Helping You Survive and Prosper in the Greater Depression
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 … [Continue reading] about Another Biden-endorsed green company files for bankruptcy
The U.S. labor market is showing signs of cooling off after the July numbers were the second weakest of the President Joe Biden era. Before we get into the nitty-gritty, here are the basic numbers from the July non-farm payroll report: The U.S. … [Continue reading] about WTF? Jobs data revised down again in July
Goodbye, recession forecasts. Hello, stagnation? This is the word on Wall Street today after the Institute for Supply Management (ISM) Services Purchasing Managers' Index (PMI) slowed to 52.7 in July, down from 53.9 and below the consensus … [Continue reading] about Got stagnation? Services sector slows, price pressures tick up
Treasury Secretary Janet Yellen is angry. You don't like her when she's angry. After Fitch Ratings downgraded the U.S. long-term foreign-currency issuer from AAA to AA+, the White House was furious, saying that it "defies reality." Treasury … [Continue reading] about Janet Yellen blames Fitch’s ‘flawed assessment’ for U.S. credit downgrade
Fitch Ratings slashes the U.S. long-term foreign currency issuer default rating from AAA to AA+. Ouch. The last time this happened was in 2011. Fitch alluded to "expected fiscal deterioration over the next three years," soaring debt, and … [Continue reading] about ‘Fiscal Deterioration’: Fitch downgrades U.S. long-term rating as debt troubles mount