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Economy

“Debt Up $2 Trillion in 1 Year of Biden”

“When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92. That means that during Biden’s first 12… Continue Reading…

Economy

“Taxpayers face overloaded IRS as filing season opens Monday”

“An IRS worker shortage, an enormous workload from administering pandemic-related programs and stalled legislation that would have given the agency billions of dollars for more expeditiously processing returns will combine to cause taxpayers pain this filing season… Agency officials are… Continue Reading…

Economy

“‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham”

“The U.S. is approaching the end of a “superbubble” spanning across stocks, bonds, real estate and commodities following massive stimulus during the COVID pandemic, potentially leading to the largest markdown of wealth in its history once pessimism returns to rule… Continue Reading…

Economy

“The Dollar Is Warning Us Inflation Is Getting Out Of Control”

“EDITOR’S NOTE: Gains, Pains & Capital shares an inflationary history lesson from 1974, and it is bad news for us in 2022. History shows that, initially, stocks soar with inflation as (unadjusted for inflation) profits increase for companies. However, if… Continue Reading…

Business

How You Can Get Started in a Business Career (and Why You Should!)

Written By Michael Stephenson The term “business” is broad. It can describe anything from administrative jobs to executive careers. But, one thing is true across all business positions: the skills you learn are universally adaptable. In other words, no matter… Continue Reading…

Economy

“‘Farms Are Failing’ as Fertilizer Prices Drive Up Cost of Food”

“From South America’s avocado, corn and coffee farms to Southeast Asia’s plantations of coconuts and oil palms, high fertilizer prices are weighing on farmers across the developing world, making it much costlier to cultivate and forcing many to cut back… Continue Reading…

Cryptocurrencies

“Cryptocurrencies tumble, with bitcoin falling 7% and ether down 8% in the last 24 hours”

“Bitcoin prices fell sharply on Thursday night, while ether prices also dived, wiping off nearly $150 billion from the crypto market. Bitcoin fell about 7% in the last 24 hours, and dropped as low as $38,287 in the same period, according… Continue Reading…

Cryptocurrencies

“Federal Reserve is taking the next step toward possibly launching a digital dollar”

“…The central bank is asking the public to provide feedback on the question over the next 120 days. And it said that in any event, it would only seek to create a digital currency with “clear support” from both the executive branch… Continue Reading…

Stocks

“Looking for Value Stocks? Analysts Suggest 2 Names to Buy”

“…Vontier (VNT)… In light of these comments, Raso rates Vontier an Outperform (i.e. Buy), and his $42 price target implies an upside of ~40% for the year ahead… Overall, there are 3 analyst reviews on record for this stock, and they… Continue Reading…

Stocks

“Stocks slide on inflation concerns as oil prices rise further”

“…Strong U.S. and European corporate results could not stop a slide on Wall Street, where the Nasdaq entered a correction, as rising crude prices kept inflation concerns alive even as bond yields eased a bit after earlier touching fresh multiyear… Continue Reading…