Unless inflation comes in at around 0.2% a year for the next decade, bondholders are going to be right out of luck.
If President Joe Biden and his team want to understand why his approval ratings are currently in the tank — he is down to 41% in the latest polls — they should take a quick look at the latest client survey by Charles Schwab, one of America’s most popular investment platforms.
It’s one thing to worry about your financial goals when you are in your 20s. But when even half of retired people think they won’t reach them, it’s a major problem. Meanwhile, the 5.6% rise in hourly earnings is eclipsed over the past year by the 7.5% rise in prices, leaving the average worker going backwards.
The survey was conducted at the start of January, so it hasn’t even factored in the most recent official inflation data.The good news is that the current inflation panic is almost certainly overdone. That’s not me talking, that’s the financial markets. As I’ve pointed out repeatedly, you don’t have to listen to partisan hacks on either side of the aisle telling you what is going to happen next to inflation.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why kids lie—and why it's not always badHere’s where your kid might be on the Pinocchio scale—and advice from experts on dealing with your little liars
Consulte Mais informação »
Why I Just Celebrated My 85th Birthday in the Boxing RingFew spaces are more merciless, more transparent than a boxing ring—an arena designed to show whether an individual has what Tom Wolfe ascribed to astronauts: the Right Stuff.
Consulte Mais informação »
Why Extreme E will be a motorsport mainstay in 2022 | AutocarExtreme E returns this week looking less like an eccentric motorsport outlier than a glimpse at its sustainable future
Consulte Mais informação »
EXPLAINER: Why are thousands of baptisms deemed invalid?Roman Catholic priest resigned as pastor of his parish in Phoenix, after acknowledging he had been using the incorrect baptismal formula during more than two decades of priestly ministry in Arizona, California and Brazil.
Consulte Mais informação »
Why you shouldn't get the world's first crypto mortgage, offered by MiloInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »
Why A Secretive Chinese Billionaire Bought 140,000 Acres Of Land In TexasHow a Chinese billionaire incurred the wrath of U.S. lawmakers and environmentalists, becoming a flashpoint in U.S.-China relations.
Consulte Mais informação »