US housing market could be headed for ‘meltdown’: economist
The US housing market could be on the verge of a “meltdown,” an economist warned following this week’s release of data showing a collapse in home builder confidence in July. … Read More
Tag: Inflation
Here’s why Americans think now is the time to buy a home
Despite the crush of inflation, rising mortgage rates to battle and the ongoing woes of rising rent, a new study shows that, hey, maybe there’s some reason for optimism? Some … Read More
Families are returning pets to shelters due to inflation, rising rents
Some pet owners are giving up their animals as families struggle to pay for housing and necessities amid today’s inflation. In New York City, surrenders by owners of dogs and cats at … Read More
Chief economist Jared Bernstein admits there’s nothing ‘transitory’ about inflation
White House chief economist Jared Bernstein admitted Monday that the Biden administration’s use of the word “transitory” to describe soaring inflation gave Americans the false impression that price hikes would be temporary. … Read More
Chocolate lovers are cutting back on purchases amid rising prices
Based on new data and remarks from executives at some of the world’s biggest chocolate companies, consumers in both the U.S. and Europe are cutting back on chocolate purchases due … Read More
NYC pub sells gallon of beer for price of gas to protest Biden inflation
A New York City bar owner with a full tank of gripes is selling a gallon of beer for the price of a gallon of gas — an effort to … Read More
Europe’s week: EU economic woes mount, Ukraine war crimes commitment and Hungary lawsuit
This week, it was officially confirmed that Croatia will introduce the euro on January 1, 2023, after the EU institutions removed the final legal obstacles for it to adopt the … Read More
Annual inflation across the eurozone will peak at 7.6% in 2022
Inflation across the European Union will remain extraordinarily high for the remainder of the year, keeping households and companies under long-term financial strain. The latest economic forecast released by the … Read More
Tourists spend less in NYC over Biden inflation: merchants
Americans aren’t the only ones outraged by surging inflation — even tourists are suffering sticker shock when they touch down in the Big Apple! Small business owners raised the specter … Read More
Biden admits inflation unacceptably high after rate surges
President Biden admitted Wednesday that inflation was “unacceptably high” after the annual rate of price increases surged to 9.1% in June — the highest level since November 1981 — as … Read More
