‘You should be terrified’: A TikToker has gone viral for explaining why anyone in the US earning less than $25/hour is in serious trouble. He has a point. But you can prove him wrong As if we didn’t have enough to worry about. A recession looks increasingly likely, through most of 2023. Inflation is rising, …
Comment this story Comment Investors have been watching Federal Reserve Chairman Jerome H. Powell’s remarks closely this week for clues about the next interest rate hike. They had a few. But if you’ve been paying attention, you may have noticed something far more significant, Powell says. Powell, one of the most powerful policy makers in …
The Federal Reserve has raised interest rates five times this year, essentially doubling them. His rationale is that higher rates will dampen inflation by reducing demand, especially in interest-rate-sensitive sectors like home and car purchases. The newly elected Republican House majority will try to further reduce demand by pushing hard to “cut spending.” A recession …
Fed policy: looking at the wrong side of the telescope Read More »
Sam Bankman-Fried co-founded FTX in 2019.FTX The mother of Stanford law professor Sam Bankman-Fried once wrote an article titled “Beyond Blame.” Barbara Fried asked what would happen if the focus was on problem solving and not accountability. His son Sam Bankman-Fried co-founded FTX, which filed for bankruptcy last week. A series of essays written by …
Image source: Getty Images Sometimes emotionally satisfying counseling isn’t as financially sound. Key points Academic economists have different opinions than personal finance gurus when it comes to Americans and their finances. It’s common to hear that your savings rate should be stable throughout your life, that you should avoid variable rate mortgages, and that you …
