Seventy-three percent of Americans responding to a CNBC survey report being “financially stressed.”
Tag: interest rates
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GOVERNMENTS, CORPORATIONS TOP $100 TRILLION IN BONDED DEBT
The governments and corporations in the 38-nation Organization for Economic Cooperation and Development (OECD) have more than $100 trillion in bonded debt outstanding, almost as much as the entire world’s GDP, which is between $105 trillion and $110 trillion, a new OECD report has found.
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TOP TREND 2025: THE TRUMP CARD
One of our Top Trends for 2025 is “The Trump Card.” As the old Bronx saying goes, “Bullshit has its own sound.”
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U.S. HOME SALES INCREASE AS BUYERS SURRENDER TO HIGHER INTEREST RATES
In February, home sales rose 4.2 percent above January’s level as more homes came up for sale and more buyers seem to acquiesce to the idea that interest rates will remain at their current level or could move higher in the months ahead.
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INFLATION AND HIGH GOVERNMENT DEBT ARE LINKED, STUDY FINDS
When a government borrows to fund its programs, that puts pressure on consumer prices, according to research by Ernie Tedeschi, director of economics at Yale University’s Budget Lab and former chief economist for President Joe Biden’s White House Council of Economic Advisers.
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SO FAR, TRUMP STRATEGY WEAKENS U.S., BOOSTS EUROPE
U.S. investors greeted Donald Trump’s re-election with joy, anticipating tax cuts, fewer regulations, and soaring profits. Stock prices climbed even further beyond the value of companies’ future earnings. The difference between stock prices and the price of government bonds widened to its greatest in 20 years.
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OFF WITH THEIR HEADS 2.0: RISE OF MULTIMILLIONAIRES JUMPS IN THE U.S. WHILE GLOBAL ECONOMY SLOWS
Life’s good if you’re a card-carrying member of The Club.
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DELINQUENT LOANS ON THE RISE AMONG U.S. BUSINESSES
The share of U.S. business loans falling behind in their payments is the highest since 2017 and could rise even higher as the impact of Donald Trump’s trade war begins to bite, the Financial Times reported.
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RUSSIA’S CENTRAL BANK HOLDS INTEREST RATE AT 21 PERCENT
The Bank of Russia kept its interest rate at a record 21 percent for a second consecutive meeting as inflation in January was estimated at 9.9 percent, up from 9.5 percent in December and more than twice the bank’s target rate.
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TRUMP FLIP FLOPS ON INTEREST RATES AGAIN
During his presidential campaign and after taking office, Donald Trump said interest rates must come down “immediately.”
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