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).

Economic Downturn
Economy

Housing Market 2023: 90% of Americans Don’t Invest in Real Estate During an Economic Downturn, Should You?

May 17, 2023 Mark Paul Cervantes Comments Off on Housing Market 2023: 90% of Americans Don’t Invest in Real Estate During an Economic Downturn, Should You?

An economic downturn can be a scary time for investors. As consumers spend less, company profits are reduced which can spell trouble for the stock market. If you’re planning to stay invested during uncertain times, should […]

California
Economy

California’s six-figure earners can fall behind on bills each month, study finds – Transportation (Gas & Electricity for EVs) are huge percentages, while Taxes are not part of the calculation.

May 15, 2023 Mark Paul Cervantes Comments Off on California’s six-figure earners can fall behind on bills each month, study finds – Transportation (Gas & Electricity for EVs) are huge percentages, while Taxes are not part of the calculation.

Earning a six-figure income has long been a sign of success and financial stability for American workers. However, with high inflation and cost of living expenses, families who reach that yearly income could still be struggling financially — […]

US inflation
Economy

US inflation just hit the lowest in almost 2 years, throwing further Fed rate hikes into question. Here’s how President Joe Biden, Paul Krugman, David Rosenberg, and 4 others reacted.

May 12, 2023 Mark Paul Cervantes Comments Off on US inflation just hit the lowest in almost 2 years, throwing further Fed rate hikes into question. Here’s how President Joe Biden, Paul Krugman, David Rosenberg, and 4 others reacted.

US inflation has cooled to its slowest pace since May 2021, casting doubt on further Fed interest-rate hikes. Annual gains in the Consumer Price Index declined to 4.9% in April, according to data released Wednesday. […]