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The US economy may be barrelling towards stagflation, an outcome worse than recession
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely. US Federal Reserve Board Chairma.....»»
"You Can"t Have Your Cake And Eat It Too:" Top Asset Manager Discusses Shift In Sentiment Amid Stocks Downturn
Avery Sheffield says that while bulls have been waiting for positives like "lower unemployment, lower costs, lower rates, lower inflation," the reality is that inflation has remained stickier for longer than it was expected. read more.....»»
Market Extra: It’s a ‘race to the bottom’ as states end unemployment benefits too soon, critics say
More than a dozen states are taking steps to curtail jobless benefits, a move that some analysts say risks deepening poverty and inequality, and puts those states in a worse position for future downturns......»»
Larry Summers thought inflation could rise quickly - but not this quickly
Inflation fears can become self-reinforcing, so Summers saying it's worse than he thought could help drive a cycle leading to more inflation overall. Former Tr.....»»
Monetary Policy In America Is A Mess; Things Are Even Worse In Europe
Monetary Policy In America Is A Mess; Things Are Even Worse In Europe Authored by Brendan Brown via The Mises Institute, High inflation takes off where political forces are too strong to permit the implementation of ha.....»»
Fed"s Powell talks inflation, maximum unemployment
10-year Treasury hits 13-month high.....»»
The US could return to full employment in 2022 due to stimulus boost, Yellen says
Treasury Sec. Janet Yellen also dispelled fears the relief plan would spark rampant inflation, as price growth was weak when unemployment hit 3.5%. Treasury Secretary Janet Yellen. Jacquelyn Martin/AP The US could reach full empl.....»»
Stocks lower as inflation worries, higher gas prices drag down markets
U.S. equity futures are trading lower hours before the opening bell on Wall Street as higher inflation worries, lower unemployment figures and higher gas prices are pushing markets down......»»
NewsWatch: Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street
President-elect Joe Biden's proposal to spent another $1.9 trillion to help fight the pandemic and its shocks is putting Wall Street on inflation-watch. But investors say the U.S. economy and financial markets would be worse off without it......»»
Market Snapshot: Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street
President-elect Joe Biden's proposal to spent another $1.9 trillion to help fight the pandemic and its shocks is putting Wall Street on inflation-watch. But investors say the U.S. economy and financial markets would be worse off without it......»»
Caroline Baum: With unemployment at depression levels, even all the Fed’s money printing can’t muster much inflation
Until the economy reaches something approximating full employment, there is little chance of an inflationary outbreak......»»
U.S. unemployment rate will get worse, Treasury"s Mnuchin says
The staggering U.S. unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday......»»
Black and Hispanic Unemployment Soar
The jobs report for April was horrible enough. The situation is was even worse for black and Hispanic Americans, with jobless rates well above the national average......»»
Economic Report: Great Depression 2020? The unofficial U.S. jobless rate is at least 20%—or worse
The U.S. unemployment rate exploded to 14.7% in April after more than 20 million jobs were lost to the coronavirus, but that is just the official number. The real jobless rate was at least 20%......»»
Kashkari: Unemployment even worse than it looks, but not "Depression scenario"
The latest U.S. unemployment figures came out this morning and they're terrible. They'll also be just a partial measurement of an even worse jobs picture that's unfolding across the country, the chief of the Federal Reserve Bank of Minneapolis said Thur.....»»
Unemployment Kills: The Longer Lockdowns Last, The Worse It Will Get
Unemployment Kills: The Longer Lockdowns Last, The Worse It Wi.....»»
Cryptosphere: Bitcoin in the coronavirus crisis
Bitcoin has fared better than stocks but worse than gold and U.S. Treasuries during the coronavirus pandemic, with investors ascribing its performance to speculative bets and bids to hedge against inflation linked to stimulus measures......»»
Real coronavirus job losses could be worse than thought
More than 26 million people have applied for unemployment insurance since the coronavirus pandemic began. But millions more have been ignored......»»
First Mover: As Fed Assets Top $6T, BitMEX Has Some Inflation-Busting Advice
The Federal Reserve has opened its lender-of-last-resort spigot and, with unemployment spiking, inflation is on the way. What are your options?.....»»
Jobless Claims Enter Depression-Era Levels
Just when you hoped or thought things could not get worse on the jobless and unemployment news, they did. Weekly jobless claims hit a whopping 6.6 million last week......»»