the first proper description investors receive of the conversation that took place behind closed doors. Even before those details go live at 2 p.m. in Washington, some on the policy-setting Federal Open Market Committee have already provided an outline of the debate via their post-meeting commentary.
The ICRC took a clear stance in favour of the abolition of nuclear weapons soon after such weapons were used for the first time, and this position remains consistent across the Red Cross and Red Crescent Movement (the Movement) today: in President Peter Maurer’s words, “the ICRC and the Movement emphasize the rationale for action on nuclear weapons and lend force to the efforts to achieve a ban on their use and their total elimination.”
The majority of small business owners said they expect their financial condition to improve over the next six months, according to Capital One's Small Business Growth Index, released on Tuesday. Despite this widespread optimism, about two-thirds of small business owners said they had no plans to hire, increase marketing spending, or invest in new technologies in the near future. Among the 500 entrepreneurs surveyed for the index over the last two months, half said they expect their business to be impacted by tax changes, 22 percent by minimum wage increases, and 9 percent by immigration reform.
The image below shows graphically the fall in this ETF that started in early February, and bottomed a month later in early March, with a subsequent rise into the end of the month. While quite volatile, the lines of moving averages of qualitative measurements provide good signals and some advance warning, allow profit set up to be put in place.
What differentiates the typical lawyer and average investor, however, is their justification for engaging in their activity. Lawyers are trained to do what they do, while the majority of investors are not. Ask a random player in a law firm’s basketball league whether he or she could compete with LeBron James, and the most common response will be laughter. Yet many of those lawyers would willingly compete with the billionaire investor Warren E. Buffett. Despite the spectacular growth of index funds — passive investment vehicles that track market averages and minimize transaction costs — millions of amateur investors continue to actively buy and sell securities regularly. This despite overwhelming evidence that even professional investors are no more likely to beat the market than monkeys throwing darts at securities listings.
Isolated and characterised by a University of Manchester-led team in 2004, graphene comprises a single layer of carbon atoms arranged in a hexagonal lattice. Its unusual properties, such as extraordinary tensile strength and electrical conductivity, have earmarked it as one of the most promising materials for future applications.
Miami's Fight Against Rising Seas (jdargis)
The flooding would be a challenge for any community, but it poses particular risks here. One recent report estimated that Miami has the most to lose in terms of financial assets of any coastal city in the world, just above Guangzhou, China and New York City. This 120-mile (193km) corridor running up the coast from Homestead to Jupiter – taking in major cities like Miami, Fort Lauderdale and West Palm Beach – is the eighth most populous metropolitan area in the US. It’s also booming. In 2015, the US Census Bureau found that the population of all three counties here was growing – along with the rest of Florida – at around 8%, roughly twice the pace of the US average. Recent studies have shown that Florida has more residents at risk from climate change than any other US state.
Gold & Silver
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