Germany’s economy contracted as rising energy costs undermined demand

Germany’s economy unexpectedly shrank by 0.2 percent in the fourth quarter of 2022, as rising gas prices slashed demand and put the eurozone’s manufacturing powerhouse on the brink of recession. The German numbers, which come before the release of the latest eurozone growth data on Tuesday, raise the possibility that the region’s largest economy will … Read more

Demographically Compelling Thoughts on U.S. Employment in the Next Five Years – MeshTalk

Non-institutionalized civilian population of BLS, projections by CBO, graph by Mish Definition of Non-Institutionalized Civilian Population (CNIP) Persons 16 years of age and older who are residents of the 50 states and the District of Columbia, who are not inmates of institutions (eg, correctional and mental facilities, nursing homes), and who are not on active … Read more

February 1 Massive Sell-Off: Aftermath Brings Neither Bull Nor Bear In 2023

blightylad-infocus/iStock via Getty Images Market Crash, or New Bull Market? There is a Third Way Cause for optimism Over the years I spent a lot of time on where the market is taking us. I have either bravely or (some have said) irresponsibly made predictions on where the market was taking us last year. I … Read more

Russian oligarchs are investing in American commercial real estate, bypassing sanctions as the feds warned banks

The Washington Examiner’s Byron York examines the Biden secret documents controversy and Texas bans real estate purchases by citizens of certain states in “The Evening Edit.” Wealthy Russian oligarchs are likely to invest in US commercial real estate and try to avoid sanctions imposed after the invasion of Ukraine last year, according to a warning … Read more

Brussels is losing the bid to join a legal battle over Spain’s green backing

A British court has rejected an attempt by the European Commission to join a legal battle in which Spain seeks to avoid paying millions of dollars in compensation to renewable energy investors. Two private equity investors, Infrastructure Services Luxembourg and Energia Termosolar, are fighting the Spanish government to enforce a $101 million arbitration award won … Read more

Here are 8 things rich people do differently that make them ‘super rich’

It took me 20 years of trial and error before I achieved a multi-million dollar net worth. Now, at 64, I get income from the 18 businesses I started and the 12,000 housing units I own. But I wish I knew sooner how rich people think about money. I’ve built relationships with many millionaires over … Read more

Black Box Economics: Russia’s Internal Struggle Over Classified Financial Data

Russian policymakers are debating whether to declassify more data as the Kremlin’s campaign of secrecy leaves even seasoned observers struggling to understand the country’s economy. Elvira Nabiullina, the governor of Russia’s central bank, is leading a campaign to roll back most of the decision to catalog reams of economic data, made in the first weeks … Read more

Robert Kiyosaki Says ‘We’re in a Global Recession’ – Warns of Rising Bankruptcies, Unemployment and Homelessness – Economics Bitcoin News

We’re in a global recession, says Robert Kiyosaki, the famous author of the bestselling Rich Dad Poor Dad. He warned of high rates of bankruptcy, unemployment and homelessness, and noted that there is good news for investors looking for “deals”. The last warnings of Robert Kiyosaki Rich Dad Poor Dad author Robert Kiyosaki is back … Read more

Wall Street Week Ahead Recession fears pose a challenge for energy stocks after a stellar year

NEW YORK, Jan. 27 (Reuters) – A possible US recession and tough comparisons to 2022 weigh on prospects for energy stocks that will return to last year’s impressive trajectory, despite valuations that are still seen as relatively cheap. The S&P 500 (.SPNY) energy sector is up 4.2% year-to-date, lagging slightly behind the broader index (.SPX). … Read more

Fact-checkers are targeting Biden for “false and misleading” statements about the economy

President Biden is facing opposition from fact-checkers over a recent speech he gave in Virginia on the economic progress his administration has made during his tenure in the White House. Speaking at Steamfitters Local 602 in Springfield on Thursday, Biden made several claims about the current state of the economy that have fact-checkers — from … Read more