Month: December 2021

First, Ray Dalio foresaw the 2008 financial crisis. Then, he predicted years of long-term financial strain on the U.S. economy from the Covid pandemic. Now, the 72-year-old billionaire investor who built Bridgewater Associates into the world’s largest hedge fund is warning of a new economic catastrophe on the horizon — and he wants you to
0 Comments
Senate Majority Leader Chuck Schumer, D-N.Y., outside the Senate Chambers of the Capitol on Dec. 7, 2021. Anna Moneymaker | Getty Images News | Getty Images The Senate will soon consider whether to implement a plan for a federal paid family and medical leave as part of the Build Back Better bill. Advocates are campaigning
0 Comments
Today’s Social Security column addresses questions about when annual earnings limits are applied, survivor benefits after remarriage and child benefits when a parent is receiving disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have Social
0 Comments
If you own any Treasuries, take a grim look at what’s left after inflation and taxes. Inflation has already crossed the 6% mark. Are we going to see 7%? What does that do to savers? My answers are “Yes, soon” and “They get slaughtered.” The inflation rate, as measured by the one-year gain in the
0 Comments
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Homeowner Equity Report for the third quarter of 2021. The report shows homeowners with mortgages—which account for roughly 63% of all properties—have seen their equity increase by 31.1% year over year, representing a collective equity gain of over $3.2 trillion, and an average
0 Comments
As Bill Gates reflected on what he calls his “most unusual and difficult year,” the billionaire also looked ahead to 2022 and beyond with no shortage of optimism — including when it comes to our “more digitized future.” In a year-end post on Gates’ personal blog, the Microsoft co-founder included a prediction about the future
0 Comments
Sen. Elizabeth Warren, D-Mass. Bloomberg | Bloomberg | Getty Images Sen. Elizabeth Warren, D-Mass., and Senate Majority Leader Chuck Schumer, D-N.Y., are warning the Biden administration that restarting student loan payments in February could drag down the economic recovery. The senators also repeated their call on President Joe Biden to cancel the debt. In March
0 Comments
The pandemic has had unexpected consequences, such as the explosion of demand for home improvement projects. “In 2021, we saw crazy growth,” says Bill Darcy, CEO of the National Kitchen and Bath Association, a not-for-profit trade organization with over 50,000 members, including manufacturers, remodelers, retailers and other industry specialists. “It was the third highest rate
0 Comments
Investors saw it all in 2021. Next year promises a little more upside, according to two top strategists. “Aside from the latest variant, and Covid in general, the underlying economy is quite strong,” Stephanie Link, chief investment strategist and portfolio manager at Hightower, said during CNBC’s Financial Advisor Summit Wednesday. “You have above-trend inflation, not runaway inflation,” she told
0 Comments