Category Archives: Business & Economy

Which US States Are Most Exposed To China And Mexico Tariffs

Which US States Are Most Exposed To China And Mexico Tariffs

JPMorgan recently examined what types of goods the US imports from China and Mexico and where they go. While it is still too early to see much reaction to the news on trade policy from recent weeks in the economic activity data, JPM thinks that “understanding the cross section of goods imports will be useful in observing effects of the tariffs over time.

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Millennial Net Wealth Collapses, Study Finds

Millennial Net Wealth Collapses, Study Finds

The net worth of millennials (18- to 35-year-old) has collapsed 34% since 1996, according to a new, shocking report from Deloitte. Millennials are financially worse off than any other generation before them. With student loans, auto and credit card debts, rising rents, and out of control, health-care costs have pushed their average net worth below $8,000.

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New Rule Could Allow Debt Collectors To Spam 49 Million Americans With Emails And Texts

New Rule Could Allow Debt Collectors To Spam 49 Million Americans With Emails And Texts

The Consumer Financial Protection Bureau (CFPB) under the Trump administration, has published a Notice of Proposed Rulemaking (NPRM) to amend the Fair Debt Collection Practices Act (FDCPA). The CFPB’s proposal would change Regulation F to direct Federal rules overseeing the activities of debt collectors. The new proposal would allow debt collectors to call consumers as frequently as seven times per week and be permitted to start sending emails and texts.

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The Glut Cometh

The Glut Cometh

All the economic shell-gaming that has been happening since the 2008 crash may finally be coming to a head for the American Auto Industry. Interest rates can’t be kept low to no anymore and car loans can’t be extended much more, either. More than 4.2 million new cars are stacked up unsold as of this month – which is an alarming half-million more cars than were stacked up before. Why? Because people can’t afford to buy new cars. For many, the difference between a $399 per month payment and a $475 per month payment (or whatever the amount depending on the buyer/car) is causing people to hesitate where they previously would have signed the paperwork.

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Record Ship-Breaking Suggests World Economy Slowing

Record Ship-Breaking Suggests World Economy Slowing

As world trade volume rolled over in late 2018 and into the new year, a sharp decline in shipping rates across all vessel types forced some operators to scrap their ships in Southeast Asia in the first three months of the year, reported The Wall Street Journal. In all regions of the world, warning signs are flashing red about the health of developed and emerging economies.

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How The Fed’s Six Years Of QE Transformed Young Americans Into Socialists

How The Fed’s Six Years Of QE Transformed Young Americans Into Socialists

The Fed’s quantitative easing (QE), also known as large-scale asset purchases, inflated asset prices and bailed out baby boomers at the political cost of pricing out millennials from many asset markets, including homes and the stock market. That has since driven wealth inequality across the country to levels never seen before. When expansionary monetary policy drives asset prices higher than wage growth, the average person, or the entire bottom 90% of Americans, fall behind the curve.

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$100 Bills See Mysterious Surge In Circulation

$100 Bills See Mysterious Surge In Circulation

The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in circulation. Generally, economists believe the surge is related to people around the world wanting to hoard cash but, multiple factors could explain the increase in C-notes.

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