by John Mauldin | Dec 15, 2023 | alerts, Markets/Economy, Mauldin Economics
If you really want to reduce the federal debt, you don’t have to convince Congress of anything. You can just write a check. The Treasury Department gladly accepts gifts from anyone so inclined. Few are, apparently. So far this year, donations totaled less than $1...
by Bloomberg.com | Dec 15, 2023 | alerts, Markets/Economy
Anxiety about economy has been a drag on Biden’s campaign Brainard downplays risks of Fed’s last-mile push to 2% target Recent economic data have widened the runway for a so-called soft landing, with growing indications that inflation will continue to fall, White...
by Bloomberg.com | Dec 15, 2023 | alerts, Markets/Economy, Real Investment Advice
What is the “wealth effect,” and why is it important? It is a great question and reminded me of “A Funny Thing Happened on the Way to the Colosseum.“ The hysterical play by Craig Sodaro features a naive Swiss farmer heading for Rome. His dream is to become a stand-up...
by BusinessInsider.com | Dec 14, 2023 | alerts, Markets/Economy
Jeremy Grantham has warned the S&P 500 could plunge by more than 50% from current levels to 2,200 points. But one of his colleagues, Ben Inker, says US stocks are much cheaper today than two years ago. GMO’s co-head of asset allocation says inflation and...
by Bloomberg.com | Dec 14, 2023 | alerts, Markets/Economy
Analysts cut profit expectations for S&P discretionary sector ‘Revenue estimates are tumbling’ on demand doubts, BI says Analysts are growing increasingly doubtful that US consumer spending will hold up into next year, even as American shoppers continue to be...
by CNN | Dec 13, 2023 | alerts, Markets/Economy
US markets soared higher on Wednesday afternoon following the Federal Reserve’s final policy decision of the year. The Dow rose 1.4%, closing at 37,090.24 and blazing past its previous record high of 36,799.65, reached nearly two years ago. The S&P 500 was up 1.4%...
