The United States energy market has just broken another record, turning the country into Saudi America. According to the Energy Information Administration (EIA), U.S. crude oil production topped 12 million barrels per day (bpd) this past week, an all-time high. The closest the country’s oil industry ever came to this figure was in the 1970s […]
Archives for March 2019
How do you get socialism in America? Green New Deal, Modern Monetary Theory (MMT)
By: Mark Hendrickson Thank you, Representative Alexandria Ocasio-Cortez. The Green New Deal (GND) she has unveiled is most illuminating. It is now unmistakably clear that AOC, Bernie Sanders, and other democratic socialists in the Democratic Party don’t want “socialism lite” but rather they want the federal government to take control of the “commanding heights” of […]
U.S. trade deficit surges to 10-year high thanks to strong economy
President Donald Trump’s war on the trade deficit isn’t going as planned. In fact, he is losing this battle because the trade gap is ballooning under his watch. According to the latest Bureau of Economic Analysis (BEA) data, the trade deficit was $621 billion in 2018, the highest it has been since 2008 when it […]
WILL SHE, WON’T SHE: Hillary Clinton NOT running for president – but door not closed
Finally! We can stop the presses and run with this headline: Hillary Clinton is NOT running for president. … But the door isn’t closed. Consarnit! The former Secretary of State confirmed earlier this week that she will not be running for president in 2020, but assured everyone that she’s ‘not going anywhere.” When asked again […]
POWELL PUT: Federal Reserve will stop $4 trillion balance sheet tapering ‘fairly soon’
The Powell Put is on – but when will it be rolled out? On Wednesday, Federal Reserve Chair Jerome Powell confirmed that the central bank was close to determining a date when its balance sheet reduction will come to an end. A little more than a year since the Eccles Building began to wind down […]