The roaring job market puts “boom inflation” back on the investor map

The roaring job market puts “boom inflation” back on the investor map

Instead, concern has shifted to what a booming labor market and rising costs for everything means for stocks and bond portfolios, particularly if it morphs into a resilient mix of higher growth and inflation. How to call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, indicating that annual wage … Read more

This is the only part of the labor market where workers have less bargaining power

This is the only part of the labor market where workers have less bargaining power

Friday’s employment report showed surprising strength in the job market, but there are signs it may not be all right for all workers. Resignations in low-wage industries like retail, leisure and hospitality are slowing, said Nick Bunker, an economist at Indeed Hiring Lab. That means people working in those industries likely have less bargaining power … Read more

“It will mainly be a white-collar recession”: economist Milken William Lee on how the next economic downturn will be different

“It will mainly be a white-collar recession”: economist Milken William Lee on how the next economic downturn will be different

“It will mainly be a white-collar recession. And the blue-collar recession will not be in the same places we have seen in the past ”. It was William Lee, chief economist at the Milken Institute, a think tank based in Santa Barbara, California, in an interview with MarketWatch, speculating on the nature of the next … Read more

DOJ: The Buffett company discriminated against black homebuyers

DOJ: The Buffett company discriminated against black homebuyers

NEW YORK — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett discriminated against potential black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Justice Department said Wednesday, in what it calls the second most. large settlement in decline of history. Trident Mortgage Co., a division of Berkshire Hathaway’s HomeServices of America, … Read more