DoubleLine is warning of a βbrewing collisionβ in some developed economies as governments from France to the UK and Japan struggle to balance social demands against ballooning fiscal deficits.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expertβ¦
Between now and 2030, about 10,000 Americans will turn 65 every single day, giving rise to a term known as the "sandwich generation" -- adults who find themselves caring for their aging parents while still raising their own children. CBS News spoke to one woman about her struggles.
Gold rose to a record, pushing above $4,500 an ounce for the first time, on escalating tensions in Venezuela and expectations for more US rate cuts next year.
Chinaβs local borrowing for infrastructure spending is on pace to hit a six-year low, as Beijing clamps down on risks in a strategy shift that calls into question its promise to stop an unprecedented investment slump.
Gallup's Economic Confidence Index dipped to a negative 33 rating in December, the lowest level recorded in President Trumpβs second term, according to new data. The index β which reflects Americansβ views of current economic conditions and their future outlook β dropped 3 points from a negative 30 β¦
America faces an aging crisis: We have too few young people supporting too many older people β at the very moment Social Security, our national retirement program, nears insolvency.To make matters worse, young people are increasingly scared to have kids β in part because they fear AI will make findiβ¦