The foundations of our ‘rock star’ economy may be cracked and crumbling. And a collapse — if it comes — could have destructive effects on our savings.
When all is said and done, it’s ‘Inflate or Die.’ Fed chief Jay Powell didn’t want to die. Yesterday, he put his cards on the table.
It’s hard to deny it: all the signs of a potential downturn are there. We’ve had a fantastic bull run, but it’s almost certainly running out of steam.
As soon as the markets gave a hint of trouble, by selling off late last year, the idea of ever getting back to normal was discarded. This economy can’t survive normal anymore.
These signs may just be the prelude to a seismic shift that’s beginning to rattle the economy, both here in New Zealand and around the world.
‘It’s all part of a plan,’ explained a colleague. ‘Trump is not book smart; he’s smart like a fox.’ ‘He knows that Americans need to see some economic improvement in … Read More
Markets go up and down. History proves it. Almost anyone with a gram of economic education knows it. It’s called the economic cycle. Here’s how it works.
Politics is the enemy of civilisation. It is the enemy, too, of economic progress. Most important, it is the enemy of dignity and clear thinking.
Hot money is only useful for speculators. They can use it to take leveraged positions in stocks and bonds — where they know they can unload them and get out at a moment’s notice.
Buying stocks or houses may have been a good plan for 1982. And maybe even 2002. But for 2019? Is the pattern of the last 30 years likely to continue?
The risk of a crash is impossible to calculate precisely or reliably. But for what it is worth, our indicators are flashing red.
Retail sales are headed down. GDP growth. Industrial production. Hours worked. New hires. Manufacturing new orders. Construction spending. All down…
Mr Trump watched the stock market sink; the Dow dropped as much as 648 points intra-day. He fully intends to blame the next downturn on the Fed.