January 20, 2020
The labor market is historically very tight, yet many Americans go without raises. Less than 70% of companies offer a 3% pay raise annually, an amount that barely keeps pace with inflation. About 19% of companies don’t offer raises. More than 2.4% …
January 17, 2020
Joe Davis is the chief global economist and head of investment strategy at Vanguard, which currently manages $5.6 trillion for investors. Recently, Davis has been warning of a ”large drawdown” in stocks. Many economists believe the …
January 16, 2020
A recent bearish and contrarian call came as a surprise to many on Wall Street — because it comes from a longtime stock bull. “The one thing that people are kind of missing out [on] here is that earnings in the United States are still …
January 15, 2020
Modern Monetary Theory, MMT, is an economic idea that has found support with progressive politicians such as Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez. The principle behind MMT is that the government can print more money to pay for …
January 14, 2020
Bridgewater Associates LP recently took a $1 billion position that markets will tumble by March — right around the time the Democratic Party has settled on a candidate for 2020. This bet is one of the biggest bearish bets against the market. To …
January 13, 2020
Did you know that twice as many people leave New York City daily than they did a year ago? More than 277 people leave New York City every day, or, an average of 101,105 people annually. This is the highest daily exodus in the country. Just 201 …
January 10, 2020
One of the main developers of Libra, Facebook’s proposed cryptocurrency, sees Bitcoin — a potential competitor to the Facebook project — as a store of value, perhaps, but not a way to spend money. “I don’t think of Bitcoin as a …
January 9, 2020
Few figures in the economic sphere have a reputation that precedes them as much as Alan Greenspan, the chair of the U.S. Federal Reserve from 1987 to 2006. Now, the former Fed chief is giving his opinion on digital currencies such as Bitcoin. …
January 8, 2020
Wealthy inequality is a hot button issue in the United States. Many of the 2020 Democratic presidential candidates have already weighed in on the subject. Now JPMorgan Chase CEO Jamie Dimon offered his opinion during an interview with “60 …
January 7, 2020
Investors with significant wealth were asked their opinions concerning what shape the economy will take in the future in a recent survey by Swiss multinational investment bank and financial services firm UBS. A majority of the investors surveyed …
