News and Trends
S&P 500 falls again on Thursday, pushing the benchmark to the brink of a bear market- CNBC--5.19.22
The S&P 500 fell again on Thursday, pushing the average to the brink of a bear market. One expert believes that volatility is going to be the narrative for the rest of 2022. Recent losses were driven in part by disappointing reports from Target and Walmart. 
The true depths of our debt crisis - The Hill--5.18.22
For over 50 years, both political parties have run up the national debt while ignoring warnings about long-term unsustainability of federal budgets. Now, the Fed is turning to inflation in an effort to lighten the nation's debt burden through a policy of negative real interest rates.
Stock investors are now starting to feel the 5 stages of bear-market grief - Market Watch--5.17.22
The bear market for stocks isn't over, and in fact, may have aways to go. Bear-market psychology follows a progression that is similar to the five stages of grief - denial, anger, bargaining, depression and acceptance.
Crypto crash stokes some financial crisis fears- NBC News--5.17.22
the cryptocurrency market's near-$2 trillion loss in value forces many to question whether this will trigger a broader economic slowdown.
Bank of America Clients Hoard Cash at Highest Level in Two Decades- Yahoo! Finance--5.17.22
Investors are piling into cash as the outlook for global growth plunges to an all-time low and stagflation worries mount, according to Bank of America. In one of their recent reports, one strategist said investors believe stocks are prone to an imminent bear market rally.
Health care costs for retired Americans expected to surge next year- Fox Business--5.16.22
The cost of healthcare is climbing rapidly for retired Americans. A new estimate released on Monday shows the average 65-year-old couple retiring this year to spend an average of $315,000 in health care and other related medical expenses during their retirement.
Ben Bernanke Predicts ‘Stagflation’ Reminiscent of the 1970s- DNYUZ--5.16.22
Former Fed Chairman Ben Bernanke recently stated that it is possible the nation could be in for a period of "stagflation." According to Bernanke, "even under the benign scenario, we should have a slowing economy."
Household debt surges to more than $15 trillion in Q1, according to NY Fed- Fox Business--5.16.22
Americans are continuing to borrow money despite rising interest rates, sending household debt up $266 billion in the first quarter of 2022. An increase of mortgage and auto loan balances took up a large share of the household debt increase.
The World’s a Mess. So They’ve Stopped Saving for Tomorrow.- DNYUZ--5.13.22
During these times, many adults under 35 have stopped playing it safe. Instead of banking as much of their pay as they used to, they are saving less, spending more and pursuing passion projects or risky careers.
The Fed raising interest rates will ‘create a recession,’ Dick Bove warns- Fox Business--5.13.22
According to Odeon Capital Group's chief financial strategist Dick Bove interest rates will "create a recession" and "to kill inflation" they will need to "lower demand below supply."
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