Replacing the internal combustion engine with electric motors will have disastrous consequences for millions of workers, the world economy, and investors. No internal combustion powered vehicles means long waits to charge up, loss of mobility freedom, and the auto industry in the US.
US stocks dropped Friday as the 10-year Treasury yield pulled back but remained close to 5%. Cleveland Fed President said the central bank is close to the
Economic Watch: U.S. inflation draws concerns from investors, experts
by Xinhua writer Liu Yanan NEW YORK, July 22 (Xinhua) Inflation in the United States is reaching decade highs, and drawing concerns from investors and experts as well as ordinary consumers, who believe the country s inflationary pressures are underestimated and the Federal Reserve s inflation management framework should be questioned. IMPACTS ON DECISION MAKING High-flying inflation in the country in the last few quarters not only made many people delay big-ticket purchases but also drove investors into assets to hedge inflation risks. Now the higher inflation is beginning to create explosions and affect economic decision making. And so I think it s a problem right now, said Mickey D. Levy, chief economist for Americas and Asia with Berenberg Capital Markets LLC.