In another signal that China and Saudi Arabia are trying to reduce their exposure to the U.S. economy, the two countries reduced their holdings of Treasury securities. In other words, Beijing and Riyadh decreased their holdings of U.S. government debt in June. According to the Treasury Department, China dumped $11 billion in Treasury securities, down […]
Money supply unexpectedly grows again, Fed data show
The Federal Reserve’s money-printing machines go brrrr … again. In June, the money supply expanded for the second consecutive month, totaling about $200 billion. While the percentage change from a year ago has been in contraction since December and has declined at the fastest pace since the Great Depression, the dollar figure has increased. And, […]
WATCH: Rachel Maddow interviews Hillary Clinton about Trump indictment, ‘election deniers’
MSNBC host Rachel Maddow sat down with Hillary “I Will Never Be President” Clinton. It was a strange interview because they were talking about election deniers. “If bad actors tell us falsely that every election is stolen and that the only way an election is trustworthy is that if they come out on top of […]
Tomorrow’s CPI data should see an expected jump; August inflation forecast to witness large increase
Tomorrow should be an interesting time. It could be the start of a renewed rise in the inflation rate. After 12 consecutive months of a slowdown in the growth of inflation, the American people could see a jump. According to the Federal Reserve Bank of Cleveland’s Inflation Nowcasting model, the annual consumer price index (CPI) […]
Another Biden-endorsed green company files for bankruptcy
Can green energy do anything right? Proterra, a maker of electric buses, chargers, and power systems, has filed for Chapter 11 bankruptcy protection. The 20-year-old firm filed for bankruptcy in the District of Delaware bankruptcy court on Monday, listing $819 million in assets and $610 million in debts. The company was celebrated at a recent […]