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The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ...
The "mother of all bubbles" is due to pop soon as U.S. outperformance has been inflated by massive amounts of debt, warned Ruchir Sharma, chair of Rockefeller International. The U.S. has become ...
One explanation posits that tuition increases simply reflect the increasing costs of producing higher education due to its high dependence upon skilled labor.According to the theory of the Baumol effect, a general economic trend is that productivity in service industries has lagged that in goods-producing industries, and the increase in higher education costs is simply a reflection of this ...
A new joint investigation by American Banker and the San Antonio Current details the organization’s many problems and how the bank and insurer is currently “navigating a minefield of its own ...
This coincided with strong consumer demand, driven by low unemployment and improved financial conditions following the pandemic. [24] The higher demand caused by the U.S. government's $5 trillion aid spending exacerbated supply-side issues in the United States; according to the Federal Reserve Bank of San Francisco researchers, this contributed ...
Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...
Americans have abandoned 29.2 million 401(k) accounts holding trillions in assets. You can find them using a new government database or calling past employers.
Popular articles published in the mass media have led the general public to believe that the majority of economists have failed in their obligation to predict the financial crisis. For example, an article in The New York Times noted that economist Nouriel Roubini warned of such crisis as early as September 2006, and stated that the profession ...