‘You should be terrified’: A TikToker has gone viral for explaining why anyone in the US earning less than $25/hour is in serious trouble. He has a point. But you can prove him wrong As if we didn’t have enough to worry about. A recession looks increasingly likely, through most of 2023. Inflation is rising, …
Comment this story Comment Investors have been watching Federal Reserve Chairman Jerome H. Powell’s remarks closely this week for clues about the next interest rate hike. They had a few. But if you’ve been paying attention, you may have noticed something far more significant, Powell says. Powell, one of the most powerful policy makers in …
The Federal Reserve has raised interest rates five times this year, essentially doubling them. His rationale is that higher rates will dampen inflation by reducing demand, especially in interest-rate-sensitive sectors like home and car purchases. The newly elected Republican House majority will try to further reduce demand by pushing hard to “cut spending.” A recession …
Fed policy: looking at the wrong end of the telescope Read More »
Sam Bankman-Fried co-founded FTX in 2019.FTX The mother of Stanford law professor Sam Bankman-Fried once wrote an article titled “Beyond Blame.” Barbara Fried asked what would happen if the focus was on problem solving and not accountability. His son Sam Bankman-Fried co-founded FTX, which filed for bankruptcy last week. A series of essays written by …
Salesforce Inc (NYSE:CRM) had a tough three months with a 19% drop in its share price. However, the company’s fundamentals look pretty decent and long-term financials are generally in line with future market price movements. In this article, we decided to focus on Salesforce ROE. Return on equity or ROE is a key metric used …
Image source: Getty Images Sometimes emotionally satisfying counseling isn’t as financially sound. Key points Academic economists have different opinions than personal finance gurus when it comes to Americans and their finances. It’s common to hear that your savings rate should be stable throughout your life, that you should avoid variable rate mortgages, and that you …
Explanatory map: the Caucasus region The Caucasus region has been embroiled in a territorial dispute between Armenia and Azerbaijan over the Nagorno-Karabakh region for decades. Although the outbreaks of the conflict are recent, the origins of the violence date back to the 1980s. But this map allows us to step back and look at the …
Which populations feel that their country is on the wrong track? Read More »
Projections from Fed governors will always paint a rosy picture. They are in charge of conditioning their point of view on an optimal monetary policy, which obviously allows to obtain better results. In the real world, as has been demonstrated over the past year, politics often fall far short of this ideal, so actual results …
Inflation eased in October, but remained well ahead of year-over-year wage increases for most workers. Many Americans expected inflation to cool sooner and faster than it did. This miscalculation is one of the factors that play against them during salary negotiations. Loading Something is loading. Thank you for your registration! Access your favorite topics in …
Everyone got inflation wrong, and it’s costing workers money in wage negotiations Read More »
