Consumers’ pessimism about the economy has grown significantly this month, according to the University of Michigan’s monthly survey of consumer sentiment.
Tag: U.S. economy
U.S. DEBT NOT SUSTAINABLE
The U.S. government’s $33-trillion debt is the result of “unsustainable” fiscal policies, the International Monetary Fund (IMF) has warned, and is the “most worrying” among the world’s major economies, IMF research director Pierre-Olivier Gourinchas said in a 3 October press briefing.
INVESTORS BETTING THAT FED WILL NOT RAISE INTEREST RATES
At the last meeting of the U.S. Federal Reserve’s rate-setting Open Market Committee, a majority predicted the central bank would need to hike rates again when it meets at the end of this month.
NEW TREASURY ISSUES FLOOD AN ALREADY STRAINED BOND MARKET
The U.S. treasury borrowed another $1 trillion in this year’s third quarter, straining a bond market already reeling from a crash not seen in decades.
ECONOMIC UPDATE – MARKET OVERVIEW
As we had long forecast when politicians locked down civilization to fight the COVID War, it would destroy the lives and livelihoods of billions across the globe.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The proportion of office workers returning to central offices at least some days each week rose last month to its largest since February 2020, The Wall Street Journal reported.
GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
WHEN THE ECONOMY FALLS JOBS GO WITH IT
As we note in this Trends Journal, while the report from the U.S. Labor Department showed a sharp increase in jobs last month, most of them were in the low paying hospitality, service, health and social services sectors.
U.S. MEGABANKS PAY $53 MILLION IN FINES FOR MISREPORTING MILLIONS OF TRADES
On 29 September, the U.S. Commodity Futures Trading Commission (CFTC) fined Bank of America, Goldman Sachs, and JPMorgan Chase a collective total of $53 million after the banks “failed to report, or failed to correctly report, more than 40 million swap transactions,” the CFTC said.
PARCEL CARRIERS OFFER DISCOUNTS IN WEAK HOLIDAY SALES SEASON
Fedex and UPS are offering discounts to bulk customers such as Amazon and other retailers to ease the pain of what is expected to be a weak holiday sales season, The Wall Street Journal reported.