US credit card debt continued to surge in July-September this year, marking the eighth consecutive quarter of year-over-year increases, economists at the New York Federal Reserve bank said in a report this week. According to their […]
International credit rating agency Moody’s has changed its outlook on the US from “stable” to “negative,” citing massive fiscal deficits and a notable decline in debt affordability as major reasons for the move on Friday. […]
Joining Powell in the discussion are the IMF’s Gita Gopinath, Bank of Israel Governor Amir Yaron, and Kenneth Rogoff, chair of international economics at Harvard University. Thank you for the opportunity to participate in today’s panel discussion. […]
The Republic of Korea’s $750 billion National Pension Service, the third largest pension fund in the world, has acquired a minority stake in U.S.-based private-equity real estate investment company Stockbridge Capital Group LLC. Financial terms […]
Remember when we mocked the BEA’s recent report that Q3 GDP had hit a scorching 4.9% (well above estimates) on the back of such laughably “growth” factors as surging inventories and government consumption… … and […]
Oil Price Oil production in the Bakken shale play is set to increase after Chevron’s acquisition of Hess, although volumes are unlikely to hit the records seen before 2020, analysts have told Reuters. Last week, Chevron […]
Where were you on March 9, 2022, when President Biden signed the death warrant on American freedom? On that day, in a hushed ceremony at the White House without the approval of Congress, the states […]
Decreasing spending power is signaling trouble for the economy, according to Chris Watling American consumers are facing challenging times, with household spending expected to cool further, Chris Watling, the chief executive of the financial advisory […]
Daily Standup Weekly Top Stories Why is the Climate Crisis racist where Africa is concerned? The West policies towards Africa are like environmental racism. – Alex Epstien October 21, 2023 Allen Santos Sometimes we must stand […]
Buoyed by low interest rates for the last decade, many property markets have seen substantial price growth since 2010. Experts warned that real estate bubbles—in which the price of assets moved up far beyond their intrinsic value—were […]
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