Financial market investors are concerned that the US is on the brink of economic downturn as central bankers in Jackson Hole reaffirmed their intention to raise interest rates to control inflation. Steve Hanke, professor of applied economics at Johns Hopkins University, said he thinks the US is heading for a “massive” recession next year, but …
Financial market investors are concerned that the US is on the brink of economic downturn as central bankers in Jackson Hole reaffirmed their intention to raise interest rates to control inflation. Steve Hanke, a professor of applied economics at Johns Hopkins University, said he believes the US is headed into a “massive” recession next year, …
More good news for homebuyers: A new Realtor.com survey finds sellers are making more concessions to lure buyers into signing contracts. The survey, called Bargaining Power Back, looked at 3,001 responses, including 449 of those who sold their homes in the past 12 months. It found that new sellers were facing more pressure from buyers …
Even for mighty Microsoft , $595 million is a lot of money. That’s how much the software giant’s sales were reduced in the most recent quarter by the ever-stronger U.S. dollar. Indeed, a broad range of U.S. large-cap companies have been trimming forecasts due to a drop in repatriated profits that results from dollar strength. …
The Dollar Will Get Even Stronger. Why That Could Slam the Global Economy. Read More »
Still reeling from Fed Chair Jerome Powell’s longer-term higher comments last week, it appears that riskier assets like stocks are poised for another blow, on Monday. “The stock market can’t collapse more than 5% based on one man’s words,” grumbled Chris Robke, chief economist at FWDBONDS, who sees a major credibility problem for the central …
Homes in Hercules, Calif. The Bay Area is seeing home-price growth stall. David Paul Morris/Bloomberg Text size In a matter of months, the pandemic’s red-hot housing market has chilled, recently entering what some economists have called a housing recession. The slowdown will contribute negatively to the economy but could present opportunities for some buyers who …
The Housing Market Is in Recession. What It Means for Home Buyers. Read More »