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Economy

“Rents reach ‘insane’ levels across US with no end in sight”

“…In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. And nowhere was the jump bigger than in the Miami metro… Continue Reading…

Business

“Renault expects to make 300,000 fewer cars in 2022 as global chip shortage rumbles on”

“Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer cars last year as a result of… Continue Reading…

Real Estate

“January home sales jump 6.7% despite a record low supply”

“Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3% lower compared with… Continue Reading…

Business

“61% of people working from home are doing so because they want to, even though their office is open”

“More people are choosing to work from home because they want to, even if their office is open and they’re less concerned about Covid risks, according to new findings from Pew Research Center. According to a January survey of 5,889 workers,… Continue Reading…

Economy, Energy

“Here comes $7 gas prices, warns oil strategist in dire outlook”

“Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine and years of under-investment by the oil industry, warns one veteran energy strategist. “My guess is that you are going to see $5… Continue Reading…

Economy

“…Americans just dove into credit card debt faster than they have in 22 years”

“Americans’ credit card balances spiked $52 billion in the last three months of 2021. Inflation is partially responsible, raising the cost of food and gas. Americans have been swiping their credit cards at record speed in the last few months,… Continue Reading…

Economy

“Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds”

“…At the end of 2021, 61% of the U.S. population was living paycheck to paycheck, down slightly from a high of 65% in 2020, according to a recent LendingClub report. Even among those earning six figures, 42% said they were living… Continue Reading…

Economy

“Americans are paying more for worse stuff, study finds”

“Measured by consumer prices, U.S. inflation is the highest in 40 years. Look at what Americans are actually getting for their money and the rate may be even higher, according to researchers at the University of Michigan.  The academics publish… Continue Reading…

Precious Metals

“Global Silver Demand Expected To Rise To A Record Amount In 2022”

“EDITOR’S NOTE: Good news for silver bulls. The Silver Institute is expecting fabrication, jewelry, and silverware usage to rise significantly in 2022. The industrial component represents a significant expansion in consumption as EV production gets underway. If EV and other green… Continue Reading…

Business, Economy

“Executives Are Quitting to Spend Time With Family … Really”

“…As the Great Resignation sweeps the American work force, it is low-wage workers — particularly those in the service industry — who are making up a majority of the turnover. Insufficient pay, poor working conditions, pandemic burnout and the opportunity to earn… Continue Reading…