‘Big Short’ investor Michael Burry warns of ‘inflation spike’
Hedge fund wizard Michael Burry kicked off the new year with another dire prediction about the US economy, warning this week that a recession is already underway and another spike…
Economic Slowdown In These 3 Countries Will Impact The World In 2023: IMF
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all…
Why the risk of US recession is on the rise, according to Fed research
The risk of a nationwide recession is rising in states across the US, according to new research released by the Federal Reserve this week. A total of 27 US states…
US luxury housing market hits sharpest skid on record: data
Even high-end luxury homes aren’t immune from the US housing market’s ongoing slump, according to the latest data released by real estate firm Redfin this week. Sales of luxury homes…
World Economy Is Headed For A Recession In 2023, Says Researcher
The findings are more pessimistic than the latest forecast from the International Monetary Fund. The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a…
Is this Janet Yellen’s demise? A new Treasury secretary is due
Treasury Secretary Janet Yellen sure looks like she’s got the backing of the “Big Guy,” aka Joe Biden, to remain as steward of the $25 trillion US economy. There are…
US home prices will post first year-over-year decline in decade in 2023: experts
The US housing market’s deep freeze is likely to accelerate next year and result in the first year-over-year decrease in home prices in a decade, according to experts at real…
Is a meat recession coming?
Fears over a “meat recession” are growing just ahead of the holidays. Online meat delivery company Good Ranchers warned consumers on social media that “a meat recession is knocking and…
US home price plunge is ‘just beginning’ as housing market rapidly cools: economist
A substantial plunge in US home prices is likely “just beginning” as decades-high mortgage rates cause a downturn in the housing market, a prominent economist cautioned Friday. The warning from…
Inflation crushing retirement savings plans for many Americans: survey
Red-hot inflation is crushing retirement savings plans, with many Americans increasingly worried that they’re falling behind on their goals, according to survey results released Monday. A whopping 55% of Americans…