prime-lending crisis

The Coming Prime-Lending Crisis

More than a decade ago, the U.S. and eventually the world suffered from the proliferation of subprime loans. Unethical real-estate brokers hawked adjustable-rate mortgages to unsuspecting customers. As debt def...

Death of the Middle Class is HERE!

It’s been ten years since the 2008 financial crisis and the demise of Lehman Brothers, and the shock waves of the cataclysmic event can still be felt throughout the Western World, whether good or bad. One of the biggest victims was and still is the American middle class, which covers a broad range of people and can be further divided into smaller groups, such as the lower and upper middle class.