Economy

Another Massive Transfer Of Wealth Incoming

The Biden economy is killing small businesses and seeing personal savings accounts dwindle to historic lows as Americans deal with another round of depleting wealth. The last significant blow to personal wealth and US small business owners came during the Covid pandemic when lockdowns instantly closed over 30 million small businesses and depleted individual savings …

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How to save money on groceries: Queenie Tan shares top tips

Finance pro, 26, reveals four grocery shopping hacks to save money every week – and the best time to shop Queenie Tan is a finance guru who’s shared how to save money on groceries The 26-year-old posted a video on Instagram and outlined four tips She always builds her weekly meal plan using discounted purchases …

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‘There will be a China Go Home campaign soon, and I will lead it,’ warns Lanka MP | World News

Sri Lankan Member of Parliament Shanakiyan Rasamanickam has warned that he will lead a “ChinaGoHome” campaign if the Chinese Embassy and its government do not work for the benefit of his countrymen and fail to restructure debts, according to local media. Tamil National Alliance (TNA) MP Rasamanickam has raised questions over the Chinese Embassy’s involvement …

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Investors bet on interest rate cuts in 2023 despite Fed signals

Investors predict the Federal Reserve will cut rates when faced with a slowing economy next year, betting the US central bank is far closer to ending its historic monetary tightening campaign than it has signaled. Traders in the US government bond market are wagering that the Fed will be forced to cut interest rates twice …

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Crypto ‘smart’ money? Big traders fell for Sam Bankman-Fried

I was shocked when I first learned how a hot mess like Sam Bankman-Fried got away with convincing so many seemingly smart people — big money managers, venture capitalists and all those celebrity ambassadors — that he was such a boy genius of investing, they should turn over lots of money for him to play …

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Inflation Around the World: How Does the US Compare to Canada and the EU? -Mishtalk

Inflation data from St. Louis Fed, chart by Mish Credit for the chart idea itself goes to the St. Louis Fed. I downloaded the data and created my own charts to better hone in on the data. Year-Over-Year Inflation Seven Countries Detail Inflation data from St. Louis Fed, chart by Mish The EU lags badly …

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BofA Warns of Looming Unemployment Shock, Recommends Selling Stock Rallies

Bank of America (BofA) analysts are warning of a collapsing US labor market and a potential rise in unemployment next year. They also recommend selling a stock market rally ahead of the likely surge in job losses. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation …

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Brexit has fueled a surge in UK food prices, says Bank of England policymaker | UK cost of living crisis

Brexit is contributing to a surge in food prices as the country heads into recession, a senior Bank of England policymaker has warned. Swati Dhingra – the newest member of the Bank’s monetary policy committee (MPC), which sets interest rates – also used an interview with the Observer to suggest that the coming run of …

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Apple plans to LEAVE China as COVID protests delay production of its products

Apple is planning to move parts of its production out of China after violent governmental protests delayed the company’s production – as CEO Tim Cook eyes up Vietnam and India as new hubs. The tech giant has accelerated plans to leave Zhengzhou, China – where iPhone City is located – in recent weeks, a source …

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