CNN (July 26)
Is the U.S. “heading for a recession” or “already in one”? Since “it already feels like a recession, such fine distinctions may not matter. “Soaring prices… make it tougher to pay for everyday expenses and monthly bills. The stock market has tanked this year. Home sales have started to slip. Consumer confidence is low.” One mid-July poll found that 65% of US voters already “think we’re in a recession.”
Tags: 65%, Bills, Consumer confidence, Expenses, Home sales, Prices, Recession, Soaring, Stock market, U.S.
Investment Week (June 22)
“UK inflation has hit another 40 year high of 9.1% in May, up from 9% in April. The slight increase from already record high inflation rate came largely from rising food and non-alcoholic beverage prices,” while gas and diesel prices rose to “the highest on record.” The “top financial priority” for 58% of UK adults is now “day to day costs, like paying bills and for food.”
Forbes (January 20)
In the U.S., the debt-ceiling has become a dangerous bargaining chip, which should be eliminated. “A nation cannot simply spend and spend. Yet the conversation about growing more pennywise must be divorced from the one about the debt limit. By the time talk turns to the ceiling (currently more than $16 trillion), the bills already exist—and pols are basically advocating for dine-and-dash en masse. Better to accrue fewer to start than use a devastating event to pressure the spending conversation.”
Tags: Bills, Debt ceiling, Spending, U.S.
