My end of the week morning train WFH reads: • The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue The market collapse isn’t just the inevitable result of macroeconomic forces like high interest rates and inflation. It’s also the best opportunity in more than a decade to reckon with the tech industry’s excess. (Businessweek) • …
A New York Fed research paper said American consumers expect no relief from high prices in the near-term, believing the current bout of roaring inflation will keep percolating for the next twelve months before finally losing steam over a three-year horizon. A new analysis from the New York Fed found that US consumers polled about …
Fed Study Reveals How Long US Consumers Expect Roaring Inflation to Persist Read More »
Such sweeping problems as soaring inflation, poor-quality jobs, or low growth may not seem related to the management style of The Office’s Michael Scott Paper Company or pyramid schemes like Elizabeth Holmes’s Theranos. Yet there may be more to this connection than meets the eye. The recovery after the COVID-19 crisis pointed to several weak …
The Rise of Zombie Firms Risks Another Disastrous Crisis Read More »
The number of oil operating rigs in the US declined by two to 574, according to oil services giant Baker Hughes. Oil prices have risen to the highest level since the end of March, due in part because of a decline in US oil inventories and an expected boost in demand for gasoline as the …
In October 2015, Jason Furman, then chair of President Obama’s Council of Economic Advisers, sounded the alarm about rising monopoly power in the US. In a paper with fellow economist Peter Orszag, Furman attributed some of the rise in US income inequality to companies’ ability to avoid the pressures of truly competitive markets. Furman and …
A short introduction to antitrust economics, via Twitter — Quartz Read More »
Measures of homebuying competition are plateauing as early-stage demand posts its biggest annual decline since April 2020. However, mortgage rates may have leveled off, which could prevent demand from dropping even further. The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end. Nearly one in five (19.1%) home …
While newly released numbers from the Congressional Budget Office do not project a recession in 2022, the office’s long-term analysis projects a sharply increasing national debt that the Biden administration, or a future one, will need to tackle. President Joe Biden has bragged about reducing the deficit by $1.5 trillion from 2021 to 2022, but …
CBO debt estimates undercut Biden’s big deficit reduction claims Read More »
Politicians on both sides will look to spin the numbers to their advantage. But the truth about who or what is actually at fault for inflation numbers not seen since the 1980s is more complex than any political talking points or anti-Fed screens. “It’s not just the Fed or the end of infrastructure or the …
Updated at 9:50 am EST Big Lots (BIG) – Get Big Lots, Inc. Report shares plunged lower Friday after the discount retailer posted a surprise first quarter loss amid what it called “significant” cost and margin pressures brought by the fastest US inflation in more than forty years. Big Lots said it lost $11.1 million, …
Big Lots Stock Plummets After Surprise Q1 Loss As Inflation Bites Read More »
NEWYou can now listen to Fox News articles! A North Carolina small business owner warns the current state of the US economy is “uncharted territory” as inflation and demand drive costs of consumer goods to new levels. “Fox & Friends Weekend” co-host Rachel Campos-Duffy spoke with diners at Wayside Family Restaurant in Concord, North Carolina, …
North Carolina business owners alarmed about inflation: This is ‘uncharted territory’ Read More »
