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Business

“56% of Americans can’t afford a $1,000 emergency expense: We are ‘living in a paycheck-to-paycheck nation,’ money expert says”

March 22, 2024

“Only 44% of Americans surveyed said they could use their savings to pay for an unexpected expense, instead opting to put it on a credit card or borrow cash from family or friends…” https://www.cnbc.com/2024/03/19/why-now-is-a-smart-time-to-build-emergency-savings.html

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Real Estate

“Homebuyers need to earn 80% more than in 2020 to afford a house in this market. It’s not just due to high mortgage rates”

March 15, 2024

“…Almost four years ago, a household earning $59,000 annually could afford a new mortgage without spending more than 30% of their monthly income and with a 10% down payment, according to a recent report by Zillow Group. That is no longer the… Continue Reading…

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Economy

“$6 Trillion in Taxes Are at Stake in This Year’s Elections”

January 19, 2024

https://www.wsj.com/politics/policy/6-trillion-in-taxes-are-at-stake-in-this-years-elections-ee4353ed This article is behind a pay wall but let me guess. Republicans want tax cuts and Democrats don’t. As for the “powers that be” They see Donald Trump winning the election. “U.S. executives in Davos see a Trump victory… Continue Reading…

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Business

“How did Jeffrey Epstein make all of his money?”

January 5, 2024

“…Accused of abusing [RAPING] dozens of teenage girls before dying by [a highly suspicious so called] suicide in a federal prison in 2019…  a filing in his criminal case pegged his net worth at roughly $560 million. Epstein’s assets also included… Continue Reading…

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Banking, Business

“China Investors Face Tens of Billions in Losses Over Zhongzhi”

December 6, 2023

“As China’s embattled shadow banking giant Zhongzhi Enterprise Group Co. faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about $56 billion… Authorities over the weekend said they’ve opened criminal investigations… Continue Reading…

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Economy

“…Pentagon says it has no money for Middle East buildup”

November 29, 2023

“The Defense Department has ordered an additional aircraft carrier strike group, air defenses, fighter jets and hundreds of troops to the Middle East since the surprise terrorist attacks on Israel on Oct. 7, in an effort to prevent the conflict… Continue Reading…

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Economy

“The price of money is going up, and it’s not only because of the Fed”

November 6, 2023

“What’s the most important price in the global economy? The price of oil? The price of semiconductors? The price of a Big Mac? More important than any of these is the price of money. For more than three decades it… Continue Reading…

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Economy, Energy, Stocks

“UAW strike really makes big auto stocks dead money”

September 18, 2023

“…Large auto makers are losing huge money on the EV transition that is essentially being forced down their throats by worldwide governments. Consider this: before any new contract with the UAW, Ford’s EV unit was slated to lose $4.5 billion… Continue Reading…

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Banking, Economy

“UK Money Supply Stops Growing in Possible Recession Warning”

August 30, 2023

“Britain’s broad money supply has stopped growing for the first time in at least 13 years, a reading that will deepen concerns among monetarists urging the Bank of England to show restraint in its battle against inflation… King warned in… Continue Reading…

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Business, Economy

“American Express profit rises, but it sets aside more money for possible defaults”

July 21, 2023

“American Express saw its profit and revenue climb in the second quarter and credit card use is rising, but the company’s stock slipped before the market open as it set aside more money for possible defaults on payments. The card… Continue Reading…

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