The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data…
Americans Panic Search “Give Car Back” As Subprime Auto Loan Delinquency Erupts…
Recent data from Edmunds reveals that an unprecedented 17% of American car purchasers now have monthly car payments of $1,000, a significant increase from just 7% three years ago…
Bond Markets Are Being Hit Hard — and It’s Likely to Impact You…
There is a sharp sell-off in the bond market, and it has big implications on both the economy and people’s pocketbooks…
More on the Bond Market: Bond Sell-Off Has Recession Indicator Flashing New Warning Sign…
The US economy has avoided slipping into recession all year, but one closely watched indicator shows it’s on the brink…
Post-Pandemic, World Facing Gloomy Stew of Debt, Trade Wars and Poor Productivity…
Record levels of government debt, geopolitical tensions that threaten to split the global trading system, and the likely persistence of weak productivity gains may saddle the world with a slow-growth future that stunts development in some countries even before it starts…
On This Day in 1971, Nixon ‘Temporarily’ Detonates a Money Bomb, Suspends Gold Standard and Turns the Dollar Into Funny Money…
The dollar has lost almost 90% of its value since 1971…
Moody’s Has Slashed the Credit Rating of Ten U.S. Banks, Including M&T and Webster Financial, Here’s What It Could Mean for You…
America’s banking sector is in a state of flux after ten regional firms had their credit ratings slashed by Moody’s…
The Fitch Downgrade of U.S. Debt: What You Need to Know…
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…
CPI Tumbles to 2-Year Lows, But Goods Prices Reaccelerate; Inflation Outpaces Wages for 26th Straight Month…
With CPI set for a ‘historic drop’, the market has FOMO’d into this print (and tomorrow’s FOMC) with the headline print expected to tumble from +4.9% YoY to +4.1% YoY. However, The Fed’s new favorite signal from The BLS is Core Services CPI Ex-Shelter, and that declined to +4.6% YoY – lowest since March 2022…
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