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How Many Renters Face Eviction when the Eviction Bans End? Compared to When Times Were GoodDec 9, 2020 - 08:14:24 PST
How Much Worse is it, Compared to the Good Times?. Rent collection data from 11.5 million rental apartments.
Let's investigate employment trends in age groups as distinguished by the BLS.
Dec 9, 2020 - 07:49:25 PST
Consumers in the United States had 14.3 trillion dollars in debt in June 2020, the majority of which was home mortgages, at 9.78 trillion U.S.
CNBC’s Diana Olick looks ahead to the looming end of the CDC’s eviction moratorium, and the potential crisis that could follow its expiration.
As winter looms during the global health crisis, seven of America's mall owners face troubling days ahead, according to a new report from S&P Global.
The negative outlook means New York has a one-in-three chance that its AA rating, the third-highest investment grade, will be lowered within two years, S&P said in a report on Tuesday. ...
Having dismissed the GOP's bigger COVID Relief bill offer as "unacceptable", Dem Leaders Schumer and Pelosi are getting panned by Senate Majority Leader McConnell as he shot back at them:
Why Financial Planners Shriek at My Portfolio: Here’s MY 60/40 AllocationDec 9, 2020 - 07:15:14 PST
The look on the broker’s face was priceless. He tried to remain stoic, but I saw the fleeting look of shock in his expression. Along with a bemused look that signaled his educational pedigree was insulted.
The number of job openings in the U.S. edged down slightly in the first week of December, a sign of a softening labor market amid an upsurge in coronavirus infections and ebbing fiscal support for households.
moments ago the BLS reported that in October, job openings in the US surged, jumping by 158K to 6.652MM from an upward revised 6.494MM October print (originally 6.436MM), and well above the 6.3 MM consensus estimate...
The Bank of Russia is running out of room to cut interest rates at the moment, but could bring its benchmark below 4% if conditions change substantially, Governor Elvira Nabiullina said in an interview.Bringing the rate to such a low level “isn’t the base case,”...
Senate Minority Leader Chuck Schumer recently suggested that as one of his first acts as president, Joe Biden should wipe out $50,000 of student loan debt for every borrower by executive order. But what kind of impact would this have on the US economy?It would certainly benefit a lot of people. But somebody would have to pay the bill. And that somebody is everybody else.
Global central banks are embarking on fresh waves of bond-buying to fight the fallout from the pandemic, despite mounting claims that the once-mighty policy is losing its power to boost the economy.The U.S. Federal Reserve, Bank of England, Bank of Japan and the European Central Bank have splurged $5.6 trillion this year alone on quantitative easing...
The World Economy Will Be Worse than Expected in the Short Term, Says Central Bank GovernorDec 9, 2020 - 05:46:43 PST
A worsening Covid situation in Europe, the U.S. and some parts of Asia will weigh on the global economy, said Philippine Central Bank Governor Benjamin Diokno.
Dec 9, 2020 - 05:42:18 PST
Chief economist Gita Gopinath urged Congress to act quickly to lift the economy from the Covid-related slowdown, including extending supplemental unemployment benefits and aid to state and local governments.
A lot of pundits and analysts insist inflation isn't a problem because the bond market isn't signaling any inflation concerns. But in his podcast, Peter Schiff argues that you can't rely on this bond market to tell you anything. The bond market is broken, thanks to the Federal Reserve. It's rigged and it's sending false signals.
European Central Bank Set to Increase Its Stimulus As COVID Lockdowns Blight the Economic RecoveryDec 9, 2020 - 05:31:55 PST
The ECB is set to expand its massive stimulus program further on Thursday as the continent deals with a second wave of the coronavirus pandemic and lockdowns.
In a presentation today, bond guru Jeff Gundlach said he sees higher inflation next year than the consensus.
“The underlying economy is strong given the narrowing PPI deflation,” Larry Hu, chief China economist at Macquarie
Not Even Jamie Dimon Would Touch Treasurys with a 10 Foot Pole at These RatesDec 9, 2020 - 05:23:32 PST
The yield on the 10-year Treasury was last at just 0.9% and has stayed below 1% since the pandemic was declared in March.