Economy and Trends

Is there a Slump in Start-Up Companies?

Say it isn’t so. The little engines that could, which are small businesses across America, may be on a slight demise. Economists say big businesses like Amazon, Google, and Facebook are hurting entrepreneurship and creating a startup slump in America, according to a report in The New York Times. Let’s look at the numbers. In 2015, some 414,000 new businesses were ...

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Big Techs Race to be your One-Stop Shop Content Provider

I of low maintenance have one remote. I recently visited a friend and sat down and noticed multiple remote devices on the coffee table. She began to explain to me what duty each one performed. “This one is for Netflix, but not volume. This one gets Hulu and will do the volume, but you have to press this button to ...

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President Trump Critical of Fed Rate Hikes

Harsh rhetoric from President Donald Trump to Federal Reserve Chairman Jerome Powell regarding interest rates and the state of the economy. The banter between the two has been rather one-sided, with the President hitting Twitter, and Powell staying relatively under the radar with comment. The Fed will be sticking to its plans to continue gradual rate hikes, according to the ...

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Student Loan Debt may take a turn for the Worse

Who would have thought the day would come when a young man or woman would have more educational debt than mortgage debt in their home. For most Americans, the mortgage is still the main debt load, but in Pittsburgh, for instance, 12.6 percent of borrowers owe more for their educations than they do for their homes, according to Magnify Money. ...

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Bond Market Braces for Mid-Term Elections

Regardless of which side of the aisle is triumphant in November, the U.S. bond market is likely to suffer either way. A democratic congress is likely to push through a GOP style trillion dollar infrastructure package.  A Republican legislature will likely advocate for tax cuts part 2. Both of which spell one word loud and clear: debt. While the Fed ...

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Powell: “We May Go Past Neutral”

Fed Chairman Powell spooked the market again this week and that is not the first time he has done that this year. In a speech co-hosted by The Atlantic Magazine and the Aspen Institute, Powell made comments that sent bond prices tumbling and yields jumping. Essentially he explained that he sees three stages for interest rates—accommodative, neutral, and restrictive. Powell ...

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Mandated Wage Increases Doom 40 Percent of Venezuelan Businesses

Another day, another terrible economic woe befalls the people of Venezuela at the hands of the Maduro regime. The latest in failed attempts to reduce starvation and utter poverty were to increase the minimum salary by nearly 3,500 percent in one fell swoop, according to the National Council of Commerce and Services of Venezuela. The strong-arm tactics of President Nicolas ...

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U.S. China Trade War Real or Rhetoric

The power play of threats and media coverage is on again in the U.S v. China trade war, pitting the world’s two largest economies against each other. Each nation has thrown out financial tariff numbers and has made return volleys. Experts speak all day-every day on how this will affect everything from sliced bread to nuclear missiles. The latest back-and-forth ...

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Consumers, the Fed, and the President

It has been an interesting week in terms of economic news. The economic reports have included information about consumers, the Fed Open Market Committee and the President. Coming in to the week, the Fed meeting was expected to be the highlight of the economic calendar and it didn’t disappoint—even though it did just what everyone expected. Before we get to ...

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