Independent thinking for complex markets and current events
“Mastercard Inc. is joining the competition for big spenders, announcing a higher-yet tier of rewards card designed to help banks challenge offerings from Chase, American Express and Capital One, among others. The company plans to debut the World Legend category with one of the firm’s largest US partners before the end of September, according to …
by confoundedinterest17 Hey big spenders (Biden, Congress and the 16 Nobel prize winning economists). June 25 (Reuters) – Sixteen Nobel prize-winning economists signed a letter on Tuesday warning that the U.S. and world economy will suffer if Republican presidential candidate Donald Trump wins the U.S. presidential election in November. The jointly signed letter, first reported by Axios, says …
by confoundedinterest17 Face it. The Federal government is broken. Congress and the Biden Administration are addicted to spending money and running up massive debts. There is no attempt at fiscal restraint because they will always argue that “More money must be spent!” On what exactly? Usually pet projects (aka, pork) like the LGBTQ retirement home …
According to Wharton professor Jeremy Siegel, the U.S. economy appears to be “progressing smoothly, with a resilient consumer impervious to the impact of higher borrowing costs.” These spenders are the “YOLO (you only live once) consumers” who, Siegel believes, are spending the last of their cash reserves on traveling and enjoying the summer. (Bill Gross) …