U.S. automakers and a group of Senate Democrats are working to hobble provisions of the Inflation Reduction Act intended to bolster the domestic critical mineral supply chain, exclude China from benefiting from U.S. taxpayer subsidies, and set the U.S. on a path to renewable energy independence…
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Coinbase Shares Soar on BlackRock Crypto-Partnership News…
Coinbase shares are up almost 40% this morning following news that the major crypto-exchange will be partnering with the world’s largest asset-manager, BlackRock, to make it easier for institutional investors to manage and trade Bitcoin, marking a major push into cryptocurrencies for the world’s largest asset manager…
Three in Four Millennials Are More Than $100,000 in Debt: Report…
Millennials on average spend nearly half of their monthly income, 47%, on housing alone…
Job Openings in June Decreased 605,000, Retail Sector Dropped 343,000…
The Bureau of Labor Statistics (BLS) produces a monthly report of available job openings. The Job Openings and Labor Turnover Summary (JOLTS report) shows the number of available jobs at a captured moment in time. This JOLTS report [DATA HERE] is a summary of the last day in June…
Did Joe Manchin Threaten to Switch Political Parties? Chuck Todd Seems to Know He Did…
West Virginia Senator Joe Manchin was on every Sunday talk show today (CNN, NBC, ABC, CBS and Fox) responding to his reversal of position on the Build Back Better legislative package (Green New Deal spending) that is part of the senate budget reconciliation bill. There is something very interesting in his justification. [Do not skim read this, all citations included]…
Suspicions Rise After Officials Notice Disturbing Travel Patterns in Federal Reserve Employees…
For the past nine years, the Chinese government has allegedly been trying to tamper with the Federal Reserve in an attempt to undermine American monetary policy…
Senator: Americans Would Be ‘Shocked’ If They Saw Where COVID-19 Relief Funds Went…
A Republican senator said that only about 10 percent of a $2 trillion COVID-19 relief package actually went to dealing with the pandemic, asserting that American taxpayers would be alarmed by where the funds are going…
FUBAR, Second Quarter GDP Contracts 0.9%, The U.S. Economy is Officially in Recession…
Jumpin’ ju-ju-bones, CTH did not expect the BEA to admit the U.S. economy was in recession. CTH originally predicted the BEA would use lower import data as the primary tool to modify the GDP result…
Since Taking Office in 2021, Biden and Team Have Redefined 6 Normal Terms to Further Agenda, Stigmatize Opponents…
From “recession” to “disinformation,” the president and his team have weaponized language for political purposes…
Reporter Exposes White House’s Blatant Redefining of ‘Recession’ (VIDEO)…
“What’s the difference other than who’s president?”…
Is the Fed At the End of Its Rope?…
The Federal Reserve delivered another 75 basis point interest rate hike at its July FOMC meeting. This pushes the federal funds rate over the 2% threshold to between 2.25% and 2.5%…
Fed Hikes 75bps: Remains “Highly Attentive” to Inflation But Cautions Economy “Softening”…
Since the last FOMC Statement on June 15th, we have witnessed the biggest combined stock-bond rally in more than two decades – Stocks and bonds have soared in the last month, the dollar rallied, but gold has been clubbed like a baby seal…
Shhh! Don’t Tell the Public That Their Investor Advocate at the SEC Has Gone Poof, Along with His Most Recent Reports…
His name is Rick Fleming and there is a very good chance that you’ve never heard of him. Now, there’s a very good chance that you’ll never see the reports that he meticulously compiled twice a year over the past eight years that he served in the role of Investor Advocate on behalf of retail investors at the Securities and Exchange Commission…
The New Herr Hitler, Klaus Schwab of the World Economic Forum, Calls for An End to Private Car Ownership…
The World Economic Forum (WEF) is calling for the end of private car ownership in the name of saving the world from climate change by reducing the need for green tech resources…
David Stockman on the All-Out Commitment to Destroy Fossil Fuels… Will It Succeed?…
Investment in all phases of the fossil energy industry has swooned sharply in recent years, owing to both government regulatory and tax subsidy interventions and also due to the takeover of the Wall Street energy narrative by the ESG (environmental, social and governance) nonsense…
No Recession? All of a Sudden Yield Spreads Are Collapsing…
No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk…
Douglas Macgregor: We’re Seeing the End of the Dollar-Based Global Economy…
Ret. Col. Douglas Macgregor on Friday warned we are seeing the end of the dollar-dominant global economy in an interview with FOX News host Tucker Carlson. “I think we’re seeing the end of the dollar-based global economy,” Macgregor said. “We’ve weaponized the global monetary system that we largely dominant and control…
Why Is the Biden Administration Depleting U.S. Strategic Petroleum Reserve for the Benefit to China?…
Every House Democrat voted against a ban on selling oil from the SPR to China…
Expert Proved Biden’s Treasury Secretary Dead Wrong on Inflation, His New Warning Shows She Can’t See What’s Coming…
For the Joe Biden presidency, it was a bad start. For the rest of the country, it’s likely to be a worse week — and November can’t come fast enough…
When Is a Recession Not a Recession? When the Financial Media Need to Protect Joe Biden…
The Bureau of Economic Analysis (BEA) is scheduled to deliver their calculation for the second quarter (Apr, May, June) Gross Domestic Product (GDP) on July 28, next week. The calculation is essentially the total value of all goods and services generated within the U.S. economy, minus the value of exports received…
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