Doc Werlin News Today

If the federal government fails to pay all of its obligations, U.S. could lose 6 million jobs, $12 trillion in household wealth and 4% of gross domestic product (GDP).

While it is hoped that raising rates will bring down inflation, there is concern that these efforts will cause the eurozone to enter a recession.

The U.S. housing market has changed markedly. Homebuilder sentiment is at the worst level since the early days of the pandemic.

Expected growth in interest costs represents a huge threat to Americans’ economic future.

Federal Reserve officials worry that our job market is overheated. They want to cool it off, but not so much that it causes unemployment to skyrocket

Social Security Board of Trustees reported in July that Social Security benefits will be depleted by 2035

Ernest Werlin From economists to the man on the street, we now have concerns over a rapid increase in inflation. Those of us who lived through the 1970s and early 1980s remember how America suffered from stagflation, which is characterized by slow economic growth and relatively high unemployment. Consumer prices skyrocketed 13% in 1979 and 13% in 1980. To slow the economy’s growth and shrink inflation, former Federal Reserve Chairman Paul Volcker raised the federal funds rate to a record 20%...

Sarasota Herald-Tribune Cry out over city ending mask mandate Last July, the Sarasota City Commission mandated wearing face masks outdoors and in places of public accommodation in order to mitigate the effects of the coronavirus.  While the number of new cases and deaths is currently below recent highs, the daily variance hardly merits that we let down our guard.  At least until the overwhelming majority of us have been vaccinated, failure to mask threatens us all. The  Feb. 18 action by the...