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Economy

“EU economics chief says Europe is gripped by a ‘double crisis’…”

“…“I think we are we facing the impact of the double crisis,” Gentiloni said in reference to the geopolitical impact from Russia’s full-scale invasion of Ukraine and the subsequent economic hit to the European continent. “From a geopolitical point of… Continue Reading…

Economy

Say No To Mask Mandates and Returning government lockdowns.

Ok It seems like a problem is arising that will severely harm all of us. This must be stopped ahead of time. I’m going to make it my mission to make sure this garbage never happens again. Our country can’t… Continue Reading…

Real Estate

“Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession”

“…Three experts told MarketWatch that if the economy continues to show signs of strength, and the U.S. Federal Reserve hikes its benchmark interest rate once again, rates could go up to 8%.  High rates have already taken a toll on… Continue Reading…

Economy

“UK Headed for Recession if Rates Reach 6%, Economist Says”

“Britain could tip into a shallow recession if the Bank of England pushes its benchmark lending rate to 6% as investors expect, an analysis by Bloomberg Economics showed. Gross domestic product would shrink about 0.3% this year and by 1.4%… Continue Reading…

Economy, Personal Finance

“As emergency savings drop and credit card balances rise, experts say taking 3 steps can help”

“Americans have suffered in “declines in overall financial well-being,” according to a new annual Federal Reserve report on economic well-being of U.S. households released last week. Only 63% of all adults can cover an unexpected $400 expense, the report on 2022 found, down from… Continue Reading…

Economy

“Markets are sounding alarms on China’s economy, but an analyst says Wall Street is missing the big picture”

“Financial markets have been raising red flags recently about China’s economy, but an analyst said Wall Street is missing the big picture. Growth in the world’s second largest economy accelerated to 4.5% in the first quarter from 2.9% in the… Continue Reading…

Personal Finance

“74% say they can’t count on Social Security when planning for retirement…”

“Almost three-quarters, 74%, of people say they cannot count on Social Security benefits when it comes to the money they will have in retirement, according to a new survey from Allianz Life Insurance Company of North America….” https://www.cnbc.com/2023/04/15/74percent-say-they-cant-count-on-social-security-benefits-what-not-to-do.html Well if… Continue Reading…

Economy

“Private payrolls rose by 145,000 in March, well below expectations, ADP says”

“Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday. Company payrolls rose by just 145,000 for the month, down from an… Continue Reading…

Energy

“Green transition won’t be perfect and we’ll need natural gas, World Energy Council CEO says”

“…“We need to get electrification going faster,” said Angela Wilkinson, the secretary general and CEO of the London-based World Energy Council. “We want it to be more renewable-powered electrification,” she added, before acknowledging that a huge amount of work will… Continue Reading…

Economy, Stocks

“‘Big Short’ Investor Congratulates Market Dip Buyers. ‘I Was Wrong to Say Sell.’”

““Big Short” investor Michael Burry admitted Thursday that his bearish warning about the stock market earlier this year has so far been proven wrong by traders lining up to buy the dip. Burry is best known for his bet against… Continue Reading…