We are in a recession but does Wall Street care?

So is it a recession or not? Gross domestic product fell at a 0.9% annualized rate in the second quarter after a 1.6% decline in the first three months of the year. This means that the US economy shrank for a second straight quarter, which technically means a...

Housing Market Cracks

The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006. It hasn’t shown up in many data series yet, but mortgage applications are pointing to a large decline over summer with home-purchase mortgage applications...

Remaining happy in our own little world

Earlier this week, Vladimir Putin’s forces attacked a train station in the east of Ukraine filled with people trying to flee the conflict. At least 50 of them were killed in the assault on Kramatorsk train station, reportedly with the use of cluster munitions. Such...

The end of easy investing

As the war rages on, Russia is at imminent risk of defaulting on its debts as western economic sanctions choke off its access to dollars and other global currencies to pay lenders, a move that would have devastating economic ripple effects. Inside Russia, a default...

Covid – Please go away

The stock market bounced back on Friday after the major indexes suffered their worst month of the year in September amid rising fears of inflation, slowing growth and rising rates – the Dow Jones was down 4.3%, the S&P 500 fell 4.8%, and the Nasdaq Composite...

Beware of becoming greedy – Part Deux

In an environment of record savings and uncertainty lingering around the delta variant, the desire for safe investments i.e. bonds, has been greater than ever. But, rising inflation has messed up that equation. With inflation running higher than 5%, bank interest...
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