Economy

Economy refers to the system by which a society produces, distributes, and consumes goods and services. It encompasses all the activities related to the production, distribution, and consumption of goods and services, including the ways in which resources are allocated, prices are determined, and income is distributed.

The economy can be divided into different sectors, including the primary sector (agriculture, fishing, and mining), the secondary sector (manufacturing and construction), and the tertiary sector (services such as healthcare, education, and finance).

Jeff Greene
Economy

Real-estate billionaire Jeff Greene warns the US economy is headed for trouble – and house prices may tumble

June 8, 2023 Mark Paul Cervantes Comments Off on Real-estate billionaire Jeff Greene warns the US economy is headed for trouble – and house prices may tumble

Billionaire investor Jeff Greene expects a painful downturn and a potential slump in house prices. The real-estate tycoon says the Fed’s rate hikes will deal heavy blows to several industries. Greene expects an economic slump, […]

mortgages
Economy

Potential ‘time bomb’ for US economy looms as $1.5 trillion in real estate mortgages will come due within the next two years

June 6, 2023 Mark Paul Cervantes Comments Off on Potential ‘time bomb’ for US economy looms as $1.5 trillion in real estate mortgages will come due within the next two years

Some $1.5 trillion in mortgages will come due in the next two years – paving the way for a financial crisis as higher interest rates push down property values As this event looms, big banks such […]