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).

Debt Ceiling
Economy

Markets Week Ahead: Nasdaq, Gold, US Dollar; Debt Ceiling, US PCE, Germany Ifo, UK Inflation, RBNZ, Australia Retail Sales

May 22, 2023 Mark Paul Cervantes Comments Off on Markets Week Ahead: Nasdaq, Gold, US Dollar; Debt Ceiling, US PCE, Germany Ifo, UK Inflation, RBNZ, Australia Retail Sales

Global equity markets jumped while gold dropped in the past week on growing hopes of a deal in Washington to raise the debt ceiling to avoid a catastrophic default. However, some of the optimism scaled back after […]

Fannie Mae
Economy

Fannie Mae: The housing market recession isn’t over—and soon it’ll help spur a ‘mild’ U.S. recession

May 22, 2023 Mark Paul Cervantes Comments Off on Fannie Mae: The housing market recession isn’t over—and soon it’ll help spur a ‘mild’ U.S. recession

Combined with tightening credit for construction lending, which we expect will soon be realized by a slower new project pipeline, we are expecting a significant slowdown in starts later this year,” wrote Fannie Mae economists […]

Home
Economy

People are flooding open houses and feverishly bidding on homes even after predictions of a market crash and bargain-basement prices. Here’s why.

May 22, 2023 Mark Paul Cervantes Comments Off on People are flooding open houses and feverishly bidding on homes even after predictions of a market crash and bargain-basement prices. Here’s why.

After a grueling winter of dashed hopes, US home shoppers are going through a brutal spring homebuying season. If you’re in the market at all, odds are that you’re paying up for a home instead […]

Inflation
Economy

Inflation might be subsiding–but a proposed ‘can tax’ could mean higher grocery prices for American consumers

May 18, 2023 Mark Paul Cervantes Comments Off on Inflation might be subsiding–but a proposed ‘can tax’ could mean higher grocery prices for American consumers

Wholesale prices in the United States are decelerating–the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve started increasing interest rates. This is good news for American consumers. […]