Despite easing inflation, a strong job market and consumer spending still in positive territory, consumer opinion about the economy is mostly negative. Figuring out why there is a disconnect between the reality of stable growth and perception of an impending collapse can best be explained not by economic concepts but by a little mass communication […]Read More
Like the proverbial bad penny, Silicon Valley Bank is back. The beleaguered financial institution, which earlier this year was the poster child for mismanagement and was the focal point of concerns about the stability of the banking system, has launched a new marketing campaign. The “Yes, SVB” campaign is designed to make consumers aware that […]Read More
Look, up in the sky! It’s a bird. It’s a plane. It’s an Amazon order? While drones are still something of a novelty, that is likely to change in the coming years. According to Research and Markets, the global “Drones-As -A-Service market is expected to grow more than $355 billion by 2032, boasting a growth […]Read More
It is fitting that Federal Reserve Board Chairman Jerome Powell gave his most recent remarks on inflation and the economic outlook in the resort town of Jackson Hole, Wyoming. While the location if the annual conference sponsored by the Federal Reserve Bank of Kansas City has been a fixture for monetary policy groupies for nearly […]Read More
In mathematics, an arbitrary number is one that is undetermined and is not assigned a specific value. But for economists at the Federal Reserve Board, there is an arbitrary number that has immense value: 2%. While for some 2% is the preferred content of fat in milk, at the Federal Open Market Committee, the central […]Read More
A piece of legislation is working its way through the U.S. Senate that aims to limit the power and influence of digital media platforms such as Facebook, Google and Amazon. And while most people might be surprised to learn that Senators Elizabeth Warren and Lindsay Graham are the co-sponsors of the Digital Consumer Protection Commission […]Read More
With Fed interest rate moves, stubborn inflation and the dark clouds of recession hanging over the economy, there hasn’t been much news about the world of cryptocurrencies lately. But don’t think the crypto bros and their fans have gone away. In fact, the industry has been in a celebratory mood lately, with its own awards […]Read More
While the Barbie movie and “Oppenheimer” are dominating the box office, here’s a pitch for another sure-to-be blockbuster: Researchers at a high-tech company have discovered a more efficient and automated method of designing computer chips using artificial intelligence, which the lab’s parent company said could improve its own specialized AI chip. Get a few A-list […]Read More
They say misery loves company, but what it really needs is more attention – especially from the media. Not the dictionary definition of a state of suffering and want or great unhappiness and emotional distress but the Misery Index — a measure of the economic distress felt by consumers due to the risk of (or […]Read More
Wonder of wonders, miracle of miracles, the banking system is safe and secure – from the Great Recession of 2008-09. That is more or less the Federal Reserve Board’s assessment after the latest round of stress tests were completed earlier this year. The central bank announced the results in late June and was clearly in […]Read More
