Nightmare Before Christmas for Department Stores
Markets Heard on the Street Slowing sales in recent weeks make for a tricky setup for retailers ahead of the holiday season [ad_2] Source link...
More Homeowners Using Helocs as Financial Safety Net
As high interest rates drive up the cost of borrowing money, more people are tapping the equity in their homes. Americans took out $66 billion...
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...
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]...
Binance Is Said to Be Likely to Walk Away from Deal to Buy FTX: WSJ
The crypto exchange is expected to walk away from deal to buy a collapsing competitor following a review of its structure and books, according to...
Crypto Has Reinvented Bank Runs: WSJ
FTX’s crisis is a reminder of what is right about traditional finance. [ad_2] Source link...
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...
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...
Higher Interest Rates Fuel Losses at the Federal Reserve
Economy U.S. Economy The central bank is now paying out more in interest expenses than it earns in interest income [ad_2] Source link...