At 5:13 p.m. ET on Tuesday, after the stock market closed, Fitch downgraded the U.S. credit rating from AAA to AA+…
They See It Coming – Fitch Joins S&P to Downgrade U.S. Credit Rating…
Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time…
Investors Go ‘All In’ on the Soft Landing Narrative…
Investors have now gone “all in” on the soft landing narrative, just like they did in 1989, 2000 and 2007…
Native-Born Workers Tumble by 369K, As Foreign-Born Workers Soar to Record High in Biden’s Economy…
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…
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