By: Andrew Moran The top fear among businesses, consumers, and investors? Inflation. The U.S. annual inflation rate has topped 5%, producer prices have exceeded 7%, the personal consumption expenditure (PCE) index jumped nearly 4%, and Wall Street and Main Street surveys have revealed increased expectations for higher living costs over the next year for fuel and […]
Money
#SaveTheKids: An update on the scam token
If you have not heard by now, several social media influencers peddled a Save The Kids cryptocurrency that was aimed at saving the kids. Unlike the joke coins out there these days, like Cum Rockets and Safer Moon, Save The Kids was meant to actually help children. Unfortunately, it was designed to enrich only a […]
Has Socialist Sweetheart AOC Been Corrupted By Capitalism?
By: James Fite Perhaps we should have seen it coming. She did, after all, hint at it herself. “I actually think I have a lot of common ground with many libertarian viewpoints in [the Republican] party,” Representative Alexandria Ocasio-Cortez (D-NY) explained back in 2019. A couple of months before that, she was teaming up with Senator Ted Cruz (R-TX). […]
U.S. stock market crashes on delta variant, inflation fears
Well, that was ugly. Out of nowhere, the financial markets had a meltdown, much like President Joe Biden’s brain when he asked a question without his cue cards. Here is a rundown of what happened: Dow Jones Industrial Average: -725.81, 2.09%, to 33,962.04 S&P 500: -68.67, or 1.59%, to 4,258.49 Nasdaq: -152.25, or 1.06%, to […]
BofA: Stagflation is coming in the second half of 2021
Bank of America is full of good news these days. First, the financial institution warned of soaring inflation. Then, the bank stated that hyperinflation is coming this summer. Now BofA anticipates stagflation slamming into the financial markets in the second half of 2021. According to Bank of America’s CIO Michael Hartnett, this is what the […]