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☆ Here's why the surge in bankruptcy filings this year isn't as scary as it sounds
▼ + stars: | 2023-08-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Corporate bankruptcy filings have surged so far this year, already eclipsing the number of bankruptcies in 2022. But there are three reasons why bankruptcy filings aren't as scary as they sound, according to Carson Group. But according to Varghese, there are three reasons why investors shouldn't panic about the recent uptick in bankruptcy filings. But bond investors — even those who buy below-investment-grade debt — have not shown signs of worry. "Bond investors typically sniff out hard economic times for companies well ahead of other investors.

Persons: it's, Sonu Varghese, Varghese, —, Banks Organizations: Carson Group, Service, Bed, Valley Bank, Party, Treasury, Carson, Federal Reserve, Entrepreneurship Locations: Wall, Silicon

☆ 'No sign of a recession': 3 signs suggest the US economy is so strong it may not even cool to a soft landing
▼ + stars: | 2023-07-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

These are the three signs that suggest the economy's strength means it doesn't have to worry about sticking the landing. "Not only do we see no sign of recession, but it also doesn't even look like the economy is looking for a 'landing' at this point," Varghese said. Looking at the last three months of economic data, Varghese highlighted three data points that suggest the economy is likely to remain stronger than many expect and ultimately avoid a recession. Retail sales rose at an annualized pace of 4.7% in the second-quarter, and retail sales excluding vehicle and gas station sales rose at a 6.3% annual pace. Taken altogether, the data suggests to Varghese that the US economic growth reaccelerated over the past year.

Persons: Carson Group's Sonu Varghese, Carson, Sonu Varghese, Varghese, it's Organizations: Carson, Federal Locations: Atlanta

An expansion of the criteria for medically assisted death that comes into force in March 2024 will allow Canadians like Pauli, whose sole underlying condition is mental illness, to choose medically assisted death. In 2021, the most recent year available, 10,064 people died through medically assisted death, about 3.3% of deaths in Canada that year. Dembo served on an expert panel on assisted death and mental illness that presented a report to Canada's parliament last year. loadingThe reported cases of people resorting to medically assisted death in part due to lack of supports are "tragic," Lametti said. "It does in one sense [represent a slippery slope], doesn't it, because it started off with terminal illness and it's ended up with non-terminal illness and mental illness."

Persons: Lisa Pauli, Pauli, I've, David Lametti, Lametti, It's, Marie, Claude Lacasse, Georges L'Esperance, Sarah Dobec, Justine Dembo, Dembo, She's, Mary Heatley, …, Heatley, Sonu Gaind, Michelle Hewitt, Hewitt, Sean Tagert, Lou Gehrig's, Tagert's, Sean, Charles Falconer, it's, Anna Mehler Paperny, Denny Thomas, Suzanne Goldenberg Organizations: TORONTO, Reuters, Health, Quebec Association for, Canada, Health Sciences Centre, Labour, Thomson Locations: Canada, Netherlands, Belgium, Provinces, Quebec, British Columbia, Ontario, Health Canada, Canadian, Britain

☆ The housing market suggests that the US economy dodged the recession bullet and is poised for more growth ahead
▼ + stars: | 2023-06-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Recent strength in the housing market suggests the US economy may have dodged a recession, according to Carson Group. Housing starts surged nearly 22% in May while building permits also rose, indicating builders are confident about demand. "Housing historically bottomed prior to the end of a recession and has typically led the economy out of one." That's a big deal because weakness — not strength — in housing starts data has historically foreshadowed recessions. Housing starts measure the groundbreaking of a foundation and precedes sales of new homes as well as spending on home goods and appliances.

Persons: —, Sonu Varghese, They're, Varghese Organizations: Carson Group, Housing, Service

☆ The dollar's dominance on the world stage isn't going away. Here's why.
▼ + stars: | 2023-04-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The move makes sense, given Russia's growing status as a pariah state, but it also highlights a push to unseat the dollar as a dominant force in global trade. But to strategists at the Carson Group, a scenario where the dollar isn't the world's primary reserve currency simply isn't in the cards in the near future. Are you convinced that the dollar won't lose its status as a dominant global reserve currency? Some companies in this batch of oil stocks have upsides of up to 180%, according to strategists at Bank of America. An expert from the World Gold Council pointed out that history says gold performs well in a recession.

☆ India's largest insurer LIC says it may review stake in Adani after management meeting
▼ + stars: | 2023-02-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

watch nowIndia's largest insurer says it "might" review its stake in the embattled Adani Group after meeting with the management. "We propose to speak to them about this ... just to try and understand what's really happening within the organization, within the Adani group." In a further blow, global index provider MSCI last week said it will cut the weightings of some Adani Group businesses, including flagship firm Adani Enterprises. Still, the LIC chairman said the national insurer isn't too concerned about the conglomerate's high debt levels or the recent volatility in Adani's share price. Adani falloutThe Adani fallout has raised concerns about the group's exposure to India's leading banks and insurers.

Prakash Singh/AFP/Getty ImagesThe recommendation to free the men was made by an advisory panel appointed by the Gujarat government, led by Narendra Modi’s Bharatiya Janata Party (BJP). Some lawmakers and activists have petitioned the Supreme Court for the men to be rearrested. Some saw the assailants’ release as a deliberate pitch for votes from BJP supporters ahead of the Gujarat state election. The couple want the decision reversed, as do those who have filed petitions with the Supreme Court. “We strongly believe that what happened with Bilkis was wrong and the convicts should be sent back to jail,” he said.

Mortgage rates have been rising rapidly over the past couple of months, but they've shown signs of calming this week. But as markets settle in around the expectation of more hikes, mortgage rates should hold steady for the foreseeable future. Mortgage rates could still trend up a bit from their current levels, but they likely won't go much higher. See more mortgage rates on Zillow Real Estate on ZillowMortgage calculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Mortgage rates started ticking up from historic lows in the second half of 2021 and have increased significantly so far in 2022.

Like a rate-and-term refinance, a cash-out refinance replaces your current mortgage with a new loan. You decide to get a cash-out refinance for the full amount you can borrow, which is $240,000 (or 80% of $300,000). Does it ever make sense to take on a higher rate to get a cash-out refinance? Cash-out refinance alternativesA cash-out refinance isn't the only way to take equity out of your home. Getting a cash-out refinance when mortgage rates are high typically doesn't make sense for most borrowers who are already locked into lower rates.

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