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Academics have their code words when times get tough. Do we have high inflation? Are we in a recession, depression, or stagflation?
Major economies are delivering interest rate increases to quash domestic inflation.
Have you ever noticed how those who shriek the loudest about tyranny in foreign countries are always the same people calling for the censorship and deplatforming of anyone who criticizes the western empire?
“We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.” — Abraham Lincoln
1.3 Million Jobs Were Result Of Double-Counting This Year, Heritage Economist SaysSep 16, 2022 - 12:45:08 PDT
The monthly U.S. jobs reports have topped market estimates many times this year, including the July and August non-farm payrolls reports, which showed 528,000 and 315,000 new jobs, respectively, higher than what many economists and analysts had initially projected.
The last thing you want to do when a recession looms, is raise taxes. But that’s exactly where Biden’s policies are taking us. We already have a slowdown, and here come the taxes. Makes no sense, unless you're a socialist.
Sep 16, 2022 - 11:03:01 PDT
Never in the modern global economy have businesses seen such a rapid shift from shortage to glut.
The Fed, already with a difficult job next week, just found their job more difficult as markets and companies started the week fixated on some inflation metrics and may be finishing the week on recession fears.
The Ron Paul Liberty Report Published September 16, 2022
Government Intervention into International Currency Exchange Rates: Japan as a Case StudySep 16, 2022 - 10:34:38 PDT
The recent hefty depreciation of the yen to a twenty-four-year low against the dollar has raised eyebrows due to the yen’s traditional safe haven role in times of turmoil, such as the war in Ukraine.
A crucial part of the US Treasury yield curve risks inverting even more to a level last seen in the early 1980s as the economy inches closer to a recession, according to Allspring Global Investments.
Argentina’s central bank raised its benchmark interest rate Thursday in a bid to prop up its currency and curb inflation nearing 100%.
Sep 16, 2022 - 07:58:53 PDT
Consumers and businesses around the world are facing steeper prices for everything from Mexico's beloved tortillas to the aluminium cans used by beer companies.
Americans Increasingly Resorting To ‘Buy Now, Pay Later’ Loans for Necessities Like Food & FuelSep 16, 2022 - 07:31:15 PDT
Months of persistently elevated inflation are taking a toll on Americans' wallets. Data reveals that more consumers are resorting to credit cards and even "buy now, pay later" (BNPL) loans to cover the expenses of essentials like groceries and gas.
Chevron CEO Warns Americans To Brace For Higher Natural Gas Prices This WinterSep 16, 2022 - 07:28:35 PDT
CEO Mike Wirth made the comments in an interview with CNN on Sept. 13 in which he warned consumers that “there’s certainly a risk that costs will go up” when it comes to natural gas.
The White House threw up a test balloon earlier this week, suggesting that it could refill the SPR when oil sinks below $80–according to Bloomberg, citing an anonymous WH source. The point ostensibly would be to protect U.S. crude production growth and keep prices from plummeting by creating artificial demand via refilling the SPR to the tune of more than a hundred million barrels. (This would be at a time when inventory is currently at only 434 million barrels, compared…
Raging US inflation is resulting in Federal Reserve monetary tightening, causing the 30-year US mortgage rate to hit it highest level since November 2008 (the beginning of Fed Quantitative Easing). Bankrate’s 30-year mortgage rate just hit 6.28%, the highest rate in 14 years.
After the marked improvement in sentiment in August, consumers showed signs of uncertainty over the trajectory of the economy.
As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies that would do them lasting harm, according to a comprehensive new study by the World Bank.
Ken Rogoff: inflation is terrible, productivity growth is 'awful': 'Worse than it seems’Sep 16, 2022 - 05:53:28 PDT
Former IMF chief economist Kenneth Rogoff issued a harsh assessment of the economy,