The U.S. economy weakened in the first quarter, continuing its slowdown trend. According to the Bureau of Economic Analysis (BEA), the first-quarter GDP growth rate was just 1.1 percent, down from 2.6 percent in the fourth quarter. This also came in below economists’ expectations of two percent. But the real surprise was the acceleration in […]
Archives for April 2023
Atlanta Fed Bank GDPNow Q1 model estimate downgraded to 1.1%
One day before the Bureau of Economic Analysis (BEA) releases the first-quarter GDP growth rate, a regional central bank downgraded its forecast for Q1. The Federal Reserve Bank of Atlanta’s widely watched GDPNow model estimate was lowered to 1.1 percent in the first quarter. Just a few days ago, it had been as high as […]
#BREAKING: Tucker Carlson issues video statement, stays quiet on Fox News departure
Former Fox News Tucker Carlson has finally broken his silence, issuing a video statement for the first time since it was announced that he and the network agreed to part ways. Despite everyone wanting the juicy details, Carlson took a two-minute opportunity to slam the mainstream media, the Republicans and Democrats, and the meaningless debates […]
Argentina ditches U.S. dollar, will pay for Chinese imports in yuan
The de-dollarization push continues. Argentina announced on Wednesday that it will begin to pay for Chinese imports in yuan instead of dollars. In response to the nation’s declining dollar reserves, Argentina will aim to pay approximately $1 billion of Chinese goods in yuan this month and then another $790 million a month in yuan moving […]
Federal Reserve money supply crashes 4%, fourth straight monthly drop
The Federal Reserve money supply is crashing like President Joe Biden’s approval ratings. In March, the M2 money supply contracted by 4.05 percent, down from 2.29 percent in February. This is the fastest decline in the money supply since the Great Depression when it cratered by about 25 percent. Here is a look at the […]