By: Andrew Moran Is inflation still transitory? The Bureau of Labor Statistics (BLS) published the latest consumer price index (CPI) numbers for September, and the data suggested that the claims made by the Federal Reserve and the White House that inflation is transitory might be hogwash. From skyrocketing food prices to advancing energy costs, inflation in the United States does […]
Money
#Evergrande: China’s too-big-to-fail real estate giant about to be saved?
By: Andrew Moran As market analysts count the yuan and investment observers warn of the impending economic doom from Evergrande’s decline, it is easy to miss the human tragedy involved in this dire situation. The story continues to intensify by the day, with folks storming headquarters and investors threatening to kill themselves after parking their life savings […]
A toilet paper shortage coming to a city near you?
By: Andrew Moran The U.S. economy is 20 months removed from one of the most bizarre events in modern times. For about two weeks, consumers flooded every gas station, residence, warehouse, farmhouse, henhouse, outhouse, and doghouse in a hunt for toilet paper, grabbing any last sheet of Cottonelle and – God forbid! – one-ply generic brand they could […]
LOL: Jerome Powell admits hot inflation will last longer than anticipated
U.S. officials keep moving the goal posts. The evolution has been fascinating. Inflation went from not happening to being hot for longer real quick. Fed Chair Jerome Powell told the Senate Banking Committee in prepared remarks that inflation pressures are likely to last longer than expected. “Inflation is elevated and will likely remain so in […]
Joe Biden wants to snoop on your bank account to help the IRS
By: Andrew Moran One of President Joe Biden’s chief economic policies is to provide the Internal Revenue Service (IRS) with $80 billion to collect more taxes to fund his extravagant agenda. This consists of hiring more enforcement officers and beefing up audits of high-income earners. But the administration has also proposed another method to confirm greater […]