Main Street and Wall Street are often at a distance when it comes to the state of the economy. The likelihood of a recession hitting in 2022 is the latest example. Both camps are bearish, but small business owners are leading the way in negative sentiment — by a notable margin
Read more at:
Main Street is convinced that a recession will hit economy this year
Showing posts with label Main Street. Show all posts
Showing posts with label Main Street. Show all posts
5/6/22
11/20/20
Global Financial System: Reforming Global Financial Governance - by Luis Ubinas
It has been quite a four years. We have lived through collapsing financial markets, the deepest recession since the Great Depression, and now this tepid recovery and euro zone crisis.
Read more at: Reforming Global Financial Governance - The Globalist
Read more at: Reforming Global Financial Governance - The Globalist
11/17/20
US Economy - the great divide between Wall Street and Main Street: as thousands Line Up In Dallas For North Texas Food Bank’s ‘Largest Mobile Food Distribution Ever’
Thousands of families lined up in Dallas on Saturday for a giveaway hosted by the North Texas Food Bank, and the organization called it its largest ever.
Organizers said the NTFB gave away over 7,000 turkeys and around 600,000 pounds of food in Fair Park to those families in need as the holidays approach and the COVID-19 pandemic continues.
Saturday’s event was also the NTFB’s fifth food giveaway in Fair Park since the pandemic began in March.
Note EU-Digest: US Economy: Wall Street versus Main street - total disparity - the recent Wall Street bounce can be better described as the US Economy's "Dead Cat bounce" , before "the walls from Jericho came tumbling down ".
Read more at: Thousands Line Up In Dallas For North Texas Food Bank’s ‘Largest Mobile Food Distribution Ever’ – CBS Dallas / Fort Worth
Organizers said the NTFB gave away over 7,000 turkeys and around 600,000 pounds of food in Fair Park to those families in need as the holidays approach and the COVID-19 pandemic continues.
Saturday’s event was also the NTFB’s fifth food giveaway in Fair Park since the pandemic began in March.
Note EU-Digest: US Economy: Wall Street versus Main street - total disparity - the recent Wall Street bounce can be better described as the US Economy's "Dead Cat bounce" , before "the walls from Jericho came tumbling down ".
Read more at: Thousands Line Up In Dallas For North Texas Food Bank’s ‘Largest Mobile Food Distribution Ever’ – CBS Dallas / Fort Worth
6/4/20
US Economy; Complete disconnect between Wall Street and Main Street - by RM
unemployed ?
Some companies obviously are making excessive profits as a result of the present emergency situation, but in no way is Wall Street a reflection of the state of the US economy, as President Trump likes to brag about.
The above is, however another clear indication of the great disparity between "the have and have nots" in the US and has to be remedied by an aggressive and progressive new Democratic government, before it destroys the USA from within.
EU-Digest
4/14/20
Wall Street versus Main Street: Why the stock market is nowhere near a bottom and investors can expect a massive hit
S&P 500 could tumble to a range between 1,275 and 1,710 before a bull market resumes, writes Cam Hui.
Read more at:
https://www.marketwatch.com/story/why-the-stock-market-is-nowhere-near-a-bottom-and-investors-can-expect-a-massive-hit-2020-04-13
Read more at:
https://www.marketwatch.com/story/why-the-stock-market-is-nowhere-near-a-bottom-and-investors-can-expect-a-massive-hit-2020-04-13
5/28/13
Economics: Wall Street versus Main Street
Three rounds of quantitative easing by the Federal Reserve have produced record-high stock prices, but
real economic growth still remains below the levels expected in an economic recovery. An encouraging
uptick in housing prices and the gradual decline of the unemployment rate have helped bolster household
wealth and consumer spending, but with fiscal tightening weighing on economic growth, inflation falling,
and corporate earnings flat, the current rise in stock prices is unsustainable.
The US economy might be headed for another midyear “swoon,” and after three doses of easy money from the Fed, it is unclearwhether another round of quantitative easing would help produce the sort of robust growth policymakers and consumers seek.
Household savings rate fell to 2.6% in the first quarter, down from 5.1% in 2010. As Mr Makin points out, this is ominously similar to the pre-2007 pattern of high consumption based on the hope that asset prices would stay high. The potential long-term problem here is that asset prices tend to revert to the mean; people may be saving too little for their retirement on the view that markets will do all the work. As in 2007 and 2008, they may get a nasty shock later on.
Read more: Investing and economics: Wall Street versus Main Street | The Economist
real economic growth still remains below the levels expected in an economic recovery. An encouraging
uptick in housing prices and the gradual decline of the unemployment rate have helped bolster household
wealth and consumer spending, but with fiscal tightening weighing on economic growth, inflation falling,
and corporate earnings flat, the current rise in stock prices is unsustainable.
The US economy might be headed for another midyear “swoon,” and after three doses of easy money from the Fed, it is unclearwhether another round of quantitative easing would help produce the sort of robust growth policymakers and consumers seek.
Household savings rate fell to 2.6% in the first quarter, down from 5.1% in 2010. As Mr Makin points out, this is ominously similar to the pre-2007 pattern of high consumption based on the hope that asset prices would stay high. The potential long-term problem here is that asset prices tend to revert to the mean; people may be saving too little for their retirement on the view that markets will do all the work. As in 2007 and 2008, they may get a nasty shock later on.
Read more: Investing and economics: Wall Street versus Main Street | The Economist
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