Economic Indicators Suggest Downturn Decline in Real Retail Sales and Industrial Production David Rosenberg's analysis paints a troubling picture for the U.S. economy, with real retail sales having declined by 1.8% over the past year, hinting at dwindling consumer spending power. Considering
The U.S. economic climate is defying typical patterns. Despite high interest rates, which usually foreshadow an economic slump, the economy remains robust. This dissonance between expected outcomes and the current financial resilience is worth investigating. In a detailed analysis, reasons for this
Facing economic uncertainties in China, Fidelity International has decided to downsize the workforce at its China fund division by 16%, letting go of 20 employees from its 120-member team. This move comes amidst market volatility that continues to affect operations within the world's second-largest
The COVID-19 pandemic has magnified global inequalities, bringing into sharp focus the divide between the affluent and the less fortunate. What began as a health crisis quickly rippled out into an economic and social catastrophe, underscoring the gulf that separates different societal strata. The
In 2023, the U.S. faced a banking crisis, with the collapse of Silicon Valley Bank (SVB) and three other mid-sized banks capturing national attention. Although government interventions stabilized the initial turmoil, leading economists, including Viral V. Acharya and Raghuram Rajan, raised concerns
Evaluating the Current Economic Landscape The United States economy, negotiating a tightrope walk between growth and inflation, finds its monetary policy at a critical inflection point under the watchful gaze of the U.S. Federal Reserve. With inflation rates persistently breezing past the Fed's 2
