by Daniel White | Dec 20, 2021 | Economy
December 20, 2021 The Federal Reserve has started to “taper.” That means it is reducing its enormous buying of bonds by $15 billion per month ($10 billion in Treasury bills, $5 billion in mortgage-backed securities). The reduction should be complete around July 2022,...
by Daniel White | Dec 13, 2021 | Economy
December 13, 2021 Take a look across the country. Almost everywhere, including Amazon, Starbucks, UPS, IBM, and many more, there is a labor shortage along with a resulting hike in wages aimed at attracting and retaining workers. McDonald’s raised hourly wages by...
by Daniel White | Dec 6, 2021 | Economy
December 6, 2021 Recently, the busy travel period between Thanksgiving and New Year’s Day kicked off. But the airline industry is facing a big issue – labor problems. We’ve all heard about American Airlines and Southwest Airlines cancelling thousands of...
by Daniel White | Nov 22, 2021 | Economy
November 22, 2021 The Federal Reserve should begin scaling back some of its extraordinary pandemic stimulus measures soon. It has foreshadowed a sunset on its huge bond buying program, which should help avoid another “taper tantrum,” like in 2013. Back then, markets...
by Daniel White | Nov 15, 2021 | Economy
November 15, 2021 Unfortunately, the U.S. economy has taken a significant turn downward. The economy grew by a 4.3% annualized rate in the fourth quarter of last year, 6.3% for first quarter of 2021, and 6.7% in second quarter of this year. The growth since COVID-19...
