_{ECONOMIC NEWS}

Signs Point to a Growing Debt Emergency

As the U.S. election nears, markets anticipate potential shifts in economic and foreign policy, particularly if Trump wins. His inflationary policies—high spending, tax cuts, and tariffs—could raise long-term yields and inflation expectations. Meanwhile, bond yields are rising as markets brace for fewer rate cuts and a decade of elevated inflation. The U.K., facing its own debt challenges, may redefine debt metrics to increase borrowing, adding to global concerns over rising debt.

Sticky prices in housing and labor markets further complicate recovery, as transaction activity slows. With austerity politically unviable, countries may rely on inflation to manage debt—a scenario where bondholders bear the burden, prompting investors to seek inflation-protected assets amidst what increasingly looks like a debt emergency. Read More.

_{FINANCIAL NEWS}

Inflation Devours Savings, Forcing Retirees Back to Work: “It’s Just Not Enough”

Rising inflation is forcing many American retirees to re-enter the workforce, seeking ways to sustain themselves financially as prices climb beyond their retirement budgets. Retirees like Joyce Fleming and Greg Piazza, who initially planned for stable retirements, now find themselves working to offset costs for essentials like groceries, gas, and utilities. Fleming, a retired nurse, has considered opening a home daycare to balance family responsibilities, while Piazza, a retired police officer, has taken on a full-time groundskeeping role. They both cite drastic increases in living expenses, with inflation reportedly adding $10,000 to $12,000 to the average American’s annual cost of living since 2021. Read Now.