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).

Commercial real estate will suffer a recession if banks don’t start lending again, warns property billionaire Ross Perot Jr.

June 1, 2023 Mark Paul Cervantes Comments Off

The Commercial Real Estate sector is at risk of a recession, warned Ross Perot Jr. The real estate billionaire said banks needed to lend to the industry to avoid a sharp downturn. Some lenders have […]

Australia’s central bank warns of inflation risks, pain ahead for households

May 31, 2023 Mark Paul Cervantes Comments Off

The head of Australia’s central bank on Wednesday pledged to do whatever is necessary to bring inflation back to target, warning that risks to inflation are on the upside and households should brace for the pain ahead. Appearing before lawmakers, Reserve Bank of Australia Governor Philip Lowe […]

NEMETHY: Small US banks and commercial real estate – a doom loop?

May 30, 2023 Mark Paul Cervantes Comments Off

There is the possibility of a doom loop between Small US banks and commercial real estate. The scenario looks like this: Small banks in the US hold over 70% of commercial real estate loans. Prices […]

Gold Recoups Some Losses, US Debt Ceiling, Inflation In Focus

May 26, 2023 Mark Paul Cervantes Comments Off

The near-term climate isn’t constructive for the oldest financial haven of them all. Reports of progress toward raising the US Federal debt ceiling have weighed on the market, chiming with a widespread belief that a […]

Stalled US debt talks, inflation woes hit stocks

May 25, 2023 Mark Paul Cervantes Comments Off

While the risk of a default that could precipitate a recession is bad for the United States, investors worried about the repercussions for the global economy have turned away from riskier assets World stocks dropped […]

What a government shutdown or default could mean for home buying

May 24, 2023 Mark Paul Cervantes Comments Off

President Biden and House Speaker Kevin McCarthy, Republican of California, have locked horns over the $31.4 trillion debt ceiling. If Congress refuses to raise it, it could force the government to shut down and risk default […]

Column: Breakevens say US inflation scare over, but Fed won’t buy it

May 24, 2023 Mark Paul Cervantes Comments Off

ORLANDO, Florida, May 23 (Reuters) – A key market-based measure of U.S. inflation expectations is back at 2%, suggesting bond investors, at least, are confident the Federal Reserve’s 500 basis points of interest rate hikes […]

PacWest shares extend gains on $2.6 bln real estate loan sale

May 24, 2023 Mark Paul Cervantes Comments Off

(Reuters) – PacWest Bancorp’s (PACW.O) shares rose nearly 13%, extending gains from the previous session driven mostly by news that the lender would sell $2.6 billion worth of its loan portfolio to bolster its finances. The stock […]

Commercial real estate poses risks to US banks – and lenders should brace for higher interest rates, JPMorgan CEO Jamie Dimon warns

May 23, 2023 Mark Paul Cervantes Comments Off

The US banking sector is still recovering from the worst turmoil since the 2008 financial crisis, but its troubles may be far from over. JPMorgan & Chase CEO Jamie Dimon has warned that the next […]

UK Economy to Avoid Recession but Inflation Still a Worry, IMF Says

May 23, 2023 Mark Paul Cervantes Comments Off

LONDON (AP) — The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund. In its latest assessment of the U.K. economy, the Washington-based fund said domestic […]