LONDON (Project Syndicate)— Do you believe in fairy tales? If so, you could probably earn good money nowadays as a financial trader or gain power and prestige as a central banker. While annual inflation in the United States, the eurozone, and the United Kingdom has soared to 40-year highs and will probably hit double digits…
India Wayman, 40, a stay-at-home mom in North Syracuse, NY says she’s never felt this much stress buying back-to-school clothes for her daughter. “I have to go through too many avenues to find affordable clothes, way too many avenues,” she said. In previous years, Wayman shopped off-season and in the clearance section. But this year,…
Investing in a beaten-down stock market is no fun. But here’s the good news: Some of the best stock purchases you’ll ever make in your life will happen during down markets. True, the S&P 500 SPX, -0.16% is up over 11% from its June lows. But it’s also down around 14% this year. So there…
Read More “Opinion: Just do it: Buy these 3 powerhouse consumer stocks that company insiders love” »
By Ron Paul, for Birch Gold Group Before we get started today, I want to tell you a story about the former military dictator of Uganda, Idi Amin. During his eight years in power, the economy and infrastructure of the nation collapsed thanks to years of neglect and abuse. Amin took a familiar economic approach…
Read More “The Malicious Conspiracy Behind America’s Economic Collapse – Investment Watch” »
The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation with staying power. What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing…
Read More “Roaring labor market puts ‘boomflation’ back on the map for investors” »
by Stucky Who gives a rat’s ass about computer chips, right? Well, at least read the end (highlighted in blue). ============================== CHIPS Act no panacea for US chip woes US chipmakers will be rewarded for failing to invest in their future while China will still have free access to US tech and know-how. The…
Read More “The $53 Billion CHIPS Act … screwing America again – Investment Watch” »
The Federal Reserve does not love the employment report released Friday, which showed that 528,000 more jobs were created in July while the unemployment rate fell to 3.5%, matching the lowest rate in more than 50 years. They ought to love the strong market. After all, one of the Fed’s official duties is to foster…
The government’s latest jobs report showed the US economy gained 528,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6% the previous month. The sharp rise in hiring surprised Wall Street: Economists polled by The Wall Street Journal had forecast just 258,000 new jobs last month. That’s good news for the economy,…
Read More “July jobs report is good news for those seeking a pay raise” »
A Florida woman says she’s paying roughly $150 extra each month on a car loan because Equifax’s recently revealed coding error allegedly sunk her credit score — and now she’s suing the credit reporting company to make it pay up. After Equifax EFX, -0.63% said Tuesday it had a now-fixed “coding issue” between mid-March and…
Friday’s jobs report showed surprising strength in the labor market, but there are signs that all may not be well for all workers. Quitting in low-wage sectors such as retail, leisure and hospitality is slowing down, said Nick Bunker, an economist at Indeed Hiring Lab. That means people working in those sectors probably have less…
Read More “This is the one part of the labor market where workers have less bargaining power” »
