Comment this story Comment After hitting $5 a gallon in June, gasoline prices fell precipitously. The national average for regular gasoline is now around $3.30, and in 13 states the average is below $3, while the national average could be by Christmas. If your car has a 15-gallon tank, that means you’ll soon only be …
Reviews | Republicans, it’s okay not to thank Biden for lowering gas prices Read More »
Comment this story Comment President Biden still faces the threat of a recession. He has no assurance that Republicans will refrain from forcing the US Treasury to default on debt over the next two years. For now, however, he can take comfort in a recent string of good economic news. Most important was the dog …
Reviews | Biden is right to be cautiously optimistic about the economy Read More »
Comment this story Comment For the most part, the jobs numbers released on Friday were excellent: stronger-than-expected job growth, near-record unemployment, hiring across most major sectors of the economy. None of these measures signal an economy in recession, despite the widespread perception among voters that we are already in one. A troubling puzzle remains, however. …
Comment this story Comment Investors have been watching Federal Reserve Chairman Jerome H. Powell’s remarks closely this week for clues about the next interest rate hike. They had a few. But if you’ve been paying attention, you may have noticed something far more significant, Powell says. Powell, one of the most powerful policy makers in …
Reviews | In praise of officials who can admit when they’ve been wrong Read More »
A year ago, Bitcoin and other cryptocurrencies were selling at record highs, with a combined market value of around $3 trillion; glossy commercials featuring celebrities — the most infamous of Matt Damon’s “Fortune Favors the Brave” — filled the airwaves. Politicians, including, alas, the mayor of New York, scrambled to align themselves with what seemed …
The central economic debate in the United States right now is how aggressive the Federal Reserve should be in its efforts to reduce inflation. Few economists argue against the need for higher interest rates to reduce demand, but there are trade-offs, at least in the short term. If monetary policy is too restrictive, we may …
Reviews | Does inflation disproportionately harm the poor? Read More »
The newest monetary system in the world can be undone by the oldest problem there is. A few weeks ago, Sam Bankman-Fried’s FTX cryptocurrency exchange crashed in a classic run. Investors were spooked by the evidence that the exchange had mismanaged their money and couldn’t refund them, so they panicked. And they were right. They …
Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. The bottom line: BNC National Bank offers mortgage options to a wide …
NBC National Bank Mortgage Review: Positive Customer Reviews, Wide Variety of Mortgages Read More »
And he promised to give away that magic internet money just as quickly: to the Democrats, for whom he was the second largest donor in the mid-term round and to whom he nonchalantly promised up to $1 billion by 2024; work on pandemic prevention policies; to journalistic start-ups and a whole host of causes affiliated …
Reviews | At what stage of capitalism is Sam Bankman-Fried? Read More »
Comment this story Comment Peter R. Orszag, managing director of financial advisory at Lazard, is a former director of the Office of Management and Budget and the Congressional Budget Office. Could 2023 be the year the debt ceiling time bomb finally explodes? In October, House Minority Leader Kevin McCarthy (R-Calif.) warned that Republicans planned to …
Reviews | Threats to weaponize the debt ceiling are more dangerous than ever Read More »
