Analyst Warns Investors Against Crypto Assets Amid Worsening Economic…
Macro Strategist earlier this week Mike McGlone warned investors that cryptos that outperform other assets could plummet if deflation sets in. In a tweet on Wednesday, McGlone said he remains cautious on crypto assets amid a deteriorating economic climate. The strategist wrote that “a deflationary collapse may be gaining traction, as evidenced by falling commodities […]
Yellen: Debt ceiling hike crucial to avoid ‘economic catastrophe’
Minister of Finance Janet Yellen on Tuesday reportedly warned that if Congress does not raise the government’s debt ceiling – and cause a default – it would result in “economic disaster”. drive up interest rates for years to come. What happened: In a speech prepared for an event in Washington, Yellen said a default on […]
Fear & Greed Index Remains in ‘Greed’ Zone After Economic Data -…
The CNN Money Fear and Greed Index remained in the “greed” zone on Friday. US stocks ended lower on Friday as investors digested the latest economic reports. US retail sales fell 1% mom in March versus a revised 0.2% decline in February. The US import price index fell 0.6% mom in March, while export prices […]
Larry Summers warns of a ‘dangerous decline’ in economic activity if…
The the strong data points from the past week led experts to speak of “longer higher rates”. Former Minister of Finance Larry Summer offered his opinion on the data and the near-term development of the Fed’s interest rates. What happened: The Fed has been trying to put the brakes on and it doesn’t look like […]
Former Secretary of Labor Robert Reich believes in the greatest economic history of the…
fformer Minister of Labor Robert Reich believes The greatest economic history of our time is not about supply and demand; rather, it is about institutions and politics. “It’s about power,” he said in late December 2022. What happened: in one Video, Reich highlighted the fact that the average annual earnings for full-time employees and employees […]
Government of Canada supports clean air and local economic growth through…
EDMONTON, AB, February 3, 2023 /CNW/ – The government of Canada is taking meaningful action as part of its Greening Government Strategy commitment to power federal buildings with 100% renewable electricity by 2025 to help fight climate change and support local renewable energy projects. Today the Honorable Randy Boissonnault, Minister for Tourism and Deputy Treasury […]
The City of Las Cruces announces rapid tracking of economic development …
LAS CRUCES, NM, Jan. 23, 2023 (GLOBE NEWSWIRE) — The City of Las Cruces announces the launch of its Fast Track permitting program, a new process designed to expedite permitting for businesses wishing to locate or expand their footprint there the city of Las Cruces. The Las Cruces City Council passed a resolution Establishment of […]
Larry Summers thinks economic forecasting is like airports: “They say…
former Minister of Finance Lawrence H Sommer believes it will take a long time to get inflation where it is federal reserve would like it to be so and that it would be a little more sustainable than expected. “The labor market is strong and we are still in unprecedented territory in terms of the […]
Albuquerque Regional Economic Alliance Adds Executive Vice President…
Albuquerque, NM, Dec. 05, 2022 (GLOBE NEWSWIRE) — Today, the Albuquerque Regional Economic Alliance (AREA) announced that Scott Powell has joined its workforce as executive vice president. Scott will support and drive the implementation of the recently agreed 5 year agreement AREA 1.0 Strategic Plan, designed to establish a national identity that attracts business, jobs […]
This economic indicator jumps ahead of Wednesday’s Fed decision…
US job vacancies have unexpectedly jumped in the past month, suggesting that labor demand remains strong despite the Those of the Federal Reserve Efforts to cool inflation and ease historically tight labor markets. What happened: Vacancies rose to 10.7 million in September Data the Bureau of Labor Statistics released on Tuesday. The number was above […]