The people and business on the street are feeling the pain. Raising the rates is not helping the economy it is hurting the everyday person on the street. AutoNation is feeling the pain new car sales are declining because people are rejected the higher prices and the higher interest rates. The Fed says the debt … Read more
by ogordained UNITED STATES Job growth continues to exceed expectations as shown by the ADP Private Employment report (Actual 227 | Expected 187) Cost of Employment is going up, a sign of wage growth The service sector is outpacing goods-producing sectors And despite a wage increase, teachers still lag behind the national growth trend The ISM Manufacturing Index will be reported today … Read more
by Michael Snyder This was an October that many of us will never forget. The month of October is typically the most volatile month of the year for stocks, and that was definitely the case in 2018. It was the worst month for the S&P 500 in 7 years, and it was the worst month for … Read more
by Michael Snyder Americans from the age of 18 to the age of 29 are voting in record numbers in many states that offer early voting. Traditionally, young people have not turned out in high numbers for midterm elections, but that has apparently changed in a major way this time around. In fact, a massive … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter China has a lot of balls in the air at the moment. FocusEconomics asked me and a bunch of other illustrious luminaries, “How and when will the next financial crisis happen?” First things first. A “financial crisis” is somewhat of a latex-term that can be defined in many ways and stretched … Read more