The U.S. annual inflation report for August came in, and it was not pretty. In fact, it was so bad that the financial markets crashed. It was an ugly sight. But the year-over-year consumer price index (CPI) eased to 8.3%, energy prices plummeted, and President Joe Biden assured the country that progress is being made. […]
Archives for September 2022
From inflation to retail sales: A big week for the U.S. economy is coming
A big week of data for the United States economy is happening this week. Here is a rundown: Monday, September 12 Federal Reserve Bank of New York’s Consumer Inflation Expectations. Forecast 6.1 percent. Tuesday, September 13 National Federation of Independent Business Optimism Index. Forecast 91.1 U.S. annual inflation rate. Forecast: 8.1 percent. U.S. annual core […]
Student loan forgiveness already proving it’s nothing what it seems
By: Andrew Moran The White House might have believed President Joe Biden’s student loan forgiveness was a knockout blow for the Republican Party ahead of the mid-term elections. In reality, the administration’s debt cancelation measure turned into nothing more than a wealth transfer boondoggle that could potentially upset more people than it helps. But no matter how […]
‘Other than that, Mrs. Lincoln, how was the play?’: Paul Krugman’s ‘Biden Boom’ falls flat again
Keynesian economist Paul Krugman is at it again. In a fresh New York Times blog post, Krugman discussed the “Biden Boom” in the labor market, writing that workers have never had it better, thanks to President Joe Biden’s policies. Here is what he wrote (emphasis ours): “President Biden has presided over a huge employment boom… […]
Central bank-hating Pierre Poilievre chosen as Canada’s new Conservative leader
Canada’s Conservative Party has a new leader: Pierre Poilievre. The name might not be familiar in the United States, but he rose to prominence during the coronavirus pandemic, particularly during the Trucker Convoy, as he slammed Prime Minister Justin Trudeau and his policies, from employing the Emergency Act to spending to oblivion. But what makes […]