As the Federal Reserve continues to hike rates into a rapidly slowing economy, macroeconomic analyst Luke Gromen warns of a growing risk of a default-culminating “death spiral” in U.S. government debt that will force the central bank to hit pause on monetary tightening sooner than markets expect, and then restart the money printers full blast…
Looming Debt ‘Death Spiral’ Will Force Fed to Restart Money Printers Sooner: Expert
July 22, 2022
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Business & Marketsdebt death spiraleconomyFederal ReserveinflationInvestmentMarketspersonal financerecessionUSUS News
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Top 11 Summer Side Hustles for Retirees
Summer has always been a great time to relax and enjoy your free time, but now that you’re retired, it’s as good a time as any to take on a new side hustle. Unlike most other people who don’t have the luxury of time to spare to make some extra cash any time of the…
Exxon Mobil Leads The Oil Sector: Have Both Peaked?
Article by Kate Stalter It’s pretty easy to find stocks in freefall these days, especially in sectors like technology and travel and leisure, but energy giant Exxon Mobil (XOM) is correcting in an orderly fashion. Before examining its current base, let’s review its performance over recent time frames: Year to date: +47.13 percent Three months: +1.58 percent One month: +2.50 percent…
Closing Prices for Crude Oil, Gold and Other Commodities (July 21)
Benchmark U.S. crude oil for September delivery fell $3.53 to $96.35 a barrel Thursday. Brent crude for September delivery fell $3.06 to $103.86 a barrel. Wholesale gasoline for August delivery fell 13 cents to $3.15 a gallon. August heating oil fell 1 cent to $3.59 a gallon. August natural gas fell 7 cents to $7.93…
Power of Attorney, and Mistakes That Could Cost You Dearly
If medical complications leave you incapable of making decisions, a power of attorney (POA) will delegate legal authority to someone else to make them for you. That individual (the agent) can then make decisions for you (the principal) that include legal, financial, medical, and business matters. Why You Need a Power of Attorney Document Before anything…
Inflation a ‘Huge Problem,’ Democrat House Leader Admits
In the latest Democrat acknowledgment of America’s cost-of-living squeeze, House Majority Leader Rep. Steny Hoyer (D-Md.) told Fox News that red-hot inflation is a “huge problem” for households. Hoyer made the remarks in an interview on Fox News’ “Your World” program that aired on July 20. “Inflation is a huge problem. It’s a huge problem…
Nearly 30 Percent of Gen Z Living Permanently With Parents Amid Inflation Squeeze
Amid surging rental prices, nearly 30 percent of Americans born in the late 1990s and early 2000s still live at home with their parents or relatives, according to a new survey. The survey was conducted by Qualtrics on behalf of Credit Karma, from June 10 to June 15, among 1,022 U.S. adults between the ages of…
Don’t Let Emergencies Ruin Your Vacation
July 20, 2022
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BrightbudgetingFuture Planninginsurancepersonal financeReimbursementTravel InsuranceTravel Insurance for Summer VacationWealth Management
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Now that summer has arrived, it is the perfect time to travel abroad. You are almost ready to take that trip you have diligently planned and waited for. Should you purchase travel insurance? Despite your planning, problems can occur that may delay or ruin your vacation. Travel insurance could ease the stress of unexpected travel…
Over 60 Percent of Americans Blame Biden Administration for Red-Hot Inflation
July 20, 2022
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biden administrationBusiness & Marketseconomic policieseconomyEuropeFederal debtinflationMarketspersonal financerecessionRussia-Ukraine crisisRussia-Ukraine WarUSUS interest ratesWorld
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A majority of Americans, 61 percent, blame the Biden administration for soaring inflation, which is currently at a 40-year-high, according to a new survey published by WalletHub on July 20. The survey was conducted online from July 4 to July 8 to gauge what people know about the interest-rate increases by the Federal Reserve (Fed) and how they impact consumers’…
Closing Prices for Crude Oil, Gold and Other Commodities (July 20)
Benchmark U.S. crude oil for August delivery fell $1.96 to $102.26 a barrel Wednesday. Brent crude for September delivery fell 43 cents to $106.92 a barrel. Wholesale gasoline for August delivery fell 3 cents to $3.28 a gallon. August heating oil fell 2 cents to $3.60 a gallon. August natural gas rose 74 cents to…
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