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After nearly one million Chinese people were unable to access their bank deposits in central China’s Henan province earlier ...
The last time today's guest was on the program, he made the case that the world's largest nations, burdened by over $200 trillion worth of dollars in debt, better "get busy inflating or get busy defaulting" Since then, many of these countries have tightened their monetary policies.
The stakes are too high – for the country, and as is often the case, for the marginal in our society. We can no longer afford the rampant spending and our immoral, dangerous and undemocratic debt.
Jun 23, 2022 - 08:11:09 PDT
Democrats passed trillions in pandemic relief but continue to cry poor.
Jun 23, 2022 - 08:08:34 PDT
Taxpayers paid an eye-watering $855,000 per job saved by the federal bailout of state and local governments, according to a new paper.
Jun 23, 2022 - 08:07:33 PDT
The global food crisis sparked by the war in Ukraine will kill millions by leaving the hungriest more vulnerable to infectious diseases, potentially triggering the world's next health catastrophe, the head of a major aid organisation has warned.
Disruptive Tech Research founder and chief analyst Lou Basenese weighs in on the housing market and the overall state of the economy on ‘Varney & Co.’
Lawmakers pressed for solutions to the Internal Revenue Service’s paperwork backlog, which continues delaying millions of refunds from tax year 2020 and slowing taxpayers’ ability to get answers from the government.
President Biden asked Congress on Wednesday to lift the federal fuel tax for three months in a bid to reduce excessively high prices at the pump, but the proposal is finding little support in Congress
Not to worry, president Biden says a recession is not here, and no one on the Fed sees anything under one percent growth.
JP Morgan Chase is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported on Wednesday.
Laser-eyed Bitcoin speculator Michael Saylor blames regulators for the plight he is in.
This morning's PMIs - full of recessionary indications, forward-looking pessimism, and deflationary signals - appear to have been the straw that broke the camel's back of hawkish expectations. Rate-hike expectations have tumbled notably and subsequent rate-cuts are hovering at 75bps...
Jerome Powell Is the Worst Federal Reserve Policy Maker in My Lifetime: MWJun 23, 2022 - 07:32:41 PDT
The result is clear. It is no longer a question of if we get into a recession, but when. The combined effects of high energy prices and rate hikes will suck growth out of the economy and create a recession. By succumbing to market expectations of fast rate hikes, the Fed will create the very recession that the bear market in equities already anticipates.
Jun 23, 2022 - 06:48:04 PDT
Federal Reserve Chairman Jerome Powell is scheduled to testify before a House panel Thursday morning to discuss the state of inflation in the United States. The hearing will begin at 10 a.m. ET.
The biggest question, however, is whether Europe will slide into recession before the ECB has even had a chance to follow through with any of its hikes, which are supposed to begin as soon as next month... which is also when the European economy is now widely expected to contract, in another dire repeat of the events that pushed the continent into the sovereign debt crisis.
The return of stagflation will increase the growing movement to replace the dollar as the world reserve currency. This will be the final nail in the welfare-warfare-fiat money regime’s coffin. History shows that such a crisis usually results in people embracing some form of authoritarianism. However, if those of us who know the truth are effective in spreading the ideas...
Global Central Banks Are Playing Catch Up With the Fed Could Trigger a Global RecessionJun 23, 2022 - 05:54:42 PDT
“This process – and the global spillovers it implies from US monetary policy – could drive over-tightening and a global recession,” Evercore ISI analysts warned last week.
Biden Economic Adviser Asserts That More Government Spending Will Solve Inflation CrisisJun 23, 2022 - 05:50:55 PDT
In the meantime, we get to listen to the people that told us inflation was not a threat now tell us that inflation can be solved with more inflation.
We suspect things are about to accelerate rather notably in claims data as layoffs have very recently started to accelerate dramatically...