This Week's Economy Ep. 22 | MULTI-DECADE High Interest Rates, Poor Job Market & China's Yuan Weakens
Today, I cover the following in less than 15 minutes:
1) National: What the new decade-high interest rate signifies for homeowners and renters, promising GDP growth, and the left wants more spending on top of some of this "new political subsidy economy" while some on the Left admit Bidenomics has failed,
2) States: Job growth and unemployment rates across states from the latest U.S. Jobs Report, including which states have the lowest and highest unemployment and year-over-year changes; and
3) Other: Why China's yuan is weakening but their interest rates out-compete the U.S.', and reasons for optimism for quality of living as shown in a recent article.
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Vance Ginn, Ph.D.