By Robert Romano One of mainstays in the postwar economy, and in particular, the post-gold standard economy after 1971 has been the dollar’s unchallenged status as the world’s reserve currency. It has been called the exorbitant privilege . At the time, as the story goes, to help resolve to the 1973 oil shock, Richard Nixon convinced Saudi Arabia to only accept dollars for payment of oil in return for protecting […]

By Robert Romano “This is what happens when prices go up, it’s elementary.” That was Nobel Prize-winning economist Robert Shiller on CNBC’s “Squawk on the Street,” explaining how if home prices rise too fast, it can have an adverse impact on home sales as they become increasingly unaffordable. And then, it eventually impacts on home […]

By William Warren

By Marita Noon Americans are generous people. We want to believe the best in others. We’ve tried to accept the narrative out of the White House that Islam is a peaceful religion. There’s been talk of the good Muslims reining in the bad — before […]