July 15, 2019
The world’s demand for cars will decrease by 3% this year in a phenomenon analysts are calling “peak car.” More than half of millennials say that owning a vehicle is not worth the expense or maintenance responsibilities. While the overall demand for …
July 14, 2019
In May 2019, President Trump raised tariffs on Chinese goods worth $250 billion by about 25%. The previous import tax on Chinese products was about 10%. Now, China is subtly threatening that it will restrict rare earth exports to the United States. …
July 13, 2019
A growing number of economists are predicting a recession next year. And then there is Gary Shilling. Shilling believes that the United States economy is currently in a recession. He has accurately predicted past recessions. Most notably, Shilling …
July 12, 2019
The average American making $50,000 annually deducts about $2,900 from taxes for charity donations. It’s a lot of money, but the really big donations come from wealthy families and companies who can afford to donate billions of dollars at a …
July 11, 2019
Since the beginning of the year the stock market has continued to advance, giving the impression the 10-year stock bull market is unstoppable. Since January the S&P 500 has increased by double digits, topping 3,000 for the first time on July 10. …
July 10, 2019
Starting a business is not as easy to do as it sounds. Around 70% of people who start businesses launch them from home and more than 20% of businesses fail within the first year of operations. Between 70% and 80% of businesses fail by the 10th year …
July 9, 2019
There are three facts about the horseshoe crab that you may not know. For one thing, horseshoe crab roe is considered a delicacy and aphrodisiac in many parts of Asia. Secondly, the horseshoe crab is a prehistoric living fossil that has outlived …
July 8, 2019
The Trump trade war with China makes it harder to predict economic performance Investors are now prone to overreact to any news about tariffs The Federal Reserve has its work cut out for it when it comes to interest rate policy After a period of …
July 7, 2019
Have you ever imagined leaving the rat race behind and living the life of an expatriate in Italy? Many people do. Italy’s population of 61 million includes about 5 million expatriates. Although Italy has a stressed and contracting economy, tourism …
July 6, 2019
Do economic expansions die of old age? Not according to the experts. Yet that’s where we are, now 121 months and counting for what’s now the longest period of unbroken growth in U.S. history. The growth trend started back in June 2009, …
