The bigger than expected QT taper announcement juiced markets (stocks and bond prices up, dollar down) into Powell’s press conference, then got spooked lower as he admitted “inflation has shown a lack of further progress… and gaining confidence to cut will take longer than thought.”…
Affluent Americans Are Driving U.S. Economy and Likely Delaying Need for Fed Rate Cuts…
Wealthy, older Americans are fueling a sustained boost to the U.S. economy…
Biggest Corporate Welfare Scam of All Time…
President Joe Biden keeps lecturing corporate America to “pay your fair share” of taxes. It turns out he’s right that some companies really are getting away scot-free from paying taxes…
“Obviously, This Is Very Bad News for Biden”: Wall Street Reacts to Today’s Red Hot inflation Print…
Coming into today’s CPI number, which followed three previous red-hot inflation prints, we said that it’s time for a “miss” (the first of 2024) not because the data demands it – on the contrary, prices continue to rise at a frightening pace – but because a dovish CPI print today would be the last opportunity for the Fed to set a timetable for a rate cut calendar ahead of November’s election…
Behind Friday’s Stellar Jobs Print: It Was Literally ALL Part-Time Jobs (AND Illegals)…
First things first: unlike the last two months when both the January and February jobs prints were beyond ridiculously manipulated and goalseeked to pass a terrible number as a strong one, the March print was not a complete disaster…
‘Animal Spirits’ Update (Or Reflections On Another Fake Unemployment Report)…
Yet another fake unemployment report…
Meet the ‘Disconnected Youth’: A Growing Group of Gen Z’ers Who Aren’t Working or Going to School…
One in three Americans ages 18 to 24 have no income, according to a new report.
Younger Americans are also increasingly depressed and not enrolling in college.
An analysis from the St. Louis Federal Reserve looks at the fate of younger workers.
Trump’s 10% Universal Baseline Border Tariffs Are a WIN for American Workers and Families…
President Trump has consistently been attacked for his tariff policies since his 2016 campaign, despite the fact that the tariffs he invoked as president led to the creation of hundreds of thousands of manufacturing jobs and billions of dollars in domestic investment…
Americans’ Credit Card Fees Have Surged 50% Since Biden Became President…
These numbers are unfathomable. Between the fees and increased interest rates how is anyone scraping by these days…
Inflation Hot: Consumer Prices Hit New Record High, up 19% Since ‘Bidenomics’ Began…
Consumers are spending more on energy, airline fares, vehicle insurance, food, rent and more…
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