All economic eyes this week are on Davos, and according to The Wall Street Journal, the “Mood is Somber as Many CEOs Question Economy’s Future.”
Tag: U.S. economy
ECONOMIC UPDATE — MARKET OVERVIEW
What wonderful news for the billionaires who own The Street. Equities spiked last Friday on the wonderful news that the job numbers are weakening and wages for the plantation workers of Slavlandia are declining.
ECONOMIC UPDATE – MARKET OVERVIEW
Once upon a time, we used indisputable facts and hard data as fundamentals to forecast the current events forming future trends.
ECONOMIC UPDATE – MARKET OVERVIEW
Tomorrow is the day The Street has been waiting for. Following their two-day meeting, the U.S. Federal Reserve will announce Wednesday just how much they will raise interest rates.
ECONOMIC UPDATE – MARKET OVERVIEW
Near the close of U.S. equity markets yesterday, CNBC wrote, “Stocks fell Monday on fears the Federal Reserve may continue tightening until it steers the economy into recession.”
INVESTORS WARY OF STOCK MARKETS’ FUTURE
European and U.S. stock markets have bounced back from their late September lows, with the Standard & Poor’s 500 index reclaiming about 13 percent.
ECONOMIC UPDATE – MARKET OVERVIEW
It’s all about the bottom line. And since the Panic of ’08 when the Bankster Gangsters began a scheme called quantitative easing and shrunk interest rates to negative and zero rates...the bottom line was cheap money printed out of thin air and backed by nothing that artificially drove up U.S. and European economies.
AS FORECAST: “DIMMING HOPE” THAT PRE-COVID DEMAND FOR OFFICE SPACE WILL RETURN, WSJ SAYS
Workers are returning to companies’ central offices but not in the numbers that pertained to before the COVID War. There is “dimming hope that office buildings will ever refill,” The Wall Street Journal noted.
BIG TECH DUMPS OFFICE SPACE
Since the Internet Revolution began in the 1990s, major technology firms have gobbled up prime office space in Austin, Baltimore, Boston, Detroit, Nashville, Los Angeles, New York, San Diego, San Francisco, and other centers of innovation.
MORTGAGE RATES FALL MOST IN 41 YEARS
In the week ending 17 November, the average U.S. interest rate for a 30-year, fixed-rate mortgage was 6.61 percent, the Federal Home Loan Mortgage Corp. (Freddie Mac) reported, falling from 7.08 percent the week before and plunging at the steepest pace since 1981.