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Economy

2021: “This Is When 75% of Economists Expect the Next Recession to Happen”

“More than three-quarters of business economists expect the U.S. to enter a recession by the end of 2021, though a majority still estimate the Federal Reserve will continue raising interest rates this year. Ten percent saw a recession beginning this… Continue Reading…

Economy

Turning Point? “…Semiconductors are now showing better signs about the global economy”

“The semiconductor sector is turning the corner and showing signs that the global economy could be stronger than previously thought, CNBC’s Jim Cramer said Tuesday. The industry’s attempt to bounce back from its 2018 woes is being propped by Nvidia‘s… Continue Reading…

Banking, Economy

Not Good! “Former TARP watchdog: ‘No question’ that banks will need another bailout”

“A key figure in the financial crisis is not convinced that the U.S. government has fixed its “too big to fail” problem… Barofsky told Yahoo Finance that the largest banks have only gotten larger and more interconnected than they were… Continue Reading…

Economy

Economy: 20,000 jobs in February, wages up, Low unemployment

“The economy gained a meager 20,000 jobs in February, falling far short of analyst expectations of 185,000 and indicating that the nation’s 10-year economic expansion has potentially hit a speed bump. Despite the stalled job growth, the rest of the… Continue Reading…