It’s hard to forget the brief, pandemic-induced bear market of 2020. Perhaps even more memorable is how the Federal Reserve responded. The central bank said it would use “any means necessary” to shore up the economy… and the markets. The freefall stopped and reversed. U.S. stocks went on to new highs. And the markets ignored …
The Federal Reserve is raising interest rates. And Fed Chairman Jerome Powell has made it clear that he’s focused on fighting inflation… In mid-May, Powell said he would tackle the problem of rising inflation. And even “if that involves moving past broadly understood levels of neutral, we won’t hesitate to do that.” That’s Fed-speak for …
The government locked its own citizens in their apartments for nearly two months… At this point, we’ve all seen the news out of China. The country’s COVID-19 “zero tolerance” policy is nearly absolute. And it has angered almost everyone… Residents of China’s two largest cities, Beijing and Shanghai, were stuck inside their homes. And in …
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Kelly really likes Jim… So she asks Jim’s friend out in an effort to get his attention. Ralf wants a new bike. He won’t stop talking about a shiny red one. It’s perfect for him… But when Ralf gets to the store, he buys a used green bike because it was on sale. Charles sees …
“They’re out of stock in my size.” We’ve all been there. Buying clothes can be a pain. So on its face, solving that problem seems like an admirable goal. It’s exactly what retailer Old Navy set out to do last summer… In short, the company’s top brass embraced “inclusive” sizing. Executives announced a plan to …
Nothing is worse than being too hot at night… We’ve all experienced it. A hot bedroom can make you toss and turn in bed. It’s hard to sleep when you’re not comfortable. Fortunately, most Americans don’t need to deal with this problem often… You see, electric power in the U.S. is generally reliable. Yes, the …
Investing in This Monopoly Is Exciting Right Now Read More »
Meals went cold. Some customers waited hours for their supposedly “free lunch.” The crush overwhelmed kitchen workers all over the city. But it wasn’t the restaurants’ fault… A third-party website offered a special promotion. This website is a regular thorn in restaurant owners’ sides. Not surprisingly, the website crashed – twice. It couldn’t handle the …
The dot-com boom began in 1995. At the time, the Nasdaq Composite Index was around 750… And the tech-heavy index soared to more than 5,000 by March 2000. That’s a sixfold gain in roughly five years. Of course, some dot-com companies did even better than that. But there was a big problem… Most of these …
Our first big battle with “stagflation” happened more than 50 years ago… And now, we’re preparing to fight another one. If you’re not familiar, stagflation has two core parts. The first part is slowing economic growth. And the second is high inflation. For generations, economists didn’t think this combination could happen… You see, inflation normally …
Folks, the stock market has gyrated up and down over the past seven months… The S&P 500 Index climbed as high as 4,800 at the start of this year. Then, it plunged to less than 4,200 by early March. And in the end, it’s at roughly the same place today as it was in early …
