Text size College students party at the beach during spring break on South Padre Island, Texas. Brandon Bell/Getty Images Party like it’s 1994? Rather than 1999, the year made famous by Prince’s purpl...
Tag: Economics
Stock Market Gets Boost From Bond Selloff. Time to Sell the Rip?
Text size NYSE The Federal Reserve is talking tough about fighting inflation—and the stock market loves it. Don’t expect equities to be so relaxed if Powell & Co. act on their words. The S&P 5...
Why Housing May Not Get as Hammered as Usual in This Rate Hike Cycle
Traditional home buyers are sure to be pinched by rising mortgage rates, but better-financed investors could keep prices rising. Here, a home for sale in Houston last summer. Brandon Bell/Getty Images...
Mortgage Rates Rose Even Higher. Here’s How Much More You’d Pay Now.
New-home sales fell in February due, in part, to the effects of rising mortgage rates on affordability. Justin Sullivan/Getty Images Text size Mortgage rates climbed past 4% last week—and their rapid ...
Trickle-Down Economics Is Failing Stagflationary Japan
The “yen’s depreciation,” Haruhiko Kuroda concluded, “basically has a net positive impact on Japan’s … [+] economy.” KAZUHIRO NOGI/AFP via Getty Images If time travel were poss...
Inverted Yield Curve Signals a Recession. A Different Curve Tells a More Upbeat Story.
Text size The Federal Reserve, led by Jerome Powell, raised interest rates for the first time since 2018 earlier this month. Photo by Samuel Corum/Getty Images The most-watched yield curve is close to...
Why Today’s Inflation Might Resemble the 1940s More Than the 1970s
Text size While the surge in energy prices has some likening the inflationary environment to the 1970s-80s, some observers think the postwar period is a better comparison. Here, pricey per-gallon cost...
Billionaire Carl Icahn Predicts a Recession or Worse — Says ‘There’s No Accountability in Corporate America’ – Economics Bitcoin News
Billionaire Carl Icahn, the founder of Icahn Enterprises, has predicted that the U.S. economy could be heading into “a recession or even worse.” The famous investor warned of “a lot of trouble ahead” ...
Fed Chair Jerome Powell Hints at Aggressive Rate Hikes After Saying ‘Inflation Is Much Too High’ – Economics Bitcoin News
The 16th chair of the Federal Reserve, Jerome Powell said that America’s “inflation is much too high” on Monday, and he further explained that the U.S. central bank is willing to raise rates more aggr...
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry – Economics Bitcoin News
During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to m...
Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target – Economics Bitcoin News
The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excess...
China Made Pro-Market Promises. Here’s What Analysts Are Saying.
Text size Workers at a construction site in Hong Kong on March 18, 2022. Isaac Lawrence/AFP via Getty Images Headwinds had battered Chinese markets for months—Covid-19 outbreaks, U.S. delisting concer...
Dusk Network publishes new economic model paper detailing improved token economics
Emanuele Francioni, consensus architect of Dusk Network, has written an updated economic model paper that details how the Dusk team has made significant strides in improving the capability and efficie...
The S&P Experienced a Death Cross. Here’s the Bright Side.
Illustration by Elias Stein Text size The S&P 500 has performed poorly this year, down about 6.4%. This past Monday, it got scary in a Harry Potter sort of way: The benchmark experienced a death c...
China Gives Alibaba, Other Stocks a Lifeline. Can It Last?
Text size China said it would roll out market-friendly policies to help boost the stock market. Peter Parks/AFP via Getty Images With a handful of vague comments about rolling out market-friendly poli...
Robert Kiyosaki Predicts End of US Dollar — Says War Giving Rise to Crypto as Safer Haven Than Fiat Money – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted the end of the U.S. dollar. Furthermore, he said that the Russian-Ukraine war has given rise to crypto as “...
Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases – Economics Bitcoin News
On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoi...
Stock Market Today: Dow Rises, Fed Decision Ahead, Alibaba and JD.com Soar
Text size Fed Chair Jerome Powell will host a press conference at 2:30 p.m. Eastern. Graeme Jennings / POOL/AFP via Getty Images Stocks were moving higher Wednesday as markets readied for a long-await...
Inflation Is a Problem. Today’s PPI Just Confirms It.
Text size Costs for the companies that produce goods have gone up, too. STEFANI REYNOLDS/AFP via Getty Images February’s producer-price index is out, but we didn’t need to wait for it to know that the...
Elon Musk Says Tesla and Spacex See Significant Inflation Pressure — Confirms He Won’t Sell Crypto – Economics Bitcoin News
Tesla and Spacex CEO Elon Musk has revealed that his two companies are seeing significant inflation pressure in raw materials and logistics. He advised people to own physical things when inflation is ...
Investors Predict Fed to Hike Rates This Week — Reactions From Crypto, Stocks, Gold Market Expected – Economics Bitcoin News
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as th...
Web3 relies on participatory economics, and that is what is missing — Participation
Web3 is hailed as a technology paradigm that is fueled by the creator economy and is in the future, or rather, the next evolution of the internet. As we draw evolutionary comparisons of the technology...
From Nickel to Oil and Stocks, Markets Are in Turmoil. Are They Broken?
Wall Street has been treated to intense volatility in the period since Moscow launched its invasion of Ukraine, with tough sanctions on Russia—a major producer of critical commodities—sending the mark...
Data Shows US Consumer Prices Hit a 40-Year High, Biden Blames Inflation on ‘Putin’s Aggressive Actions’ – Economics Bitcoin News
Following the record 7.5% high for January, the U.S. Labor Department’s Consumer Price Index (CPI) data shows February’s CPI metrics rose to 7.9%. The CPI data published on Thursday is a new 40-year h...
Robert Kiyosaki Says ‘We Are in Biggest Bubble in World History’ — Warns Government Will Seize All Cryptocurrencies – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has made some gloomy predictions about the economy and the future of cryptocurrency. Besides warning that we are in the b...
Lessons from the 1970s for Today’s Markets Turmoil
Text size President Gerald Ford, Secretary of State Henry Kissinger and Vice President Nelson Rockefeller at the White House in Washington, D.C. in 1975. National Archives/AFP via Getty Images About t...