Financial markets roared on Tuesday as the annual inflation rate slowed to 3.2 percent in October. The core consumer price index (CPI) eased to four percent. Next on the inflation calendar will be the producer price index (PPI), which has been gaining steam in recent months. The most notable facet of the Bureau of Labor […]
Archives for November 2023
Moody’s slashes U.S. government rating outlook to ‘negative’ on fiscal risks
How embarrassing for President Joe Biden. For the second time this year, the U.S. has received a downgrade. Moody’s Investors Service trimmed the U.S. government’s rating outlook from stable to negative, alluding to growing fiscal risks threatening the country. Here is what the agency said: “In the context of higher interest rates, without effective fiscal […]
LITERALLY HITLER: Hillary Clinton compares Donald Trump to Adolf Hitler (again)
What is this? 2016? Come on, man. The woman who will never be president, Hillary Clinton, thinks it’s 2016 again as she compared former President Donald Trump to Adolf Hitler. Appearing on The View this week, Clinton likened Trump to the German dictator, warning that re-electing the real estate billionaire mogul will end American democracy. […]
Vox: ‘The problem isn’t inflation. It’s prices.’
In one of the funniest headlines you will read today, if not this year, comes from Vox. “The problem isn’t inflation. It’s prices.” Yes, you read that right. The left-leaning publication writes: “The root of what’s going on here can feel obvious: blame inflation, which picked up in mid-2021 and throughout 2022. But that isn’t […]
October Jobs Report: More revisions, more government jobs, more unemployment
The October jobs report was a doozy. The U.S. economy created 150,000 new jobs in October, down from a downwardly revised (more on that soon) 297,000 in September. This was also below the market estimate of 180,000. The unemployment rate edged up to a higher-than-expected 3.9 percent, up from 3.8 percent. But here are the […]