Recession could lower home prices: Redfin’s chief economist

Daryl Fairweather, chief economist at Redfin, says home prices could fall if the “economy is hit so hard” that buyers can’t afford the higher prices sellers want. Redfin chief economist Daryl Fairweather has argued that a recession could coincide With lower housing prices, With prices continuing to rise even as the data reveals slowing sales. … Read more

Biden, Chevron’s chief of commerce sharp words on gas prices

Washington (AFP) – In a back-and-forth signal, Chevron’s chief complained on Tuesday that President Joe Biden had denigrated energy companies at a time when gasoline prices were near record levels and the president responded that the oil company’s CEO was a “moderate” sensitive. “ The president in recent weeks has criticized oil producers and refiners … Read more

What is stagflation and how do you prepare for it?

Runaway inflation has raised fears that the economy is headed toward a return to stagflation, but a group of Wall Street banks such as Goldman Sachs and HSBC believe there are still opportunities for investors to navigate safely against this challenging backdrop. UCG | Getty Images What is stagflation? Stagflation is a term coined in … Read more

Singapore imports 90% of its food – how does it deal with inflation?

A rooftop farm in Singapore on May 27, 2020. The small island nation lacks natural resources and imports more than 90% of its food from more than 170 countries and regions. Lauren Isaac | Bloomberg | Getty Images Singapore is known for its wide variety of street foods and local cuisine, but many may not … Read more

Former US ambassador says raising tariffs on China can lower inflation

Former US ambassador David Adelman said removing tariffs on imported Chinese goods would strip 1% of US inflation over time and restore confidence in the economy, which could help President Joe Biden at the ballot box. “Inflation will be the number one issue in the November US midterm elections,” Adelman told CNBC’s “Squawk Box” on … Read more

Truth test: TV ad targeting House Democrats on inflation gets high marks

For 30 years, a major political truism during nearly every election has been, “It’s the economy, stupid.” It’s a quote attributed to political strategist James Carville during Bill Clinton’s 1992 presidential campaign. Now it’s the Republicans’ turn to use that against the Democrats. “She was warned that significant government spending could overheat the economy…but Angie … Read more

Sri Lanka closes schools and offices as fuel runs out

Placeholder while loading article actions NEW DELHI – Schools and government offices in Sri Lanka’s major cities were closed on Monday for at least a week as severe fuel shortages nearly brought the country to a standstill, the latest chapter in a slow-moving economic crisis that has led to political protests. unrest and growing food … Read more

opinion | A generation of homeowners is facing a strange new market

Placeholder while loading article actions As recently as March, a 30-year fixed-rate mortgage seemed like a pretty good deal. The average interest rate was less than 4 percent, although inflation was more than double that. This difference couldn’t last forever, and it never was. Just last week, mortgage rates rose more than half a percentage … Read more

Analysis: America is on edge, and that’s bad news for the White House

CNN – If the Americans are “really really ,” as such President Joe Biden suggests, not surprisingly. Many key aspects of economic, social and national life that were previously seen as running smoothly are now becoming unshared. The covid-19 pandemicAlthough she loosened her deadly grip, she left a complex legacy of challenges that continue to … Read more

China’s oil imports from Russia may rise to a record high, overtaking Saudi Arabia’s largest oil supplier

Oil and gas tanks at an oil depot in the port of Zhuhai, China, October 22, 2018. (Reuters) / Ali Song Register now to get free unlimited access to Reuters.com Register Russia overtakes Saudi Arabia as the largest supplier after a gap of 19 months Russia imports nearly two million barrels per day in May … Read more