gdp

Credit Card Debt Highest Since 2008

By
By

Reading Time: 4 minutes President Trump made a bold official promise of 4% GDP growth per year: “To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth,” reads the White House…CONTINUE READING

The Federal Reserve: Everything You Need To Know

By
By

Reading Time: 9 minutes What Is The Federal Reserve? The Federal Reserve¬†System was established on December 23, 1913 with the enactment of the Owen-Glass Act also known as the Federal Reserve Act, making the Federal Reserve System (The Fed) the central bank of the United States. The Federal Reserve System consists of twelve regional…CONTINUE READING

Why Is China Dumping US Treasuries?

By
By

Reading Time: 4 minutes China is a major manufacturer of merchandise. They are the world’s second largest economy, following the United States. China is the world’s biggest exporter of goods and have the largest trade surplus. That trade surplus results in vast currency reserves. This positive balance of trade for China has continued to…CONTINUE READING