While we’ve been talking about unsustainable economic growth for a while now, we seem to have finally reached a tipping point. As work and profit demand to meet shareholder expectations become unrealistic, the world’s economic growth may slow. In this year and the next, the International Money Fund projects nearly half the growth from 2021. …
In the rest of the world, the US’ poor treatment of workers is somewhat notorious. The lack of socialized systems, few days off, as well as bogus contracts make being a part of the US workforce dangerous. However, we may see some changes soon as the Biden administration aims to make changes. Of course, the …
Biden Administration Striving to Increase Worker Benefits Read More »
Last week, the Federal Reserve increased interest rates by 0.50 percentage points, bringing the target range from 4.25% to 4.5%. The most recent action was in a string of rate increases intended to stop inflation. Although rate increases will ideally bring inflation under control, they could also cause the economy to sputter to the point …
The Economy Will Experience a Soft Landing in 2023 Read More »
In the post-Covid world, inflation has become the number one enemy of the regular people. As the pandemic waned, the economic halt started becoming more and more noticeable. And on the heels of that, the ongoing Ukraine war has made global economic conditions even worse. Inflation rates have been breaking decade-old records worldwide, with consumer …
Almost anywhere around the globe, buying a home has become a tall task. With real estate companies buying out houses and apartments way past market prices, it’s become difficult for the retail buyer to compete. You either need to expect to pay through the nose or be a tenant for the majority of your adult …
Global economic growth will average under 3% per year over the next decade, down from 3.6324% before the financial crisis. It will then gradually decline, reflecting a slowing in labor force growth. Two decades after famously laying out long-term growth projections for the so-called BRIC economies, economists led by Jan Hatzius have expanded their projections …
Christmas is a good time for the hospitality industry. With tons of people moving around, staying in hotels, and attending parties and gatherings, it’s a time of high profits. On top of that, hospitality service providers also have a chance to hike up their prices due to a time of higher demand. However, this year’s …
US Treasury yields fell on Tuesday as investors focused on developments in China and Federal Reserve officials’ comments on monetary policy plans. More than three basis points recently reduced the benchmark 10-year Treasury yield to 3.666%. After falling by more than three basis points, the two-year Treasury yield was last trading at around 4.4381%. Yields …
US Consumers Spent More on Everyday Staples and Autos in October According to the Commerce Department’s data released on Wednesday, October retail sales increased by 1.3% compared to September. October’s economy data included spending on clothing, wine, ottomans, and meals at restaurants. September data showed no changes from the month prior. Auto dealers, furniture shops, …
If inflation continues to be stubborn, investors believe that the Federal Reserve may have to raise interest rates higher than they have in the past 20 years. Some Wall Street professionals believe that the Fed’s rate increases have already had a cooling effect on the economy. A rather positive job market news reported last week …
When some think of railroads, we think of 19th-century locomotives and men in overalls shoveling coal into engines. While that view is certainly outdated, railroads are still an integral part of society’s functioning. However, opinions on trains are divided depending on where you are located on the globe. In the US, they’re mostly thought of …
According to recent estimates from a team of researchers that included two staff economists from the International Monetary Fund, the U.S. unemployment rate may need to go to as high as 7.5% in order to stop the nation’s outbreak of high inflation. The analysis concluded that only under “very optimistic assumptions” about the behavior of …
According to a top government official, Russia’s economy will have a less severe decline than anticipated over the following years and may begin to expand on a quarterly basis as early as the end of 2022. According to Russian news outlets, Economy Minister Maxim Reshetnikov stated that the administration was now predicting a 2.9% …
Russia Anticipates Higher Economic Returns This Year Read More »
If the United States enters a recession, Asia will not be spared, but some Southeast Asian countries may be hurt more than others, economists warn. The war between inflation and recession continues in the United States as the Federal Reserve maintains its aggressive position on interest rate hikes. The United States has already seen two …
The U.S. recession will most certainly harm Asia Read More »
Electric vehicles are headed to be the next big thing in the automotive industry. After Tesla paved the way, many car makers jumped on the trend and started their own EV production. That’s a sound move, especially when you consider the stock market. Many believe Tesla to be significantly overvalued. Even Bill Gates has a …
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