1,164 points today..... 3.6% of the Market value.... Inflationary price increases are forcing consumers to spend less money.... Big store retailers are seeing drops in sales.... Suppliers' efforts to get back profits form pandemic months and energy costs seems to be … [Read more...] about The Stock Market ‘s bottom falls out….AGAIN….
American inflation
Gas prices above $4 across the country….
Across the United States the average price for a gallon of gas is $4.52.... American's see this everyday when they hear about the 'Good' economy... Severin Borenstein, an economics professor at the University of California at Berkeley whose research focuses on energy … [Read more...] about Gas prices above $4 across the country….
Wall Street is having a bad year so far….
The 'Market' gambler's are being beatdown by an American Economny that is doing two things at once? Inflation and ac coming Recession.... Everywhere they look, stock investors see trouble ahead. Runaway inflation, and the interest rate increases meant to contain it, will … [Read more...] about Wall Street is having a bad year so far….
Stock Market takes a hit on inflation/recession jitters…..
Stocks fell Tuesday as a steep decline in technology stocks deepened Wall Street’s losses after a brutal start to 2022. The Dow Jones Industrial Average closed with a loss of 809 points Tuesday, falling 2.4 percent. The Nasdaq composite closed with a loss of 4 percent and the … [Read more...] about Stock Market takes a hit on inflation/recession jitters…..
We Repeat….Gas and Food prices have sky rocketed!…..
People ain't happy.... They are taking out on President Biden and some Democrats.... Inflation.... The Economy! An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, … [Read more...] about We Repeat….Gas and Food prices have sky rocketed!…..
US jobless claims drop to 1969 level…..
They'll 'adjust' the numbers next month, but? It seems people are going back to work as the pandemic restrictions ease.... A lot of the pandemic government benefits are also ending..... And workers also have option of taking jobs where they can work from home and save … [Read more...] about US jobless claims drop to 1969 level…..
Interest Rates going Up….US Fed…..
To combat the increase in inflation for America's economy.... The Federal Reserve will INCREASE borrowing costs.... This on top of increased energy costs for the country and Russian sanction fall out... The Federal Reserve on Wednesday increased its baseline interest rate … [Read more...] about Interest Rates going Up….US Fed…..
The economy is getting better?…November 2021
Maybe.... But employer's are STILL looking for people to work.... Inflation is STILL an issue.... And? A LOT of places do NOT have consumer good to sell to you.... And? The media IS hammering people about a new virus strain.... But people ARE gonna spend for … [Read more...] about The economy is getting better?…November 2021