This economic destruction is man-made

Commentary It’s now codified: Europe and the UK are in recession. The United States too, at least technically, and we’re just waiting for an admission. The Federal Reserve has cut its economic growth expectations to near zero, but the emerging housing collapse will likely seal the deal: It’s an inflationary recession known as stagflation. The … Read more

Existing home sales in the US fall for the seventh straight month in August and the Fed is about to cause ‘some pain’ with a 75 basis point rate hike – here’s how to prepare your wallet and your portfolio

Hi, MarketWatchers. Don’t miss these top stories. Brace yourself: the Fed is about to get ‘some hurt’ with a 75 basis point rate hike. Here’s how to prepare your wallet and your wallet. This marks the Federal Reserve’s third rate hike of 75 basis points this year. read more US existing home sales fall for … Read more

Inflation is still too high: Gene Sperling – Fox News

Inflation is still too high: Gene SperlingFox news This will be a ‘big issue’ in 2024: Dan HenningerFox Business See full coverage on Google News

Gravitas: fear of a "serious and ugly" recession in 2023 – WION

Gravitas: Fears of a “serious and ugly” recession in 2023WION Steve Hanke Says The Chances Of A US Recession Just Rise To 80%CNBC He predicted the financial crash of 2008. Now warns of ‘long, ugly’ recessionNDTV Josh Brown: ‘If people don’t get laid off, there’s no recession’Market overview Economist Nouriel Roubini predicts a new recession. … Read more

Feds Rise Rates AGAIN, Home Charges SKYROCKET. Millennials TAKEN as ‘Forever Renters’: Bri & Robby – The Hill

Feds Rise Rates AGAIN, Home Charges SKYROCKET. Millennials DAMNED as ‘Forever Renters’: Bri & RobbyThe hill

Hong Kong shares hit 11-year low after historic Fed rate hike

Hong-Kong CNN Business — Hong Kong shares hit their lowest level in more than a decade on Thursday and other Asian markets also fell after the US Federal Reserve raised interest rates by 75 basis points and forecast further rate hikes, fueling concerns about a recession. The Hang Seng (HSI) index fell a whopping 2.6% … Read more

Why Americans Shouldn’t Panic When the Fed Raises Rates: Financial Experts

Americans need to stay calm, bolster their personal savings and keep an eye on their long-term financial plan as the Federal Reserve spikes interest rates, personal finance experts told The Post. The Fed raised its benchmark rate by 0.75% for the third consecutive month on Wednesday. By raising interest rates, the Fed is making it … Read more

Expect higher interest rates for at least two more years, Bank of Canada deputy governor warns

WATERLOO — Higher interest rates are in place for at least two years until inflation is tamed, the deputy governor of the Bank of Canada warns. The Bank of Canada will take whatever measures are necessary to restore price stability and fulfill the bank’s mandate to reduce inflation to two percent, said Paul Beaudry, the … Read more

Will this recession lead to massive layoffs? – CNBC

Will this recession lead to massive layoffs?CNBC Layoffs looming on the horizon, some economists sayCNBC See full coverage on Google News

Recession could put Fed in ‘holding pattern’, says strategist – Yahoo Finance

Recession could put Fed in ‘holding pattern’, says strategistYahoo Finance Are we in a recession? 5 On Your Side polled a group of experts for the answersWRAL news Recession or not? We could be in the eye of the stormKiplinger’s Personal Finances What exactly is a recession? | Kitco NewsKitco NEWS Do prices fall in … Read more