President Joe Biden’s interview with “60 Minutes” is the gift that keeps on giving. In one part of the interview, he was asked about Asia. Biden confirmed that U.S. Armed Forces would defend Taiwan in the event of a Chinese invasion. He reiterated this commitment in the interview. What is even more interesting is that […]
Archives for September 2022
Joe Biden: Inflation has gone up ‘hardly at all’
President Joe Biden appeared on CBS’ “60 Minutes” where he was asked about the United States economy, particularly inflation. While his answers were generally incomprehensible, he essentially stated that inflation has flatlined and that the economy created all these jobs. Huh? In August, the consumer price index (CPI) came in at a higher-than-expected pace of […]
Reminder: Market is anticipating a 75-bps rate hike at September FOMC meeting
After the disappointing August consumer price index (CPI) reports, the financial markets tanked as everyone started freaking out about a potential full-point increase in interest rates at this month’s Federal Open Market Committee (FOMC) policy meeting. While it is likely the central bank will continue to hike rates and maintain its tightening campaign, the market […]
Martha’s Vineyard resident on illegal aliens: ‘At some point, they have to move from here to somewhere else’
It’s perfectly acceptable for border states to endure thousands of illegal immigrants sneaking across the border. But it is not OK for wealthy, left-leaning jurisdictions to welcome these migrants. Here is a perfect example of someone in the area wanting others to take in these illegal aliens. “At some point, they have to move from […]
Atlanta Fed Bank slashes GDPNow model to 0.5% for Q3
After today’s abysmal economic data, the Federal Reserve Bank of Atlanta’s GDPNow model was slashed for the third quarter. On Thursday, the GDPNow estimate came in at 0.5% for the July-to-October period, down from the previous model figure of 1.3%. It should be noted that the GDPNow estimate was as high as 2.6% before several […]