We’ve mentioned before that there is a trend toward eliminating the middle class in America, and our view is that a decade from now, there will be no middle class. We’ll simply have the rich oligarchs and corporatists who will run the political and...
Elizabeth Warren, Harvard Professor and consumer advocate, has been the leading candidate to run the new Consumer Financial Protection Bureau. It was, in fact, Warren’s idea to create such an agency in the first place. Ms. Warren first came to our attention in...
They said China is the global growth engine of the future, and last year, many analysts recommended Chinese companies and real estate as a way to offset the deteriorating economy in the US. While we agree that China will be one of the major growth engines of the...
The National Inflation Association discusses the possibility of hyperinflation and what effects it might have on the nation’s just-in-time food delivery systems and transportation. In addition to the NIA’s video below, we direct our readers to a couple of...
An insider at a major bank tells the Schaef Report that Fannie Mae is one of the few secondary market investors who are refusing to postpone foreclosures while customers are in the midst of a lengthy loan modification process. When customers apply for a mod, the banks...