Recession ahead – road sign warning concept getty Afraid of losing it all in a recession? Take these steps to prepare In 2022, most asset prices plunged together, leaving investors nowhere to hide, but in 2023, we have nearly the opposite. For example, the S&P 500 is up more than 7% year to date, while…
NEW YORK – SEPTEMBER 16: A Wall St. sign next to the New York Stock Exchange (NYSE) September 16, … [+] 2008 in New York City. U.S. stocks continued to drop Tuesday morning for the second consecutive day, following yesterday’s Dow Jones Industrial Average plunge of 4.4% or 504 points, being the worst single day…
Bernadette Joy paid off $300,000 of debt including her home and shares her simple tips to start … [+] paying off yours. Jen Yuson Photography Even if you make a great income, you may be feeling the mental burden of rising debt. In the United States, 35% of adults carry debt from month to month,…
(Photo by Mario Tama/Getty Images) Getty Images Key takeaways Inflation, housing and jobs data all pointing the right direction for taming high inflation while avoiding a recession But the debt-ceiling crisis is putting pressure on the markets as the deadline draws closer If the US defaults on its debt, then the financial consequences would be…
Johnson Redbook Same Store Sales Universal Value Advisors The chart shows the continued downtrend in same store sales and, while the Seasonally Adjusted (SA) rise in April’s Retail Sales of +0.4% over the March number was cheered by the financial media, the Not Seasonally Adjusted (NSA) data showed a -2.4% fall vs. March and was…
Close up of a woman’s hand paying bill with credit card in a cafe, scanning on a card machine. … [+] Electronic payment. Banking and technology getty The Federal Reserve has been raising its short-term interest rate to reduce inflation. The idea is that higher rates will reduce demand for borrowing (i.e. credit), which will…
LOS ANGELES, CALIFORNIA – MAY 4: In an aerial view, a Pacific Western Bank building is seen on May … [+] 4, 2023 in Los Angeles, California. Pacific Western Bank’s stock plunged Thursday in the wake of other bank failures. Following an unusual outflow of deposits this week, PacWest Bancorp says it plans to sell…
Future Y/Y Rates of CPI Inflation at Constant Monthly Rates of Change Universal Value Advisors Consumer Prices The Consumer Price Index (CPI) rose +0.4% in April (4.95% Y/Y). Core services (ex-housing), an important sub-index for the Fed, came in a little hot at +0.4% M/M (vs. +0.3% in March). In our view, this alone isn’t…
With a recession on the horizon, now is the time to refresh your resume, even if you’re not actively … [+] looking. getty Is your resume up to date with how employers’ selection processes have evolved in post-pandemic conditions? Layoffs in the first three months of 2023 exceeded layoffs in the last six months of…
Despite the large number of announced layoffs these past few months, the unemployment rate moved down to 3.4%. That’s tied for the lowest level since 1953. Of course, the politicians will take heaps of credit, but the fact is that it fell, not because of job growth, but because people left the labor force; really…