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It's a massive crisis created by the government, perpetuated by the government. Michael Boldin explains in this video.
Feb 23, 2023 - 07:48:58 PST
First, there are all of the issues that remain after the pandemic devastated the economy. Farmers cut back on food production to keep afloat, and now the laws of supply and demand mean that the same butter costs 31% more than it did a year ago.
Feb 23, 2023 - 07:45:40 PST
This informative video about central bank digital currency (CBDC) reveals that Nigerians are rioting over CBDC being forced on them by the central bank that declared that old banknotes are no longer legal tender as the bank puts the squeeze on cash. While only .5% of Nigerians use CBDC, over 50% use cryptocurrency.
Republican Senators Push Back Against Accord Giving WHO Power Over US Pandemic ResponseFeb 23, 2023 - 07:41:48 PST
The draft accord, which would be “legally binding” on all 194 member nations, gives the WHO the authority to declare pandemics and submits member countries to “the central role of the WHO as the directing and coordinating authority on international health work,” in areas like lockdowns, treatments, medical supply chains, surveillance, and “disinformation and false news,” once a pandemic is declared.
The extreme “tail” risk ahead may be disorienting. While nothing in our discipline relies on valuations to retreat anywhere near their historical norms, we view a market loss on the order of -60% as likely. The February comment examines profit margins, interest rates, monetary policy, growth, and the composition of the S&P 500. All of these have been used as ways to “justify”...
The Federal Reserve has been raising benchmark borrowing rates at the fastest pace in decades, but the interest rate paid out to millions of people with bank accounts is still stuck at almost zero. According to data from Bankrate, the average interest rate on savings accounts is just 0.23%. So what's going on?
Everyone — not just the highest earners — will need to ante up more if we want to pay for all the new government Democrats envision.
Automakers are slashing prices to help clear out inventory as high interest rates continue to weigh on the industry.
A recent survey pointed out what we’ve been saying all along – groceries prices are hard to handle, and quality food has become a luxury that few can afford. The survey was sponsored by Lean and Fresh, a food delivery service, which sought a case study on how inflation was affecting American diets. The survey respondents weren’t the people you might expect to be...
So now it’s out in the open: Joe Biden is creating an out-and-out socialist state. In his State-of-the-Union speech last week he bragged about interfering in gas prices, election reform, electric vehicles, bridges, computer chips, “20,000 infrastructure projects,” and Medicaid expansion, and vowed that he would go on to put the Federal government into every aspect of Americans’ lives...
While today’s monetary system operates very differently from that of the 19th century, monetary stability remains a global public good, which requires international cooperation.
Gold remains in a consolidation phase, but a firm GDP figure today would allow the Fed to keep rates higher for longer, which would be dollar positive and by extension weigh on gold, said independent analyst Ross Norman.
The dollar index rose to its highest in nearly seven weeks on Thursday, a day after minutes from the Federal Reserve's last policy meeting that supported, but did not add to markets' view the central bank will raise rates further.
One month after the first Q4 GDP estimate surprised to the upside, coming in at 2.9% vs expectations of a 2.6% number, moments ago things gradually reverted to normalcy for a Biden admin that has seen its fair share of grossly manipulated economic data, when the BEA reported in its 2nd estimate of Q4 GDP that the economy actually grew almost as expected one month ago, revising the GDP print to a 2.7% (2.68% to be precise) increase from 2.9%.
Initial jobless claims continues to hover 'bullishly' around the 200k mark (last week was 192k), despite the ongoing news of mass layoffs (and severance), dropping to four-week lows...
Brace for a sharp economic slowdown, warns top investor Jeffrey Gundlach...
‘Stubborn’ Food Inflation Leaves U.S. Shoppers With Slim Appetite for Other GoodsFeb 23, 2023 - 05:50:40 PST
As American shoppers stomach soaring food prices, they are cutting back on purchases of other goods, such as toys, clothing and housewares, in a challenging trend for retailers.
Fed: We’re in Danger of Falling Into 1970S-Style Inflation Without Aggressive Interest Rate HikesFeb 23, 2023 - 05:46:56 PST
“If inflation doesn’t start to come down, you risk this replay of the 1970s... Let’s be sharp now, let’s get inflation under control,” St. Louis Fed President James Bullard told CNBC Wednesday.
After falling the last few days, equities are seeing some lift following positive comments from Treasury Secretary Janet Yellen and better than expected quarterly results and guidance from Nvidia . Speaking at a G20 event, Yellen said the outlook for the global economy has improved since the group last gathered in the fall of 2022. This has us rather interested in the next few...
The reported job cuts add on to a slew of layoffs seen across most big banks that are trying to streamline operations following a slowdown in dealmaking activity, weakening economic growth and rising interest rates.