Nominal Wage

Not that inflation of the 70s by Jeffrey Frankel

Unlike the stagflation of the 1970s, the US recovery from the pandemic-induced recession has been strong, whether judging by GDP or labor market indicators. Today’s economic conditions are therefore reminiscent of the late 1960s, another period of rapid growth and moderately rising inflation. CAMBRIDGE – Are the United States and …

Read More »

Fed minutes reflect intensifying inflation debate

Text size Chip Somodevilla / Getty Images Federal Reserve officials debated at their last meeting whether to accelerate the pace of cuts to their emergency bond purchases. Based on today’s minutes of the Federal Open Market Committee’s Nov. 2-3 meeting, the conversation reflected growing unease over inflation, which is both …

Read More »

COVID-19: Federal, Provincial and Local Governments in Canada Post Combined “Historic Deficit” of $ 325.5 Billion

Statistics Canada reports that Canadian governments at all levels have run up a “historic deficit” of $ 325.5 billion. The combined shortfall accumulated by federal, provincial and local governments was mainly due to measures related to the COVID-19 pandemic and declining revenues. The deficit of $ 325.5 billion covers the …

Read More »

European Commission hurts Greece and Cyprus with questionable forecasts

By Les Manison The European Commission’s autumn 2021 forecasts for Greece and Cyprus are excessively optimistic, in particular on inflation rates and public finances. By making these fanciful forecasts, implicit support is given to the management of the policies of the economies of Greece and Cyprus, leading the authorities in …

Read More »

Bars and restaurants caught between inflation, supply crunch and labor shortage as rebound “takes its course”

Restaurateurs and workers across the United States are struggling to bounce back from the pandemic and are hit by understaffing, skyrocketing prices and supply shortages. Paula Tejeda is one of them. Even after mass vaccinations, customer traffic is “still very volatile,” Tejeda, owner and founder of Chile Lindo, a deli …

Read More »

CFPB Payday Rule Challenged, Possibly Paves The Way For More EWA Programs | Wilson Sonsini Goodrich & Rosati

On August 31, 2021, the District Court for the West District of Texas upheld the payment provisions of the 2017 Consumer Financial Protection Bureau (CFPB) rule “Payday, Vehicle Title, and Certain High-Cost Modment Loans”. payday), but on October 15, 2021, the Fifth Circuit extended the suspension of the payday rule …

Read More »

Future returns: anticipate a return to normal in interest rates

Now that the US Federal Reserve is starting to cut back on its monthly bond purchases, investors are anticipating interest rates to return to normal. Despite the nervousness in the markets on Tuesday, the US stock and bond markets took very different views on the significance of this future shift. …

Read More »

Snap elections called in Portugal after government collapse amid massive strikes

Portuguese President Marcelo Rebelo de Sousa called snap elections on January 30 after Prime Minister António Costa’s minority Socialist Party (PS) government collapsed for seven years amid mass strikes. Parliament voted against the PS’s 2022 budget last week. This is the first time since the Carnation Revolution of 1974 toppled …

Read More »

Why Next Year’s Social Security Increase Matters – And Why It Is Not | Personal finance

It also raises questions about the future: Is this inflationary environment transient, as President Biden says, or is this our new normal? Only time will tell. But some interesting signals, such as prolonged supply chain disruptions and continued wage increases, may indicate higher prices are here to stay. Increase matters, …

Read More »

Ford government plans to exit pandemic tax hole

Breadcrumb Links Ontario Net debt is expected to exceed $ 402 billion this fiscal year, an all-time high Author of the article: Antonella Artuso Release date : 04 November 2021 • 2 hours ago • 2 minutes to read • 8 comments Queen’s Park in Toronto. Toronto Sun Files Content …

Read More »