Journalists fret over saving for retirement
Newer research suggests many of us with decent incomes "over saved" for future retirement options that may never happen. I am one of those people. For example, 93% of those…
May be inflation is greater than you think it is
This could be due to measurement error – and perhaps inflation (de-valuing of the dollar) really is that bad: Rosenberg: Historically, home prices go up one- to two percentage points…
End of globalized world: Countries looking to end investment visas
Sweeping sanctions against Putin’s oligarchs has led governments to limit and in some cases end their lucrative pay-for-passport programs. Source: Russian oligarchs: ‘Golden passports’ for the rich face new restrictions…
Is the globalization model now broken?
Seems lots of people are now asking this: But in only two short weeks, new questions have arisen as to whether that model is now broken and we will have…
The 3-decade long push for globalization of trade may be coming to an end, and changing
Postwar vision of harmonious world trade was already under pressure; invasion of Ukraine risks further economic fragmentation. Source: Economic Blacklist of Russia Marks New Blow for Globalization – WSJ Russia…
Paycheck Protection Program spent about $1/4 million on each “saved job”
And the top 20% of households received about 85% of the benefits. The PPP was launched by the Trump administration and has been reformed by the Biden administration, but data…
“Temporary” of course: 7.9% February inflation highest in 40 years
The consumer price index for February was expected to rise 7.8% over the past year, according to Dow Jones estimates. Source: CPI inflation February 2022 They said a year ago…
I’m so old, I remember when inflation was going to be brief and temporary
I’m so old I remember when our political leadership lied to us a year ago and insisted inflation would be brief and temporary. And here we are: products are being…
India Central Bank official labels cryptocurrencies as a “Ponzi scheme”
A top official of India’s central bank has compared cryptocurrency to “Ponzi scheme” and suggested an outright ban in its sharpest criticism just weeks after the government proposed taxation of…
“Wholesale prices rise 1% in January, up near-record 9.7% over the past year”
It’s okay. We can print however much money we need, say the experts: The producer price index was expected to rise 0.5% in January, according to economists surveyed by Dow…