Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data

Opinion: The Federal Reserve is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Federal Reserve can’t see the probable economic crash that is coming because it’s still looking into the rearview mirror, where it sees nothing but high inflation. The danger arises because the consumer price index and the personal consumption expenditure price index — the two most important inflation gauges — have a fatal flaw in … Read more

Pensions Brace for Private-Equity Losses

Pensions Brace for Private-Equity Losses

Public pension funds are already reporting big losses in 2022. Things are likely to get worse. That is because the funds, which manage around $5 trillion in retirement savings for the nation’s teachers, firefighters and other public workers, haven’t yet factored in second-quarter returns on private equity and other illiquid investments.

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to August, and annual growth appears to be slowing down. Read More How much should I tip my housekeeper? My husband says that we should tip … Read more

The number of millionaires will nearly double around the world by 2026 and the US economy loses billions of dollars a year due to the sharp decline in refugee admissions

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is the ‘greatest generation,’ and calls baby boomers ‘disappointing’ ‘Boomers are gonna go down in history as the most disappointing generation ever,’ Cuban said. Read More What recessions? The number of millionaires will nearly double around the world by 2026 And China will … Read more

The number of millionaires will nearly double around the world by 2026 and the US economy loses billions of dollars a year due to the sharp decline in refugee admissions

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is the ‘greatest generation,’ and calls baby boomers ‘disappointing’ ‘Boomers are gonna go down in history as the most disappointing generation ever,’ Cuban said. Read More What recessions? The number of millionaires will nearly double around the world by 2026 And China will … Read more

US Incomes Fail to Grow for Second Year in a Row, Census Figures Show

US Incomes Fail to Grow for Second Year in a Row, Census Figures Show

Americans as a whole have experienced two years in a row of flat or declining household income, new government data showed Tuesday, reflecting the pandemic’s lingering economic pain as inflation is also taking the largest bite out of pocketbooks in four decades. In its annual assessment of the nation’s financial well-being, the Census Bureau said … Read more

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

At last, a glimmer of hope for tenants: asking rents for apartments fell actually between July and August, according to a new Apartments.com analysis — breaking a 20-month growth streak. “We’re seeing a complete reversal of market conditions in just 12 months, going from demand significantly outstripping available units to now new deliveries outpacing lackluster … Read more

Biden’s Half-Trillion-Dollar Student-Loan Forgiveness Coup

Biden’s Half-Trillion-Dollar Student-Loan Forgiveness Coup

Well, I did it. Waving his baronial wand, President Biden on Wednesday canceled student debt for some 40 million borrowers on no authority but his own. This is easily the worst domestic decision of his Presidency and makes chumps of Congress and every American who repaid loans or did not go to college. The President … Read more

Biden’s Student Loan Forgiveness Plan: What to Know

Biden’s Student Loan Forgiveness Plan: What to Know

President Biden’s student-loan plan will reduce or wipe out the debt of millions of borrowers. The plan eliminates up to $10,000 in federal-loan debt for individual borrowers with annual incomes of under $125,000 or couples who earn less than $250,000. Many borrowers will be eligible for total forgiveness up to $20,000 if they received Pell … Read more

How are public pensions faring with falling markets and rising inflation?

How are public pensions faring with falling markets and rising inflation?

My colleague, JP Aubry, just released an update on the state of public pensions in the wake of falling markets and rising inflation. Despite the recent alarm about the impact of lower asset prices and higher inflation on pension finances, his assessment of him is relatively sanguine. Admittedly, fiscal year 2022 has been difficult for … Read more