by Mac Slavo | Sep 23, 2019 | Emergency Preparedness, Experts, Forecasting
David Rosenberg, the Gluskin Sheff chief economist and strategist, is warning that a recession is coming. Rosenberg says economic growth in the United States will turn negative sooner than most investors anticipate and the Federal Reserve is powerless. Even if the...
by Mac Slavo | Sep 19, 2019 | Emergency Preparedness, Experts, Forecasting, Headline News
For the first time in three years, the S&P 500 is in an earnings recession. And that’s not the worst news. Economists expect it to only get worse as the year progresses. According to a report by Market Watch, analysts surveyed by FactSet currently project a...
by Mac Slavo | Sep 19, 2019 | Emergency Preparedness, Experts
Because credit card rates are so much higher now than they were in the past, even a mild recession could crush those who carry credit card debt. The current national average interest rate on credit cards is 17.61%, just shy of the record set in July. By comparison,...
by Contributing Author | Sep 17, 2019 | Emergency Preparedness, Experts, Forecasting
This article was contributed by Tom Beck of Portfolio Wealth Global. Imagine that you were hibernating for 11 years – that in September 2008, you fell asleep and only awoke today. You haven’t been caught up in all the hype, the recession talk, Bitcoin, Brexit,...
by Mac Slavo | Sep 12, 2019 | Forecasting, Headline News
The markets are expecting the Federal Reserve to cut interest rates again at their September 17 -18 policy meeting. “The economy is in a good place, but not without risk and uncertainty,” said New York Fed President John Williams in a speech Wednesday. “Our role is to...
