What do you get when you mix socialism, a totalitarian regime, and crazy central banking policies? Hyperinflation. According to a new forecast from the International Monetary Fund (IMF), the inflation rate in Venezuela is expected to soar to 10,000,000 percent. That’s right. Once again, socialism is producing a humanitarian crisis. But that’s not REAL socialism… […]
Archives for October 2018
Trump slams Fed AGAIN for causing market correction with rate hikes
Should President Donald Trump win re-election in 2020, you can be certain that he will not nominate Jerome Powell to the Federal Reserve again. He probably thinks it was a big mistake by now. First he slammed Powell at a private event. Then he lambasted Powell in public. Now he is going all out and […]
Forget What Phony Government Statistics Say – the ‘Strong Dollar’ Buys Less
By: Clint Siegner Some of last week’s weakness in the stock market was attributed to surprisingly week jobs report on Friday. Non-farm payrolls came in significantly below projections. However, much of that weakness was explained by Hurricane Florence. And the headline unemployment rate dropped to 3.7% – the lowest in almost 50 years. Much was […]
STUDY: Negative media coverage of Trump has gotten worse
When you think the mainstream media has topped out its negative coverage of President Donald Trump, the CNNs and the MSNBCs of the world ramp it up. Since Inauguration Day, hostile press coverage of the president has been about 90 percent. But that number has actually increased since the summer. According to a new study […]
Will rising interest rates crash the U.S. auto market?
U.S. consumers are backing out of automobile showrooms as the Federal Reserve continues to raise interest rates. Industry experts are warning tha auto sales may reach a tipping point as rising rates will turn buyers away from new cars. Wes Lutz, chairman of the NADA, told reporters following a speech to the Automotive Press Association […]