In the realm of financial markets, it has been humorously remarked by the esteemed economist Paul Samuelson that the predictions of recessions have occasionally exceeded the actual occurrences, with a ratio of nine anticipated downturns for every five that materialize.…
China is experiencing symptoms of Japanese-style stagnation, characterized by falling property prices and declining exports. At the same time, there has been a marked surge in growth in service-oriented industries and advanced manufacturing. The divergence between economists close to the…
At the start of this year, most UK households reported an increase in their living costs compared to the previous year - 92%. The cost of living crisis is hitting the UK's most economically disadvantaged households particularly hard, as they…
The euro area's economy experienced a resurgence in growth, with persistent underlying inflation pressures observed. This development supports the initial propositions advocating for the European Central Bank to consider another increase in interest rates. The second-quarter gross domestic product experienced…
Payday loan providers are often portrayed as antagonistic because they charge exorbitant interest rates to individuals, making it difficult for borrowers who depend on their regular income to repay the loan. According to studies, traditional banks also use fees to…
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Peter Bergman (MoneyAmped.com)