The U.S. stock market took a 10-day up-and-down ride after the Federal Reserve announced a quarter-point increase in the target for the federal-funds rate just before Christmas. The Dow Jones Industrial Average lost more than 2,300 points—10% of its value—in the six trading days from Dec. 17-24, before regaining nearly 1,100 points on Dec. 26. Other stock-market indexes traced similar patterns.
Though extreme, the selloff was in step with the going trend. In recent years financial markets have thrown a temper tantrum every...
A University published a study which found that 40% of the American People couldn't come up with $400 cash in an emergency. And look at who Republican Law and Order Police are now targeting. Think about it.
That and higher uncertainty due to the incoherent economic policies from the White House.
In Australia, our economic brains want to lower interest rates so people can borrow more to pay off their debts. Simples.
And that is why student loan debt is the most sought after debt, 100% guarenteed returns! That is why it is not bankruptable, bc of the 1%ers desire to have debt in their financial portfolios.
Opinion: Stocks are becoming more sensitive to interest-rate hikes because the global economy is overleveraged by about a hundred trillion dollars.
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