US Recession Is Avoidable If Fed Is Able to ‘Thread the Needle’ – Bloomberg The US economy is strong, and it has more than $2 trillion in excess cash on household balance sheets. A recession is unlikely in the immediate future, but it could happen next year if the Federal Reserve succeeds in reining in surging prices. Biden urges economic confidence despite inflation challenge, but says it will be “very tight” because risks are high. …
Is the housing boom about to bust? Sellers are slashing prices at levels not seen since before the pandemic amid rapidly cooling market as hedge fund manager of The Big Short fame warns ‘It’s like watching a plane crash’- Daily Mail After two years of hot housing market, experts fear the boom is over, as mortgage rates rise and inflation soars. Michael Burry, the hedge fund manager who wrote the book The Big Short, said …
Stock market’s plunge continues on new concerns about the global economy. The New York Times The markets continue to slide down the abyss and reach the lowest levels since March of 2021. U.S. equity futures edged slightly higher Monday after stocks extended a sharp sell-off that sent all three major indexes to their lowest level year-to-date. The 10-year Treasury note yield was above 3%, and the VIX jumped above 34. A lackluster earnings season has raised …
(ConservativeStar.com) – The United States Labor Department announced that new applications for unemployment benefits fell to 712,000 for the week ending March 11, 2021. This is the lowest number of first-time filings since early November 2020, and it was also reported that American employers added 379,000 jobs in February. Give Trump Credit One of the reasons credited for the drop is the decline in COVID-19 cases in the country and people’s willingness to return to …
(ConservativeStar.com) – It’s been said so often that it’s almost trite now, but the year 2020 has truly been unprecedented. The country is in the midst of the time retailers typically generate as much as 50% of their yearly sales — the holiday season. And, many people are wondering what that means when the nation is still languishing in the effects of the pandemic. Early On In the first months of the COVID-19 crisis, governors …
(ConservativeStar.com) – According to data released in July, America could be headed for the V-shaped growth that President Trump and his economic team were hoping for when the pandemic began. On August 14, the US Census Bureau reported Americans are spending money for the third straight month in a row. That’s a good sign for the country. When comparing sales in July 2019 to July 2020, retail sales were up 6%, and grocery sales were …