The public widely resented government bailouts for banks “too big to fail” during the Great Recession. Politicians across the political spectrum, from Elizabeth Warren to Donald Trump, howled with outrage and accused officials of rescuing elites while households and small businesses were left to fend for themselves.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Mar 21 2023
WHY SIX-FIGURE EARNERS STILL RENT A HOME INSTEAD OF BUYING
Increasingly, Americans earning $100,000 or more annually are continuing to rent their homes instead of buying.
HOUSING PRICES FALL YEAR OVER YEAR FOR THE FIRST TIME SINCE 2012
The average U.S. selling price of a home in February was $386,721, 1.2 percent lower than a year earlier, online brokerage Redfin reported.
WHOLESALE PRICES TICK DOWN IN FEBRUARY
U.S. wholesale prices eased back 0.1 percent in February after adding 0.3 percent in January, the labor department reported.
TOP TREND, DRAGFLATION: U.S. ECONOMY SLOWS IN FEBRUARY
After growing 3.2 percent in January, consumer spending online, in restaurants, and stores slipped 0.4 percent in February, the U.S. labor department reported.
ECONOMIC UPDATE – MARKET OVERVIEW
In The Bronx, we used to say, “Bullshit has its own sound.” Let’s look at the facts... just the facts.