Month: November 2021

Elon Musk reportedly said SpaceX faces the ‘risk of bankruptcy’ from a lack of Starship engine progress via /r/economy

~ chetwang ~ Leave a comment


Elon Musk reportedly said SpaceX faces the ‘risk of bankruptcy’ from a lack of Starship engine progress
https://www.yahoo.com/news/elon-musk-reportedly-warned-spacex-155856498.html

Submitted November 30, 2021 at 03:58PM by lurker_bee
via reddit https://www.reddit.com/r/economy/comments/r5x8zd/elon_musk_reportedly_said_spacex_faces_the_risk/?utm_source=ifttt

Student Loans due payment for January via /r/economy

~ chetwang ~ Leave a comment


Student Loans due payment for January

Hello I wanted to get peoples opinions on the upcomming resumption of student loan payments. Student loan debt is quite astronomical, When students have to begin payments again I would imagine it will not be such a big toll for maybe the first month or two or four. However It seems to me that this large debt repayment will begin to create less spending money while prices are increasing for said students. Does anyone see a potential for this situation creating a much larger issue in the economy? (for the US)

Submitted November 30, 2021 at 12:56PM by indigosazulese
via reddit https://www.reddit.com/r/economy/comments/r5t3nz/student_loans_due_payment_for_january/?utm_source=ifttt

Cyber Monday online sales drop 1.4% from last year to $10.7 billion, falling for the first time ever via /r/economy

~ chetwang ~ Leave a comment


Cyber Monday online sales drop 1.4% from last year to $10.7 billion, falling for the first time ever
https://www.cnbc.com/2021/11/30/cyber-monday-online-sales-drop-1point4percent-from-last-year-to-10point7-billion-falling-for-the-first-time-ever.html

Submitted November 30, 2021 at 01:22PM by KinnerNevada
via reddit https://www.reddit.com/r/economy/comments/r5tpug/cyber_monday_online_sales_drop_14_from_last_year/?utm_source=ifttt

Fed’s Powell floats dropping “transitory” label for inflation via /r/economy

~ chetwang ~ Leave a comment


Fed’s Powell floats dropping “transitory” label for inflation
https://www.reuters.com/article/usa-fed-instant/feds-powell-floats-dropping-transitory-label-for-inflation-idUSKBN2IF1S0

Submitted November 30, 2021 at 12:24PM by ledonskim754
via reddit https://www.reddit.com/r/economy/comments/r5sccb/feds_powell_floats_dropping_transitory_label_for/?utm_source=ifttt

I’m confused via /r/economy

~ chetwang ~ Leave a comment


I’m confused

Dow skids nearly 600 points and stock market's losses deepen as Fed's Powell says faster taper may be warranted amid omicron

U.S. stocks saw losses sharpen late-morning Tuesday as Federal Reserve Chairman Jerome Powell suggested that a more rapid tightening of financial conditions may be warranted as the omicron variant of the coronavirus that causes COVID-19 complicates the economic recovery and potentially intensifies supply-chain bottlenecks.

I'm confused, shouldn't be the opposite? What the economy needs now is more 'easing' instead of 'tightening'?

https://www.marketwatch.com/story/dow-skids-more-than-400-points-and-stock-market-losses-deepen-as-feds-powell-says-faster-taper-may-be-warranted-amid-omicron-2021-11-30?mod=mw_latestnews

Submitted November 30, 2021 at 11:37AM by simplelifestyle
via reddit https://www.reddit.com/r/economy/comments/r5r999/im_confused/?utm_source=ifttt