News and Trends

Is a recession coming in 2020? Here's what most CFOs think- Fox Business--4.17.19
According to a group of U.S. CFOs, an economic slowdown is coming, and soon. On average, the group of CFOs is expecting a recession by the third quarter of 2020.

Even ‘top earners’ still might not be prepared for retirement- CNBC--4.16.19
Even "top earners" don't seem to have enough saved for retirement as you'd expect them to, according to a new study. Around 30% of people ages 51 to 56 who earn more than $80,000 a year have less than $200,000 saved for retirement.

Fewer millennials are making it into the middle class- CNN Business--4.11.19
Middle-income households are disappearing in developed countries around the world, according to a new report. A disappearing middle class could have serious consequences for nations' economic growth and social fabric.

World Bank President David Malpass says there is too much debt in the world- 4.11.19
World Bank President David Malpass says there is too much debt floating around in the world and China is to blame. China has lent trillions of dollars to other countries, including the U.S.

The Fed Created An Economy Of Zombies And Unicorns- Forbes--4.10.19
Central bankers have a playbook for handling recessions. It involves cutting interest rates, increasing liquidity, and shoving capital into the private sector. Then they gradually remove all the stimulus. Well, this playbook fell apart in 2008.

This economic slowdown is not a blip, warns strategist who manages $4.5B- Market Watch--4.10.19
Investors are dealing with mixed signals these days and how they react could have serious consequences for their portfolios, according to one expert.

The IMF slashes its global growth outlook to the lowest since the financial crisis- Markets Insider--4.9.19
The International Monetary Fund has cut its global growth outlook for the third time in six months, citing concerns over macroeconomic factors in developed and emerging countries.

The Trump administration wants to slap tariffs on $11 billion worth of goods from the European Union — here's the full list of products that could get hit- Business Insider--4.9.19
The Trump administration has announced a plan to increase tariffs on $11 billion worth of European goods as punishment for The EU's allegedly improper support of aircraft manufacturer Airbus.

Ray Dalio says wealth inequality is a national emergency- CBS News--4.7.19
Ray Dalio is alarmed about the growing divide between the haves and the have-nots. Dalio believes the American dream is lost and it should be considered a nation emergency.

Get ready for awful corporate earnings- CNN Business--4.7.19
The first quarter is over and we are about to find out how bad it was for big American companies. Many are anticipating that earnings had fallen for many companies during the first three months of 2019.

Trump urges Fed to lower U.S. interest rates- Reuters--4.5.19
President Donald Trump said on Friday the U.S. Federal Reserve should lower interest rates to ease pressure on the economy. President Trump also suggested the central bank pursue quantitative easing, which involves buying trillions of government-sponsored bonds.

Saudis Threaten To Ditch Petrodollar As "Nuclear Option" To Block NOPEC Bill- Zero Hedge--4.4.19
Reuters reports that Saudi Arabia is threatening to drop the dollar as its main currency in selling its oil if the U.S. passes a bill that exposes OPEC members to U.S. antitrust lawsuits.

JPMorgan: "Investors Should Start Building Hedges" As "Bad Omen" In Markets Resurfaces- Zero Hedge--4.4.19
One expert believes there are signs of complacency in U.S. equity markets which illustrates the need to hedge our equity overweight. As the world creeps closer to recession, investors should be prepared.

The Hidden Price of Cashless Retail- Fortune--4.3.19
There is a hidden problem associated with cashless establishments. Cashless retail allow a handful of giant banks and credit card monopolies to siphon more and more revenue from the productive economy, at the expense of consumers and businesses.

CFOs believe economic slowdown coming to US - and soon- Fox Business--4.3.19
According to a new study, nearly three-fourths of CFOs said they expect a deceleration of economic activity by the end of 2020. The CFOs also cited concerns about rising interest rates, declining consumer confidence and political concerns.

Survey: Businesses add jobs at slowest pace in 18 months- AP--4.3.19
Companies added the fewest jobs in 18 months in March, suggesting employers may have grown more cautious as signs of slower economic growth have emerged.

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