Biden says economy is 'strong as hell'
"I'm not concerned about the strength of the dollar," Joe Biden answered the reporter while eating his ice cream. "I'm concerned about the rest of the world. Our economy is strong as hell."
Classic 60/40 investing strategy sees worst return in 100 years
Advocates for the 60/40 portfolio split, designed to capture the upside of stocks but offer investors downside protection in bonds, have seen the classic investment strategy collapse this year in striking fashion.
Survey shows few businesses plan to hire holiday help
Study by small business network Alignable shows only 7% of small businesses plan to hire more workers for the holidays.
After two years of shipping snarls, things are starting to turn around
“The retailers and the bigger buyers or shippers are more cautious about the outlook on demand and are ordering less.”
These economists say prepare for a ‘prolonged slowdown’ — and big declines in home values
Builders and realtors initially thought that demand would slow, then recover, but as rates continue to climb higher and consumers pull back, they’re seeing the writing on the wall.
Economists warn house hunters that rates of 7% may be the ‘new normal’
“That could be wrong because our model doesn’t really have many examples of inflation being this high and quantitative tightening and the changes to the short-term interest rate happening this quick.”
Biden economic adviser says tax credits to weatherize homes will help reduce inflation by next year
Critics have argued the "Inflation Reduction Act" will do little to stop soaring prices.
Credit Suisse chairman pledges reform after 'horrible' year
"We had last year a horrible year. We had the biggest loss in the 166 years of the company," Axel Lehmann said. "We are fully aware that we need to change and we will change, clearly."
We Will See the Return of Capital Investment on a Massive Scale
Market strategist and historian Russell Napier warns of a 15- to 20-year phase of structurally elevated inflation and financial repression.
Hartnett Reveals His Fed Capitulation Watch: 'Fed Panic Is Coming ... But Not Just Yet'
Michael Hartnett's call to short the S&P almost 1,000 points higher just two months ago is becoming more legendary by the day.
Zero Hedge: Tricky Fed president
Ten years of ZIRP and QE crushed U.S. retirees and created the biggest asset bubble in history, but Bostic was smart enough to put his money in a Bank of China CD.