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Economy, Stocks

“S&P 500 might crash 60%, a recession is looming, and speculation is rife, warns elite technical analyst Milton Berg”

“…Stocks might crash up to 60%, a recession seems likely, and market speculation has reached dangerous levels, a veteran technical analyst warned… Berg was likely nodding to John Hussman, who’s flagged the risk of a 63% plunge in the S&P 500,… Continue Reading…

Business

“Boycotts hit stocks hard. Here’s what might be next for Bud, Target and others caught in the anti-Pride backlash”

“One by one, companies have come under an expanding attack. Anheuser-Busch,Target, Kohl’s and VF Corp.’s North Face brand have all felt the vitriol of this latest push from the right. And the list keeps growing. These companies have been branded as “woke capitalists” — and… Continue Reading…

Economy, Energy

“Why $4 per gallon gas this spring isn’t out of the question”

“Don’t look now, but gas prices are heading back up, and GasBuddy predicts the national average could hit $4 again in a couple of months. The price for a gallon of regular is up more than 13% nationally over the… Continue Reading…

Banking, Economy

“BofA warns hot inflation might run rampant for another 10 years…”

“Despite the U.S. Federal Reserve’s aggressive rate hikes — including four consecutive hikes of 75 basis points — inflation is still running hot. Consumer prices in the U.S. climbed 0.4% in October and were up 7.7% from a year ago.… Continue Reading…

Stocks

“Stocks may fall 15% by year-end, warns Morgan Stanley. Here are some portfolio moves investors might consider.”

“…“The issue is that the markets are priced for perfection and vulnerable, especially since there hasn’t been a correction greater than 10% since the March 2020 low,” said Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, in a… Continue Reading…

Economy, Personal Finance

“Survey Reveals 64% of Americans Might Retire Broke”

“EDITOR NOTE: Thinking you may retire broke is one of the scariest thoughts a person can have. Even more terrifying is that a new survey says that 64% of Americans likely will walk away from years of hard work with… Continue Reading…

Economy

“Economic Growth Is Set to Surge. Hiring Might Not Keep Up.”

“U.S. employers might have trouble hiring workers fast enough in coming months to keep up with the projected burst of economic growth. Consumer spending at restaurants, hotels and salons is already starting to take off as the grip of the Covid-19 pandemic eases and… Continue Reading…