Retirement Accounts: Consumers Pull Money From Savings to Pay Bills
Americans are increasingly tapping their retirement savings to cover housing and medical bills amid higher cost-of-living pressures, according to data released Monday from Fidelity Investments....
High Government Debt Levels Are Here to Stay. Why It Matters.
An electronic billboard at a bus shelter in Washington, D.C., displays the national debt. It topped $32.3 trillion in early July, and $32.9 trillion on...
‘Greatest Economic Reset In Our Lifetime’ Is Beginning: Mike McGlone, Bloomberg Intelligence: Video
The New York Fed currently indicates a 70.8% probability of a recession, reaching its highest level since 1982. According to Mike McGlone, a Macro Strategist...
Fed Will Pay High Price to Bring Down Inflation. Investors Should Take Note.
AFP via Getty Images Text size Central bankers from around the world are gathering in Sintra, Portugal this week to discuss the state of the...
Interest Rates Latest: Final Hiking Stretch Will Be Hardest, BIS Says
The unprecedented cycle of global interest-rate increases is entering its most challenging stretch as inflation threatens to become entrenched, according to the Bank for International...
Realtor.com Reports Weekly Active Inventory Up 10% YoY; New Listings Down 22% YoY
by Calculated Risk on 6/15/2023 02:16:00 PM Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist...
Economics of Bitcoin ATM market could hinder wider adoption By Cointelegraph
© Reuters. As the digital asset market continues to evolve, the use of cryptocurrency ATMs grows with it. Over the past decade, nearly 40,000 cryptocurrency...
What’s Inside The Debt Ceiling Deal?
Jeff Deist explains what’s lurking in the debt ceiling bill, why the debt is larger than most people think, and the reason politicians can’t stop...
What Happened to “Paying off the National Debt”?
by Calculated Risk on 5/22/2023 10:31:00 AM At the turn of the millenium, the concern was that the US was paying off the debt too...
148% Monthly Inflation: How To Fix Failed Economies | Economist Steve Hanke: Video
Steve Hanke, Professor of Applied Economics explains the root causes of hyperinflation and currency collapses, drawing on historical and contemporary examples. Source link...