Leading Economic Index No Longer Predicts U.S. Recession -Conference BoardFor the first time since the summer of 2022, the Conference Board’s Leading Economic Index (LEI) no longer forecasts an impending U.S. recession, despite a continuous decline over the past 23 months. In January, the LEI fell 0.4% to 102.7, marking its lowest point since the brief recession in April 2020 triggered by COVID-19 and […] READ MORE How Productivity Gains Could Shape the Fed's Inflation BattleThe Federal Reserve’s journey towards achieving a ‘soft landing’ for the economy may be bolstered by a remarkable surge in productivity witnessed in the post-Covid era. Wall Street economists are optimistic that the trend of high productivity growth, which has seen an average increase of 3.9% over the last three quarters — a rate more […] READ MORE Household Debt Climbs but Economy Shows Signs of Robust GrowthIn January 2024, U.S. retail and food service sales saw a modest increase to $700.3 billion, marking a 0.6% rise from the previous year, according to Census Bureau data. This uptick in consumer spending has contributed to a significant rise in household debt, reaching $17.5 trillion in the fourth quarter of 2023, as reported by […] READ MORE Deciphering the U.S. Economy's Post-Pandemic StrengthOver the last four years, the U.S. economy has experienced a rollercoaster of events, starting with a devastating pandemic that led to a financial market crash and economic downturn. This was followed by a period of spiraling inflation and rapidly increasing interest rates that put significant pressure on households and industries alike. Surprisingly, the economy […] READ MORE Argentina Eyes Economic Stability Through Dollarization: A Comparative AnalysisArgentina’s President Javier Milei has reignited discussions about adopting the U.S. dollar to reignite the Argentina economy, mirroring the monetary strategy of Panama, Ecuador, and El Salvador. This significant shift aims to stabilize Argentina’s economy by potentially curbing inflation and fostering economic stability, leveraging the precedent set by these countries. Through this proposed change, Argentina […] READ MORE Gold Clings to Stability Amid High Interest Rate FearsGold prices have remained relatively stable in recent trading sessions, dropping below $2,000/oz briefly, before climbing back above $2,030/oz. Despite a U.S. market holiday contributing to limited trading cues, gold has shown resilience, bouncing back from a two-month low to hover around the $2,000 to $2,050 an ounce mark through much of 2024. This stability […] READ MORE The Scene of THE CRIMEMike calls it the greatest theft in human history. READ MORE Inflation, Growth, and Labor Data Heat Up, But Wall Street Stays SkepticalDespite economic data indicating that the U.S. economy might be improving, with indicators like inflation, economic growth, and labor market strength showing higher-than-expected figures, Wall Street is responding with a dose of skepticism. Economists are tempering reactions to these reports, suggesting that the apparent surge in numbers could be attributed to seasonal adjustments and unique […] READ MORE Inflation No Match for Casino Wins: U.S. Gaming Industry Sees Historic Highs in 2023U.S. commercial casinos hit a jackpot in 2023, raking in $66.5 billion from gamblers, the industry’s most lucrative year to date. This figure represents a significant 10% increase over the previous record set in 2022, an impressive feat considering the economic challenges of the time, including persistent inflation affecting everyday costs like groceries and energy. […] READ MORE « Previous 1 … 34 35 36 37 38 … 64 Next »
