Timothy Sumer

Around one million households will have to drastically cut back their spending due higher interest rates and soaring inflation. Subscribe: Read more here: That's the warning from a prominent economist, who says Australia is just as likely to fall into a recession as avoid one. ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia #AusBiz... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GO

Try ChartMogul ► Help us make BETTER videos ► -- We don't just make videos. Slidebean helps founders scale their startups. The Slidebean Platform ► Presentation Design Services ► Financial Modeling ► Subscribe to our FREE weekly startup newsletter ► --- Recommended videos: Dot-com Bubble documentary: how history might repeat itself ► Housing bubbles explained with Monopoly ► -- #slidebean #startups #recession #recession2020 #1929 #2008 #financialcrisis ___ We’re at it again. These are tough times. It’s gotten so bad that it has even taken a toll on this and it’s a big deal. In NYC, for decades, there was the pizza principle: where a slice of pizza was the same price as a subway ticket. But not anymore. The decade-long balance is now gone. The bad thing is that it’s much more than just pizza. Global chaos, rampant inflation, and a looming financial crisis. Crypto rose promised millions and then collapsed, taking people’s fortunes with it. Start

Prominent economist Nouriel Roubini tells Alicia Barry a stagflation crisis will emerge this year as central bankers struggle to curb inflation without crashing their economies. He expects a recession in US, Europe and other advanced economies. Subscribe: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitter: Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Nouriel Ro

As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele Morgan #Layoffs #JobCuts #WSJ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The COVID-19 pandemic has caused a significant economic downturn that is being felt across different sectors. However, contrary to past recessions where low-skilled workers were the hardest hit, this time, the layoffs are hitting the white-collar workforce. As the Wall Street Journal reports, millions of professional workers are losing their jobs or experiencing reduced hours, as companies cut costs to stay afloat. The pandemic has disrupted supply chains, reduced consumer demand, and led to the cl

Is the U.S. in a recession? Many economists think that’s a possibility and by some measurements, it may have already started. But why aren’t people losing their jobs? Recessions usually come with a dip in economic output and a rise in unemployment. Right now, economic output is falling. But so is unemployment. WSJ’s Jon Hilsenrath has coined it a “jobful downturn.” We look at past recessions and indicators to explain how a recession in 2020 could be very different. Read more about this “jobful downturn” on The Wall Street Journal: More from the Wall Street Journal: Visit WSJ.com: Visit the WSJ Video Center: On Facebook: On Twitter: On Snapchat: #Recession #Economy #WSJ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The possibility of a recession in 2022 has become a topic of concern among economists and