opinion

America's ticking time bomb: $66 trillion in debt that could bring down the economy

America’s ticking time bomb: $66 trillion in debt that could bring down the economy

Wake up, America. That ticking you hear is the US debt time bomb that with each passing day is about to explode and crash the US economy. Businesses, consumers, and especially federal and state governments have become addicted to red ink as if it were crack. Two factors fueled this borrowing frenzy: an era of …

America’s ticking time bomb: $66 trillion in debt that could bring down the economy Read More »

Consumers are starting to act as if recession is imminent

Consumers are starting to act as if recession is imminent

Text size Consumer dissatisfaction is worse among households earning less than $50,000 a year, writes Dana M. Peterson. Frederic J. Brown/AFP/Getty Images About the Author: Dana M. Peterson is chief economist at the Conference Board. Consumers sense that a recession is imminent and are beginning to behave accordingly. They become more and more unhappy by …

Consumers are starting to act as if recession is imminent Read More »

The US labor market is leaning toward scarcity.  The Fed cannot change that.

The US labor market is leaning toward scarcity. The Fed cannot change that.

About the Author: Joe Sullivan is a Senior Advisor to the Lindsey Group. He served from 2017 to 2019 as Special Advisor to the Chairman of the White House Council of Economic Advisers. His opinions do not necessarily represent those of his employer. Federal Reserve Vice Chairman Lael Brainard spotted something “very unusual” in the …

The US labor market is leaning toward scarcity. The Fed cannot change that. Read More »

Opinion: High debts and stagflation will bring the mother of all financial crises

Opinion: High debts and stagflation will bring the mother of all financial crises

NEW YORK (Project Syndicate) – The global economy is heading for an unprecedented confluence of economic, financial and debt crises, following the explosion of deficits, borrowing and debt over the past few decades. In the private sector, the mountain of debt includes that of households (such as mortgages, credit cards, car loans, student loans, personal …

Opinion: High debts and stagflation will bring the mother of all financial crises Read More »

The S&P 500 is about to cross a level that could spell the end of the bear market

The S&P 500 is about to cross a level that could spell the end of the bear market

The stock market has spat at times over the past three weeks, but statements from Federal Reserve Chairman Jerome Powell on Wednesday prompted the S&P 500 SPX, -0.09% jump above a technical resistance level at 4030 points. The benchmark is now challenging the downward 200-day moving average (MA) and the trendline that defines the bear …

The S&P 500 is about to cross a level that could spell the end of the bear market Read More »

Tight job market could help kill taxpayer-funded college racketeering

Tight job market could help kill taxpayer-funded college racketeering

For decades, parents have sacrificed themselves and students have gone into debt to fund college degrees that lead nowhere. But the college scam could soon break out. Not thanks to a moral wake-up call from college administrators. Instead, a tight job market is prompting more employers, including Google, IBM and some state governments, to drop …

Tight job market could help kill taxpayer-funded college racketeering Read More »

Is money a weapon to control your spouse?  This financial abuse can destroy your marriage.

Is money a weapon to control your spouse? This financial abuse can destroy your marriage.

Progress has been slow, but American society’s openness to marriage norms and money issues continues to evolve. Married couples now include the LGBTQ+ community and 38% of breadwinners are women. I share this because gender norms are becoming less normal, which actually means no one is immune to the possibility of a spouse using money …

Is money a weapon to control your spouse? This financial abuse can destroy your marriage. Read More »

“Most economists predict a recession in 2023”: I own a rental property.  Is it the right time to take out a bank loan and renovate or should I wait?

“Most economists predict a recession in 2023”: I own a rental property. Is it the right time to take out a bank loan and renovate or should I wait?

Dear MarketWatch, Along with a sibling, I own a 40+ bedroom rental property in the Caribbean, where we do weekly rentals. It is near the city center but needs repairs and renovations. Is it a good time to go to the bank for a renovation loan? We are also open to changing our business model. …

“Most economists predict a recession in 2023”: I own a rental property. Is it the right time to take out a bank loan and renovate or should I wait? Read More »

Amazon is down 40% this year - is it time to buy?  Market pros give their opinion

Amazon is down 40% this year – is it time to buy? Market pros give their opinion

Once a Wall Street darling, Amazon has lost some of its luster this year. The e-commerce giant’s stock fell more than 40%, significantly underperforming the S&P 500, which fell about 15% over the same period. That’s not all. In a memo to staff on Friday, CEO Andy Jassy said the company had made the “difficult …

Amazon is down 40% this year – is it time to buy? Market pros give their opinion Read More »