Do falling stock prices spell bad news for the U.S. economy — or not? Economist Ryan Boyle explains how to interpret the recession warnings. The headlines are telling a different story than the market indicators. CEOs and economists share their opinions on the negative forecasts grabbing investors’ attention. The cost of crypto scams since 2021 is $1 billion and mounting. But there are ways to avoid being caught in a crypto trap, as MacKenzie Sigalos writes for CNBC.
Recession Talk Is Exaggerated — Stock markets do not represent the full economy. Past selloffs have been unreliable indicators of economic contraction. While consumer confidence lags due to inflation and gas prices, there are a number of reasons to be optimistic about our economy. Read more…
Economy Shows Resilience Despite Mounting Recession Fears — Inflation persists but layoffs are at record lows, and households and businesses are still spending. So what’s causing investor pessimism? Financial writer David J. Lynch summarizes the views of those with a different perspective on the U.S. economy. Read more…
Crypto Scams Have Cost People More Than $1 Billion Since 2021 — More than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the Federal Trade Commission on Friday. Losses last year were nearly sixty times what they were in 2018, but there are ways to avoid them. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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