Socialism, Not Oil, Is The Cause Of Venezuela's Problems

Venezuela’s economy has collapsed. Unfortunately, most people mistakenly believe Venezuela’s policies created a successful economy prior to the collapse in oil prices. The truth is that Venezuela’s socialist policies held back its economy during the oil boom and are the direct cause of its economic collapse today.

Obama Fails To Breach $20 Trillion

On Obama's last day in office, total Federal debt was some $39 billion below the key "psychological level", clocking in at precisely 19,961,467,137,973.64. This means that both "Dow 20,000" and "Debt $20,000,000,000,000" accomplishments will belong to Trump.

Trump Team Preparing "Dramatic Cuts To Government Spending"

According to a report from The Hill this morning, President-elect Trump's transition team is already working with career staff at the White House on plans to slash federal spending with significant cuts expected to the budgets of the Department of Commerce, Energy, Transportation, Justice and State, among others, totaling $10.5 trillion over 10 years.

Will Real Estate Investors Take Over Airbnb?

In only 8 years, Airbnb has become a $25 billion company. Co-founder Brian Chesky often talks about how anyone can turn extra space in their home into an asset that helps them pay their rent, but the economics of short term rental sites Airbnb and VRBO also appeal to people who do not live in the house or apartment they rent out. This increasingly includes professional real estate investors.

"El Chapo" Extradited To The US

The third time behind bars for Joaquin "El Chapo" Guzman may be the unlucky one: on Thursday, Mexico's most notorious cartel kingpin who twice brazenly escape from prison and spent years on the run as the country's most wanted man, was extradited to the U.S. on Thursday to face drug trafficking and other charges.

What Steve Mnuchin Thinks About The "Strong Dollar"

"[Trump's comment] was meant to be that perhaps in the short term, the strength in the currency as a result of free markets and people wanting to invest here, may have had negative impacts on -- on our ability in trade."

Nobel Prize Winner Tells Davos' Elite, US Should "Get Rid Of Currency"

Half a world away at the World Economic Forum in Davos, Switzerland, Nobel Laureate economist Joseph Stiglitz made remarks earlier this week that the US should "get rid of currency." Physical cash means there is no one else standing between you and your savings. But Professor Stiglitz and his colleagues don’t want that. They want a massive, centralized bureaucracy to have control over your savings.

Just 3 Things: Stocks "Are Not Magical Lottery Tickets"

"It’s not just volatility; it’s valuation. Instead of magical lottery tickets that automatically and necessarily reward those who wait, stocks are ownership units of businesses. That’s banal, I know, but everyone seems to forget it. And it means equity returns depend on how much you pay for their future profits, not on how much price volatility you can endure."

Trading Inauguration Day

While president-elect Donald Trump's post-election stock market gains are among the greatest in US History, he faces an uphill battle tomorrow as he steps to dais for inauguration. In the last 80 years, newly-elected presidents have seen inauguration-day-losses, two-thirds of the time.

Donald And The Dollar

John Connally, President Nixon’s Secretary of the Treasury, once remarked to the consternation of Europe’s financial elites over America’s inflationary monetary policy, that the dollar “is our currency, but your problem.”  Times have certainly changed and it now appears that the dollar has become an American problem.