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News & Articles By Arsenio Toledo
06/15/2022
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By Arsenio Toledo
30-year fixed mortgages surge above 6% for the first time since 2008 as market reacts to Fed rate hikes
Mortgage rates have surged this week as fears of the Federal Reserve enacting more aggressive interest rate increases upset American financial markets. According to Mortgage News Daily (MND), the average rate on 30-year fixed mortgages, the most popular kind of mortgage in America today, rose by 10 basis points to 6.28 percent on Tuesday, June 14. This […]
06/14/2022
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By Arsenio Toledo
Wall Street analysts: Fed to hike interest rates more aggressively in bid to address soaring inflation
The hottest period of inflation in the United States will likely push the Federal Reserve to raise interest rates even more aggressively than it already has, potentially plunging the country into a recession. Fed policymakers have all but guaranteed that they will raise interest rates by 0.5 percent in their next meeting next week. This […]
06/14/2022
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By Arsenio Toledo
US household wealth drops for first time since Q1 2020
American household wealth has declined for the first time in two years during the first quarter of 2022. This is according to a report from the Federal Reserve released on June 9. The report shows that household net worth declined by about half a trillion to $149.3 trillion during the first quarter, down from a […]
06/14/2022
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By Arsenio Toledo
America is already hurtling toward a recession, warns economic analyst
An expert economic analyst believes the U.S. is already in the process of entering a recession. Peter Atwater, a former hedge fund manager and an adjunct professor at the College of William & Mary in Virginia, predicted in a recent interview with financial services company Wealthion that a large amount of mal-invested capital will be wiped out […]
06/10/2022
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By Arsenio Toledo
National average price of gas breaches $5 per gallon mark for the first time in American history
America is going through an apocalyptic surge in gas prices. For the first time in the nation’s history, the national average price of a gallon has breached the $5 mark. This is according to GasBuddy, a crowdsourced real-time gas price reporting platform, which also first reported back on March 7 that America broke the previous […]
06/10/2022
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By Arsenio Toledo
Global food collapse: 49 Million people at risk of experiencing famine or famine-like conditions, warns the FAO
A joint report from the United Nations’ Food and Agriculture Organization (FAO) and the World Food Program (WFP) warned that 49 million people in 46 countries are at risk of falling into famine or famine-like conditions. The joint report warned that the current state of global food insecurity is worse than the conditions that preceded the Arab Spring uprisings […]
06/10/2022
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By Arsenio Toledo
Soaring diesel prices are hammering the trucking industry, leading to more inflation on nearly everything
The uncontrollable surge in oil prices is starting to limit the ability of truckers to do their job, leading to more inflation. Data collected by the Associated Press shows that diesel prices have increased by approximately 70 percent since last year. This has severely impacted the ability of many truck companies to do their work, with many […]
06/09/2022
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By Arsenio Toledo
Global food and fertilizer supply crisis gives Russia significant leverage
Russia’s large stores of fertilizer could give it significant leverage during the global food and fertilizer supply crisis. Since the invasion of Ukraine in late February, international food prices have risen by 30 percent. In the United States, food prices have risen 10 percent over the last year. Western economic sanctions heaped upon Russia following […]
06/09/2022
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By Arsenio Toledo
Interest rate hikes and Biden refusing to increase oil production will make America’s economic woes EVEN WORSE
A billionaire oil refiner has warned that America’s economic crisis could get worse, especially if the Federal Reserve keeps increasing interest rates and President Joe Biden doesn’t increase oil production. John Catsimatidis, CEO of supermarket chain Gristedes and chairman of the Pennsylvania-based oil company, the United Refining Company, warned that the Federal Reserve’s choice to […]
06/08/2022
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By Arsenio Toledo
Nonpartisan Congressional Budget Office predicts SKY-HIGH food inflation to persist until 2023
The Congressional Budget Office (CBO) has confirmed that President Joe Biden’s economic policies are not doing anything to slow down rising food prices. In fact, they may be making them worse. The nonpartisan agency’s report expects the consumer price index (CPI) to rise by 6.1 percent this year. While the CBO predicts inflation to slow down next year, the […]
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