Borrowing money

Democrats slam McConnell for debt ceiling time bomb

“This debt is Trump’s debt. It’s Covid’s debt, ”said Senate Majority Leader Chuck Schumer. “And the bottom line is that Leader McConnell shouldn’t be playing political games with the full faith and credit of the United States. Americans are paying their debts. Schumer met with Senate Finance Chairman Ron Wyden …

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Is TORM (CPH: TRMD A) a risky investment?

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital”. So it seems like smart money knows that debt – which is usually involved in bankruptcies – is …

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Too much money for too few goods and services

Inflation can be seen as a tax, particularly regressive, which weighs more heavily on people with lower incomes and / or assets. By Bill Bergman, Research Director, The truth in accounting: as we have previously noted, the Federal Reserve’s “M2” monetary aggregate began to grow much faster than the “GDP” …

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