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May 23, 2022 - 12:16:39 PDT
Close to 40% of respondents in Alabama, Oklahoma, Wyoming and California said they were struggling to cover usual expenses, according to the household pulse survey.
There’s no endpoint in sight to a war that threatens widespread consequences.
Instead of buying into the World Economic Forum’s dystopian “Great Reset,” we can build an alternative system with a mandate to serve the people. This is part two to a May 4, 2022 article called “A…
Economic Outlook Has ‘Darkened’, Business and Government Leaders Warn in DavosMay 23, 2022 - 12:02:36 PDT
Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.
Bitcoin Could Fall to $8,000, a More Than 70% Plunge, Guggenheim’s Minerd SaysMay 23, 2022 - 12:01:18 PDT
Guggenheim Chief Investment Officer Scott Minerd said most crypto is "junk" but bitcoin and ethereum will survive.
May 23, 2022 - 11:54:33 PDT
As The Federal Reserve tries to fight inflation (it can’t thanks to Federal energy policies and bottlenecks), it is causing a disconnect between mortgage current coupon rate and the MBS index…
May 23, 2022 - 11:51:20 PDT
US home prices were growing at a near 20% YoY rate for the latest Case-Shiller National home price index report. But mortgage rates have soaring like a SpaceX missile shot. The result? Closed sales…
May 23, 2022 - 11:45:59 PDT
Mortgage rates have increased dramatically under “Middle Class Joe” as The Federal Reserve attempts to choke-off inflation caused by … The Fed coupled with Biden’s energy po…
May 23, 2022 - 11:44:07 PDT
President Joe Biden's top economic adviser played down the risk of recession in a recent interview, suggesting Americans ...
When it comes to the economy and money, you can't "fake it until you make it." If you try to fake it, you'll never make it. Ever since the founding of the Federal Reserve in 1913, America has been on a path to economic calamity. There aren't many grains of sand left in the hour glass. Major changes will have to be made soon.
Americans Were Worried About the Economy Even Before Inflation Exploded, Fed Survey ShowsMay 23, 2022 - 09:06:45 PDT
Americans already were getting nervous about the state of the national economy late last year, before the spate of surging prices and fears of a looming recession that have arisen in 2022, according to a Federal Reserve survey released Monday.
Our economy is not resilient or antifragile, it's a fragile sand castle of debt and denial.
I am confident a housing bust has just started and a global recession will soon be underway.
DiMartino Booth: "Amazon first announced it was going to be laying off 100,000 workers, and we really did get validation of the slowdown with Target, Walmart, Kohl’s saying we’re sitting on way too much inventory, demand is not there."
Inflation is created by governments, so the solution to inflation is political. Governments and cronies falsely claim that inflation is good or even necessary, when it’s neither. It’s just best for elites. Deflation, on the other hand, comes naturally when customers are in control, and this customer-driven deflation...
The Average Age of Vehicles on U.S. Roadways Hits a Record 12.2 Years: WSJMay 23, 2022 - 08:47:12 PDT
Drivers are holding on to cars and trucks longer to avoid high prices on replacements and an inventory shortage at dealerships
The federal government is an entity unto itself operating outside of Constitutional constraints and unaccountable to the American people.
Investors who are fretting that the Federal Reserve’s campaign to tame inflation is putting pressure on stocks might want to take a closer look at corporate bonds.
As the US Federal Reserve raises interest rates, debate rages on whether or not this tightening cycle will lead to a recession. History points to an interesting answer: Since World War II, Fed tightening has led to a range of consequences for the economy, from a hard landing to a weak one, but it has always led to financial crises somewhere — including every major global crisis in recent decades.
The European Central Bank is likely to start raising interest rates in July and exit sub-zero territory by the end of September, President Christine Lagarde said.