Inflation Isn’t Going Anywhere. History Says It Could Take a Decade To Get Back to Normal: Barron's
The Fed and the markets alike anticipate inflation pressures abating significantly in 2023. History is not on their side. [ad_2] Source link...
Here’s why you should be worried about state and local pensions
Right now, across America, about 26 million people are relying on state and local pension plans to take care of them in their retirement years....
Home-Price Growth Slows Under Tide of Rising Mortgage Rates
U.S. home-price growth slowed sharply in the third quarter, the National Association of Realtors said, as affordability remained near its lowest level in decades. [ad_2]...
To Solve Inflation, First Solve Deficits, This Theory Advises
Economy Capital Account Expect to hear more about the fiscal theory of the price level as governments struggle with rising debt and inflation [ad_2] Source...
Some Republican senators are talking openly about Social Security cuts
If a Republican-controlled Congress comes for your Social Security benefits in the next few years, don’t say they didn’t warn you. They did. Sen. Mike...
By One Measure, 2022 Bond Crash Is Worse Than Stocks During the Depression
This year’s bond crash conjures up images of Wall Street after the 1929 stock market crash. OFF/AFP via Getty Images Recently, I received a short...
Janet Yellen’s Learning Curve – WSJ
When Janet Yellen testified before a congressional commission almost a decade ago about the 2007-2009 global financial crisis, an interlocutor noted that she seemed to...
Americans Cautious About Spending as Holiday Season Nears
U.S. consumers appear to be approaching the holiday season somewhat cautiously, according to The Conference Board. The private research group’s Holiday Spending Survey found consumers...
China Nods to Even Tighter Ties With Russia in Xi Jinping’s Third Term
World Asia China Beijing eager to deepen relationship with Moscow ‘at all levels,’ China’s foreign minister says in call with Russian counterpart [ad_2] Source link...
‘Living paycheck-to-paycheck has become the norm’: Inflation takes its toll on American finances as emergency funds run dry
Inflation is taking its toll on people’s emergency funds. The share of workers who say they are living paycheck-to-paycheck has surged among middle- to high-income...