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Economy

“US Growth Forecast Slashed By One Percent, and IMF Warns Global Economy Is Not Looking Good”

“EDITOR’S NOTE: The global economic recovery from the pandemic is slowing dramatically, and the International Monetary Fund (IMF) just confirmed that by slashing the U.S.’s economic growth forecast. According to CNN, “the IMF on Tuesday slashed its 2021 growth forecast… Continue Reading…

Economy

“Former Cisco CEO says he is ‘not investing in China'”

“Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win… Continue Reading…

Economy

“There are plenty of jobs, but not enough people to fill them. What’s going on?”

“The U.S. created 850,000 new jobs in June. Great. Yet 9 million people who likely would be working right now had there been no pandemic are still sitting at home. The economy would recover a lot faster if they were… Continue Reading…

Predictions, Opinions, & Comments

Long Term Investors Do NOT Sell Your Cryptocurrency!

I’m going to keep this short and sweet. Do not do this long term investors. You will be sorry later. Once you sell people who want bitcoin will buy it on discount. Do not panic sell because of a dip.… 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…

Economy

“Opinion: The post-pandemic economy will boom — but not for all”

“As the post-pandemic economy begins to surge forward, the Biden administration has an awkward economic problem. The rewards of renewed prosperity are likely to be distributed very unequally, with rich people and companies getting richer — adding to the United… Continue Reading…

Economy

“Record 103,415,000 Not in Labor Force; Participation Rate Sinks to 47-Year Low”

“The nation’s labor force participation rate reached a 47-year low of 60.2 percent in April, according to the Bureau of Labor Statistics, as the number of people not in the labor force jumped by 6,570,000 to a record 103,415,000. The participation rate… Continue Reading…

Economy

Wealth Inequality: “The boomer generation is becoming one of haves and have-nots”

“…“wealth inequality has grown tremendously from 1989 to 2016, to the point where the top 10% of families ranked by household wealth own 77% of the wealth ‘pie.’ The bottom half of families ranked by household wealth own only 1%… Continue Reading…

Economy, Real Estate

Exodus Incoming: “More than a third of New Yorkers say they can’t afford to live here”

“More than a third of all city residents say they can’t afford to live anywhere in the state — much less the Big Apple — and believe economic hardship will send them packing in five years or less, according to… Continue Reading…