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Should You Consider Early Retirement in a Recession?
Personal finance expert Gregory Weimer offers year-end insights to practically guide adjusting financial plans into 2021 and if you should consider an early retirement in a recession. Q3 2020 hedge fund letters, conferences and more Early Retirement In A RecessionCompanies are known to offer early retirement packages to senior employees as a result of the difficult economic environment during 2020. Retiring during a recession is absolutely possible, but before making that decision it is important to have a full understanding of all sources of retirement income, current investment asset allocat...
ValueWalk
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Retailors Suggests That Real Recession Is Just Beginning
The Broad Market Index was down 0.96% last week and 54% of stocks out-performed the index. Q3 2020 hedge fund letters, conferences and more The Real Recession Is Just BeginningFor now, investors stand on the edge of an amazing precipice with many companies recording dramatic drops in revenue thereby executing crisis decisions. Many insolvent companies (negative operating cash flow) and those with steeply negative sales growth are laying off production labor (producing a higher gross profit margin) and white-collar labor (lower SG&A expenses). These and other measures taken since the appearance...
ValueWalk
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IMF, World Bank marshall forces to push for aid for poorest
Washington (AFP) - The world's two dominant emergency lenders opened their annual meetings on Wednesday with a renewed call for the wealthy to help the poorest deal with the ravages of the coronavirus pandemic, within national borders and globally.The leaders of the IMF and World Bank have been banging the drum about the need for governments to continue to spend amid the crisis to help support businesses and jobless workers, to keep the emergency from growing far worse.But with national and corporate debt levels soaring amid record low interest rates, the crisis presents a puzzle for the Washi...
AFP
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Major US stimulus would boost US, global economies: IMF official
Washington (AFP) - Another major US stimulus package would drive a big jump in US growth but also would help boost the pandemic-ravaged global economy, the IMF's chief economist told AFP on Tuesday.Gita Gopinath said in an interview that a US rescue package on the order of the $2.2 trillion CARES Act approved in March would increase growth in the world's biggest economy by two percentage points next year, over the 3.1 percent GDP rise currently forecast.The IMF released its latest World Economic Outlook on Tuesday which sees the global economy contracting 4.4 percent this year and rebounding b...
AFP
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White House proposes $1.8 trillion stimulus, Trump says go bigger
Washington (AFP) - With the presidential election fast approaching, the White House on Friday proposed a beefed-up $1.8 trillion economic rescue plan to try to coax congressional Democrats into an agreement.President Donald Trump, who this week has veered wildly in his position on stimulus to help the world's largest economy recover from the damage done by the Covid-19 pandemic, now seems to be making a major push to roll out funding before he stands for re-election on November 3.The new proposal, an improvement over the administration's previous $1.6 trillion offer, brings them closer to the ...
AFP
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Senate leader says US stimulus deal unlikely before election
Washington (AFP) - Congress is unlikely to agree on a new stimulus package before the US election due to "vast" differences over how much to spend, Senate Majority Leader Mitch McConnell said Friday."We do need another rescue package, but the proximity to the election and the differences of opinion about what is needed at this particular juncture are pretty vast," McConnell said at a press conference in his home state of Kentucky.McConnell said that while he would like to see legislators rise above their political differences to approve "one last rescue package... I think that's unlikely in th...
AFP