Economy Archives - Page 6 of 17

Top Economic Forecaster: Recession Coming in 2024

A top economic forecaster has stated that America will enter a recession in 2024 after the economy slows down next year. The recession will be brought on by American industry continuing to slow down, according to economic forecaster ITR Economics. “We’re still calling for more of a slowing growth cycle…

50% of American Workers Say They Plan to Quit Their Jobs in 2023

Amid widespread layoffs and hiring freezes under Democrat President Joe Biden's economy, around 50 percent of American workers say they plan to quit their jobs in 2023, new data shows. The uncertain economy is driving key players in the tech, automobile, media, and food industries to make unprecedented cutbacks in…

Ex-Treasury Secretary: Recession Is Coming and It Won’t Be Mild

Larry Summers, who served as Bill Clinton's Treasury Secretary and Barack Obama's National Economic Council advisor, has warned that a recession is coming and that it will not be a mild one. Speaking during an interview with MSNBC on Thursday, Summers said that the Federal Reserve will have to face…

Rand Paul Revolts: ‘Republicans Are Emasculated’ and ‘Unwilling to Gain Power Back’

Senator Rand Paul (R-KY) has ripped Senate Minority Leader Mitch McConnell (R-KY) and other Republican senators for caving to President Joe Biden and the Democrats, warning that the GOP has been “emasculated.” During a fiery appearance on Larry Kudlow's Fox Business show, Paul blasted all sides over the bipartisan spending…

Over 40 Percent of Americans Expect Housing Market to Crash Next Year, Survey Shows

Over 40 percent of Americans say they believe the U.S. housing market will crash next year, a new real estate industry survey has revealed. According to the survey, conducted by LendingTree on more than 2,000 Americans, a lot of consumers have a very gloomy outlook about the market. Fears of…

Renowned Economist Nouriel Roubini Warns ‘The Mother of All Economic Crises Looms’

Renowned economist Nouriel Roubini has warned that "the mother of all economic crises" is now looming. Roubini says he fears policymakers will likely not be able to handle the scale of the impending economic crisis in the global economy. Roubini raised the alarm in a December 2 article for Project…

American Consumers’ Sentiment on Economy Plummets, New Survey Shows

Sentiment regarding the U.S. economy is plummeting among American consumers, a new survey has revealed. Consumer sentiment fell this month, despite upwardly revised figures, according to the University of Michigan. In a newly released survey, the consumer sentiment index for November had deteriorated less than expected and was revised to…

US Inflation Dips Below 8 Percent for First Time since February

Inflation rates in the United States have dipped below 8 percent for the first time since February. According to new data from the Bureau of Labor Statistics (BLS), the U.S. annual inflation rate eased to 7.7 percent in October. The figure is down from 8.2 percent in September. The core…

Steven Mnuchin Warns America Is in a Recession That Will Continue for Years

Former U.S. Treasury Secretary Steve Mnuchin has warned that America is in the grips of a recession that will now continue for the next couple of years. Mnuchin weighed in on the recession debate by stating that he believes the United States is already in the midst of an economic…

Biden Sinks Democrats before Midterms: ‘The World Is in a Bit of Disarray’

President Joe Biden has sunk the entire Democratic Party with his latest comments just days away from the critical midterm elections. The Democrats were doomed when the polls tightened and the party found themselves without a leading advocate. The White House has been hiding Vice President Kamala Harris and Press…