You rely on The Profit Sector to bring you the most honest and profitable investment advice around. We do that every day. But there are so many fascinating things happening worldwide that we can’t cover it all.
Some of them are revelatory, some of them are practical, and some of them are just plain bizarre.
Here are a few things we discovered this week that were not fit to print.
The Rise of the Scented-Candle Industrial Complex
The fragrance market has grown by at least 50% since 2019, according to two data providers. The pandemic helped that rise, as many of us became preoccupied with our health, both physical and mental.
Sales are holding up even in the current bleak economic climate.
“It’s the most accessible luxury.”
How Arizona Is Positioning Itself for $52 Billion to the Chips Industry
The state has become a hub for chip makers including Intel and TSMC, as the government prepares to release a gusher of funds for the strategic industry.
The Fate of America’s Largest Supply of Helium is Up in the Air
The Federal Helium Reserve was supposed to be sold off in 2021. Scientists hope it will remain in government hands. Helium producers are praying it doesn’t.
Recession Watch: Fed Can’t Tame Inflation Without ‘Significantly’ More Hikes
The Federal Reserve is unlikely to be able to bring down inflation without having to raise interest rates considerably higher, causing a recession, according to a research paper released Friday.
“We find no instance in which a central-bank induced disinflation occurred without a recession.”
‘Dr. Doom': Stocks and Bonds Will Suffer for Years
Stocks and bonds are in for more severe losses for years to come, according to economist Nouriel Roubini. That's because inflation will stay closer to 6%, spelling big losses for traditional assets.
“If I'm right, then the average inflation rate is not going to be 2%, it's going to be 6%. And the losses we saw last year in bonds and equities, it's going to be more severe in the years to come.”
