Public perception of the economy is the lowest since 2008, with 69% saying it is “getting worse”

Public Perception of the Economy is Lowest Since 2008: More Americans Say They Trust the GOP to Handle Issues Hitting Their Pockets, New Poll Shows A new poll shows nearly 7 in 10 Americans feel the economy is “getting worse.” Only 12% say it is ‘getting better’ under Joe Biden’s leadership In 2008, the same … Read more

RPT-WEEKAHEAD-Wall St Week Ahead: Inflation data may seal the fate of the US stock rally.

A rally in US stocks that has ignited despite skepticism from Wall St faces a reality check in the week ahead as key inflation data threatens to slam the door on expectations for a dovish change from the Federal Reserve. The S&P 500 has walked a tightrope this summer, rising 13% from its mid-June lows … Read more

Buffett’s firm reports a $44 billion loss, but his businesses are thriving

OMAHA, Neb. (AP) — Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well, suggesting that the economy in general is bearing the pressure of inflation and rising interest rates. Berkshire said on Saturday that a … Read more

The Democrats’ Big Package: What’s in and what’s out?

WASHINGTON (AP) — It’s nowhere near the $4 trillion proposal President Joe Biden first floated to rebuild America’s public infrastructure. and family support systems But the health care compromise package to combat inflation, climate change and deficit reduction strategies appears to be on its way to Senate votes this weekend.. The proposal estimated at $740 … Read more

The Reducing Inflation Act Would Duplicate IRS Agents and Audits, But the Super-Rich Are Not Real Targets

the Manchin-Schumer “Inflation Reduction Law”, that could clear the Senate this weekend, is supposed to raise tens of billions of dollars by adding $80 billion to the IRS budget and the hiring of up to 80,000 more auditors and agents. The plan is estimated to double the number of Americans audited each year. To quote … Read more

The US economy has yet to face its biggest recession challenge

A person removes a pump nozzle at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliéry | AFP | fake images It would be hard now to find a recession in the rear view mirror. However, what follows down the road is another story. There is no historical precedent that indicates that … Read more

The inflation problem that no one talks about

Voters range inflation as your main concern as prices continue to rise at the fastest rate in 40 years . And while the conversation about inflation tends to focus on consumer goods and energy, something else has become much more expensive than before: job qualifications, especially for public sector work. Reversing the over-reliance on college … Read more

Opinion: Bear Market Depression: How to Maintain a Sense of Financial Control in Times of Uncertainty.

Between pandemic lockdowns, health issues, controversial politics, and significant inflation with rising prices, many US investors may feel like they are losing control of their situations. Add to that a bear market for stocks, with a possible recession looming. To maintain resilience, we can focus on taking care of our physical, mental, and financial well-being … Read more

Bank of England braces for biggest rate hike in 27 years as inflation soars

LONDON-FEB 3: Bank of England Governor Andrew Bailey leaves after a news conference at the Bank of England on February 3, 2022 in London, England. The Bank is expected to raise interest rates for a fifth consecutive meeting on Thursday, but faces a difficult balancing act between supporting growth and reining in inflation. Dan Kitwood … Read more