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…
Democrats’ Inflationary Energy Agenda Killed Climate Bill…
Why do environmentalists demand more expensive energy at the expense of climate action?…
Former Obama Economic Advisor Says Best Way to Deal with Inflation Is to Raise Taxes and Plunge Main Street into a Recession…
Jason Furman is the former Chairman of the National Economic Council under Barack Obama; he is currently a professor at Harvard teaching economics. If you ever wondered why the economy under Obama included the weakest economic recovery in history, the advice of Furman might explain it…
Inflationary Pressure Is Worse Than They Say…
We are apparently back in the spend-your-way-to-prosperity mode. Last week Wall Street greeted the “strong” April PCE number with a spree of dip-buying, but you have to wonder just how long households can keep reaching into their cookie jars in order to spend what they are not earning…
What in the World Is the Federal Reserve Thinking???…
You don’t use up all of your ammunition before the battle even begins. The U.S. economy has not even officially entered recession territory yet, although many experts are definitely anticipating one in 2020. When that recession arrives, the Federal Reserve is going to want as much ammunition to fight it as possible. So I was […]
A Secretive Committee of Wall Street Insiders Is the Least of the New York Fed’s Concerns…
In July 17, Mary Callahan Erdoes, head of JPMorgan Chase & Co.’s $2.2 trillion asset and wealth management division, walked into the wood-paneled tenth-floor conference room at the Federal Reserve Bank of New York to address some fellow Wall Street luminaries — Bridgewater Associates’ Ray Dalio, Dawn Fitzpatrick of Soros Fund Management, short-seller Jim Chanos, […]
Best “Recession” Ever – MAGAnomics: Inflation 1.7%, Wage Growth +3.5%, Real Worker Earnings +1.8%…
A series of very strong internal economic evaluations today from the Bureau of Labor Statistics (BLS) and the U.S. Department of Labor (DOL) show the Main Street economy is perfectly positioned with maximum benefit to the U.S. middle-class. First, despite two years of doomsayer predictions from Wall Street’s professional punditry, saying Trump tariffs on China […]
POWELL: FED IS NOT FORECASTING OR EXPECTING RECESSION…
Federal Reserve Chairman Jerome Powell said Friday the central bank’s pivot this year to lower interest rates has helped sustain U.S. economic growth. Speaking during a forum in Zurich, the central bank leader gave mostly positive reviews to where the U.S. stands now, even while much of the rest of the world weakens. “The Fed […]
Is There A Hidden Political Agenda? The Mainstream Media Is Suddenly Full of Stories About the Coming Recession……
All of a sudden, it seems like the mainstream media just can’t stop talking about “the coming recession”. If you go to Google News and type in the word “recession”, you will literally get dozens of articles from the last couple of days with “recession” in the headline. And of course it is true that […]
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