How should Wisconsin use a $5 billion budget surplus?
The swiftness with which the coronavirus pandemic wiped out the U.S. economy in early 2020 was breathtaking. Seemingly overnight, the U.S. unemployment rate shot up to an all-time record of 14.7% in...
'Rich Dad Poor Dad' Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'
"Rich Dad, Poor Dad" author Robert Kiyosaki has made some gloomy predictions in the past about the economy and the condition of the market. Now, in a new tweet, Kiyosaki said the "economy is the biggest bubble in world history." He also mentioned that he does not invest in equities, bonds, ETS, or mutual funds. Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: “I would get out of paper assets.” The world economy is not a “Market.
- Business Insider
Buckle in for a brutal free-fall in home prices and US housing is in a massive bubble, experts say. Here's how bad Jeremy Siegel, Paul Krugman and 5 others think it could get.
"There's going to be a coast-to-coast downturn in the housing market. It's going to be brutal. No part of the market is immune," a Moody's economist said.
Wall Street’s ‘Dr. Doom’ calls crypto ‘corrupt gambling’ and rips ‘proof of reserves’ trumpeted after FTX collapse
Nouriel Roubini warned on Saturday, “Crypto is corrupt gambling where the house always & systematically front runs the retail suckers that get rekt.”
- Business Insider
The stock market has another 8% to climb in 2022 as a resilient economy will buck expectations for either a hard or a soft landing, veteran strategist Ed Yardeni says
"The consumer just didn't get the recession memo and they keep spending," investment strategist Ed Yardeni said.
- Fox News
Top European officials expressed frustration and outrage toward President Joe Biden's green energy policies amid the ongoing war in Ukraine.
With warm weather and relatively affordable living costs, Arizona has long been a popular destination for retirees. While the average monthly costs of the necessities (rent, groceries, healthcare and...
- LA Times
The In-Home Supportive Services program pays assistants to help people who are elderly or disabled stay safely in their own homes. In Los Angeles County, IHSS caregivers make $16 an hour.
- Motley Fool
While a number of economists are predicting a recession in 2023, next year could also mark the start of a new bull market. The latest inflation readings have been undeniably bullish for the stock market. At 7.7%, overall inflation was the lowest it's been since January, and core inflation, which excludes the volatile food and energy categories, slowed from 6.6% year-over-year growth in September to 6.3%.
Federal Reserve Chairman Jerome Powell will discuss the U.S. economy and the labor market at the Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy on Wednesday.
The prospect of stagflation, or the worst-of-all-possible economic outcomes, is poised to weigh on investors even if U.S. stocks rally into year-end.
- The Telegraph
Jeremy Hunt’s stealth tax will force 60,000 more small businesses to charge VAT, the Treasury has admitted. The Chancellor of the Exchequer’s decision to freeze the level at which businesses are required to add the tax to the goods and services they sell will see the Treasury raise £680 million. The measure, which came in the Autumn Statement, unusually did not include a report of how many businesses it would affect. But in a written parliamentary answer this week, Victoria Atkins admitted inter
(Bloomberg) -- The latest reading of the US labor market on Friday is expected to show job growth on more of the downward glide path sought by Federal Reserve policy makers in their fight to beat back inflation.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsUkraine’s Victories May Become a Problem for the USKey Trump 2024 Rivals Silent After His White Supremacist MeetingPayrolls are projected to have risen about 200,000 in November, a second month of decelerat
Crowdstrike, Dollar General, Marvell, and more will also report. The economic data pipeline will include figures on home prices, consumer confidence, and jobs and income.
(Bloomberg) -- Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsUkraine’s Victories May Become a Problem for the USThe Treasury Market’s Big Recession Trade Is Gathering MomentumThe organization boosted its 2023 inflation estimates and said it expects price increases the following year will remain above the targets set
- The Independent
There are two answers to this. The first is the most obvious to anyone who lives and works in the UK: of course it bloody hasn’t
The Indian economy likely returned to a more normal 6.2% annual growth rate in July-September after double-digit expansion in the previous quarter, but weaker exports and investment will curb future activity, a Reuters poll showed. But with the Reserve Bank of India (RBI) now raising interest rates to tamp inflation running above its target range of 2% to 6% target, the economy is set to slow further. The 6.2% annual growth forecast for latest quarter in a Nov. 22-28 Reuters poll of 43 economists was a tad lower than the RBI's 6.3% view.
(Bloomberg) -- Australia has a stronger probability of bringing its economy in for a “soft landing” than almost any other developed-world counterpart, Reserve Bank Governor Philip Lowe said, citing the nation’s still-contained wage growth.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsUkraine’s Victories May Become a Problem for the USKey Trump 2024 Rivals Silent After His White Supremacist Meeting“It’s not guaranteed but where I sit today I think we have a be
New Zealand is likely facing a "shallow" recession as interest rates need to rise further to tame inflation, a top central banker said on Monday, suggesting that a pause in the policy tightening streak was still a distant prospect. In an interview, Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said the central bank would be closely monitoring high frequency data including on spending, business investment and housing when deciding on how much to hike rates when it next meets in February. Inflation data for the fourth quarter, due on Jan. 25, will also be a key consideration.