From the looks of the monthly Nonfarm Payrolls data that American workers are getting royally screwed under the Biden economy…
“The Crisis Is About to Get Much Worse…Jeffrey Sachs…
University Professor at Columbia University Jeffrey Sachs spells out what American’s are facing with the incredibly unstable financial system promulgated by the Federal Reserve, central banks, too big to fail banks and the governments in the United States and Europe…
CPI Report – Inflation on Food, Fuel, Home Heating and Essentials Continues Growing – Overall Inflation Moderation Now Claimed as Calendar Cycles…
The Bureau of Labor and Statistics (BLS) provides the latest data on consumer prices (inflation)…
An Economist’s Chart Goes Viral: Shows Main Source of Inflation Chart Using BEA Data on Where Inflation Is Coming From…
On April 21 Josh Bivens posted a titillating analysis on the Working Economics Blog. Bivens has a Ph.D. in Economics from the New School for Social Research and is the Director of Research at the Economic Policy Institute. The blog post was titled: “Corporate profits have contributed disproportionately to inflation. How should policymakers respond?”…
“Strong as Hell” Economy Is a Mirage of Math…
“President” Joe Biden described the US economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that…
Steve Mnuchin Is Not Pretending, States U.S. Economy Is Already in Recession…
A lot of people didn’t like Steven Mnuchin as Treasury Secretary, I did. Secretary Mnuchin was an inside player, a billionaire himself, who worked for the outside team…
Bidenomics – Home Values Continue Dropping Quickly, Especially On West Coast – Meanwhile Rents Continue Increasing…
As inflation bites the working-class hard, U.S. household savings rates continue dropping fast. When combined with drops in home values the loss in home equity compounds the issue. American families are getting poorer much more quickly under Joe Biden’s economic policies…
The Great Economic Pretending Has Become Absurd, WSJ Economists Ignore Current Reality and Ponder Possibility of Recession in 2023…
I do not know how to describe this with the Through The Looking Glass absurdity it deserves…
Shocking Consumer Credit Numbers: Everyone Maxed Out Their Credit Card As Economy Slid into Recession…
While it is traditionally viewed as a B-grade economic indicator, the August consumer credit report from the Federal Reserve was another shocker especially after last month’s unexpected slow down in credit card debt, which we attributed to the surge in credit card rates…
Here Comes the Open Revolt: A Reeling Europe Lashes Out At the Fed for “Bringing Us to a World Recession”…
As a result of the Fed’s relentless tightening blitz, which on November 2 will have hiked rates by 75bps on four occasions in just 96 trading days, the fastest tightening campaign since Volcker, both US capital markets (the S&P 500 is down -24%, for the 4th worst year on record, only 1931, 1974, and 2002 were worse; and 10Y TSYs are down -17% for the worst year on record… 1987 second worse, and bonds were down -10%) and the US economy have been left reeling…
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