It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
The U.S. economy might face trouble in 2025 if the Federal Reserve (Fed) doesn't raise interest rates soon. Interest rate changes usually quickly affect the economy, but recently they have started to have an effect much later. So, if rates stay high until 2025, when many businesses and individuals will need to refinance their current debt, we might see more financial problems.
Harry Dent Jr. predicts a 50% decline in home prices due to a US economic crisis. He analyzes cycles—demographic, technological, geopolitical—to forecast a sharp downturn in the next year or two due to the Fed's overreaction to COVID-19. Dent advises investors to prepare for a crash and recommends long-term treasury bonds. He views the US as losing its economic dominance while predicting a significant economic surge for India in the future.
Immigration is vital to the US workforce, contributing 18.6% of workers. They fill critical roles, reduce labor shortages, and boost tax revenues. Immigrants have high labor participation rates and entrepreneurship, creating jobs for US-born workers. Concerns about job competition are largely unfounded. Immigration helps offset a declining birth rate and aging workforce, ensuring the sustainability of Social Security. Overall, economists recognize immigration as a net positive for the US economy, despite its complexities.
Jamie Dimon, CEO of JPMorgan Chase, forecasts a recession but anticipates a soft landing, unlike the 2008 crisis. The impact on sectors like commercial real estate and regional banks is expected, but with limited overall damage to the economy. Dimon's caution stems from ongoing quantitative tightening and geopolitical concerns, yet he believes most institutions will endure the challenges effectively.
Jerome Powell's Congressional testimony will shed light on the Federal Reserve's monetary policy outlook. Markets anticipate clarity on interest rates and inflation, as the Fed cautiously assesses inflation risks and considers potential rate cuts. However, market volatility and political pressures present challenges for Powell. He must strike a balance between addressing economic concerns, balancing inequality, and maintaining inflation and financial stability. Powell's testimony will provide crucial insights into the Fed's decision-making process for this year.
