by John Rubino's Substack | Feb 28, 2024 | alerts, Markets/Economy
Two things are keeping the US economy afloat right now. First is massive deficit spending, as the US dumps about $2 trillion of borrowed money into the banking system each year: Second, the AI “instant bubble,” is sending huge amounts of capital into a handful of tech...
by Liberty Street Economics | Feb 28, 2024 | alerts, Markets/Economy
China’s aggressive policies to develop its battery-powered electric vehicle (BEV) industry have been successful in making the country the dominant producer of these vehicles worldwide. Going forward, BEVs will likely claim a growing share of global motor vehicle...
by Lance Roberts | Feb 27, 2024 | alerts, Markets/Economy, Real Investment Advice
“When you sit down with your portfolio management team, and the first comment made is ‘this is nuts,’ it’s probably time to think about your overall portfolio risk. On Friday, that was how the investment committee both started and ended – ‘this is nuts.’” – January...
by Yahoo.com | Feb 27, 2024 | alerts, Markets/Economy
Consumer confidence took a step back in February. The Conference Board’s Consumer Confidence Index for February registered its first decline since November, “reflecting persistent uncertainty about the US economy,” said Dana Peterson, chief economist...
by Bloomberg.com | Feb 27, 2024 | alerts, Markets/Economy
Consumers taking on smaller projects, hurting kitchen sales Home improvement retailer is rolling out a DIY loyalty program Lowe’s Cos. said its sales will fall further this year as consumers continue to hold off from sprucing up their homes amid higher mortgage rates...
by Bloomberg.com | Feb 27, 2024 | alerts, Markets/Economy
Largest Canadian pension takes steps to limit office exposure Fund’s discounted sales may have ripple effects in the market Canadian pension funds have been among the world’s most prolific buyers of real estate, starting a revolution that inspired retirement plans...
