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“US job growth solid in December; unemployment falls to 3.5%” The U.S. economy maintained a strong pace of job growth in December, with the unemployment rate falling to 3.5%, but higher borrowing costs as the Federal Reserve fights inflation could see the labor market momentum slowing significantly by mid-year. Nonfarm payrolls increased 223,000 last month, the Labor…
“‘Big Short’ investor Michael Burry warns ‘another inflation spike’ is coming” Hedge fund wizard Michael Burry kicked off the new year with another dire prediction about the US economy, warning this week that a recession is already underway and another spike in inflation is likely in the near future. Burry, the CEO of Scion Asset…
“Paypal as Big Brother, not out of woods on inflation and other commentary” Tech desk: Paypal as Big Brother “Fifty-eight percent of Americans use PayPal, and in 2021, there were 19.3 billion PayPal transactions,” notes Rupa Subramanya at The Free Press. But it’s “becoming a police officer” by “locking out of the financial system those…
“Fed slows pace of rate hikes as inflation cools” The Federal Reserve dialed back the pace of its inflation-fighting effort on Wednesday as officials seek a delicate balance between taming prices and avoiding a sharp recession. The rate-making Federal Open Market Committee hiked its benchmark interest rate by a half percentage point following a two-day…
“Recession fears rise as Fed eyes another interest rate hike” Investors are increasingly worried that the Federal Reserve will steer the US economy into a major recession – even as policymakers meet Tuesday to consider voting on a seventh straight interest rate hike. The Fed is widely expected to enact a half-percentage point interest rate…
“WH’s lame Afghanistan spin, a Fed boss in denial and more” Diary of disturbing disinformation and dangerous delusions This claim: “Nations like China and Russia took a look at what we did in Afghanistan . . . [and] had to marvel at the speed, the efficiency . . . ” — Biden spokesman John Kirby,…
“‘Big Short’ investor Michael Burry warns US doomed to ‘multi-year recession’” Burry has repeatedly warned the US economy is in the midst of a major downturn. If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. For…
“Hyperinflation could cause worst economic crisis since WWII, fund warns” The global economy is at risk of crippling hyperinflation and “extraordinary” conditions that could prompt the worst financial crisis since World War II, according to major hedge fund Elliott Management. Elliott Management, led by famed billionaire investor Paul Singer, warned clients that extreme conditions present…
“Jeremy Siegel warns Fed risks causing ‘depression’ by using core inflation to set policy” The Federal Reserve risks causing an economic “depression” if it relies on core inflation readings to determine when it should stop hiking interest rates, Wharton professor Jeremy Siegel warned Thursday. Siegel, who has previously accused the Fed of tanking the economy,…
“Fed’s Charles Evans says inflation fight top priority even if unemployment ‘goes up a lot’” Chicago Federal Reserve President Charles Evans reiterated Monday that the fight against inflation is the Fed’s most important mission — even if that effort causes a major rise in US unemployment. Evans argued that any uptick in unemployment would be…