Type “definition of” into your Google search field and see what autocomplete prompts you get. Your algorithm may vary, but when we did it just now, “narcissist” was high on the list and “insanity” was even higher. But the top prompt was “recession”. Yet so many of us throw around this term without knowing what […]
It used to be so simple and predictable: The economy grows. People prosper. They buy homes. Housing prices spike and inflation works its way through the economy. The Federal Reserve raises the fed funds rate – the rate big banks charge each other for overnight holds – thus the banks have to raise mortgage rates. […]
How does inflation affect the airline industry? It’s hard times in the air right now. In fact, the airline industry’s stock index is down by one-third over the past 12 months. That’s hard to take, considering that the broader market is down around 13% over the same time. This shouldn’t be the case. After all, […]
According to Visual Capitalist’s analysis, $1 million would fund a retirement that lasts almost 35 years in the Midwest, compared with less than 18 years in the West. Let’s bear in mind that we’re talking about urban areas – clearly, you could live cheaper in the shrublands of western New Mexico than on Wacker Drive […]
It’s entirely fair to say that the U.S. dollar doesn’t buy as much as it did a year ago. It’s also true that, although the entire world is experiencing inflation right now, American consumer prices have surged a little higher than those of most other advanced economies. And yet, the news is not all bad […]
It’s a dangerous world which doesn’t seem to be letting up. For obvious reasons, like supply chain disruptions, and for senseless ones, like the war in Ukraine, the whole idea of a global economy is running up against harsh realities. People who see world trade in economic terms want to see a bigger, more integrated […]
