Economic resilience is largely due to higher summer spending, Wharton Professor Jeremy Siegel wrote. But the Fed should not lift rates due to this, as consumer activity could fall in September or October. “It is the ‘YOLO’ (you only live once) consumer out traveling and enjoying the summer.” Loading Something is loading. Thanks for signing… Continue reading ‘YOLO’ consumers are driving what could be one of the last good stretches for the economy, Wharton’s Jeremy Siegel says
Biden Administration Considering Raft of Changes to Labor Rules: Kiplinger Economic Forecasts
Workers and employers are awaiting new regulations from the Dept. of Labor. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll… Continue reading Biden Administration Considering Raft of Changes to Labor Rules: Kiplinger Economic Forecasts
Committed to Sustainable Investing? Three Questions to Ask Your Adviser
As sustainable, responsible and impact investing (SRI) continues to gain popularity, more investors have questions and are curious to see if it’s right for them. According to US SIF, the Sustainable Investment Forum, about $8.4 trillion is invested using sustainable investing strategies in the U.S. — that’s equivalent to one out of every eight professionally… Continue reading Committed to Sustainable Investing? Three Questions to Ask Your Adviser
Housing was even less affordable for some baby boomers than for homebuyers today, Realtor.com says
Housing affordability was even worse for some Baby Boomers, per a new Realtor.com analysis. That’s because homebuyers in 1981 were saddled with 18% mortgage rates, the listing site said. The current rate on the 30-year fixed mortgage has hovered stuck close to 7% for the past year. Loading Something is loading. Thanks for signing up!… Continue reading Housing was even less affordable for some baby boomers than for homebuyers today, Realtor.com says
Howard Marks says superior returns come from reading investor psychology. Here are his ‘most essential’ tips for doing that
Studying investor psychology can help secure better returns, Howard Marks wrote in the Financial Times. Emotions are often behind large swings, and can act as a signal for market movement. “Remember that in extreme times, the secret to making money lies in contrarianism, not conformity.” Loading Something is loading. Thanks for signing up! Access your… Continue reading Howard Marks says superior returns come from reading investor psychology. Here are his ‘most essential’ tips for doing that
The worst thing for Russia’s economy isn’t Western sanctions. It’s Putin.
Vladimir Putin has crippled Russia’s economy to fund the war in Ukraine, experts tell Insider. Experts say the official data from Moscow suggests it’s faring far better than it actually is. The ruble has is crashing, the labor force has seen an exodus, and civil war remains possible. Loading Something is loading. Thanks for signing… Continue reading The worst thing for Russia’s economy isn’t Western sanctions. It’s Putin.
There are 5 big reasons experts are worried about a recession – but there’s a bullish response to all of them
Despite a surging stock market, plenty of economists still expect a US recession within the next year. They often cite falling leading indicators, an inverted yield curve, or a decline in savings as reasons to be bearish. Here’s what market veteran Ed Yardeni has to say to about five economic concerns. Loading Something is loading.… Continue reading There are 5 big reasons experts are worried about a recession – but there’s a bullish response to all of them
Tesla’s self-driving tech is probably worthless in the resale market, short-seller Jim Chanos says
Elon Musk has promised self-driving Teslas by year-end. But Jim Chanos isn’t sold on the idea, and says the tech probably has near-zero value in the resale market. The veteran short-seller has been a prominent critic of Tesla. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Tesla’s self-driving tech is probably worthless in the resale market, short-seller Jim Chanos says
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