Helping You Survive and Prosper in the Greater Depression
Is the U.S. in the middle of a credit crunch? The latest Federal Reserve G.19 data certainly suggests so. In May, total consumer credit rose by just $7.24 billion, down from a downwardly revised $20.32 billion. This was also way below the … [Continue reading] about Credit crunch begins? Total consumer credit rose by lowest level since November 2020
The U.S. economy just recorded the worst jobs report of President Joe Biden's time in the White House. In June, the labor market added 209,000 new jobs, down from a downwardly revised 303,000 in May. This was below the consensus estimate of … [Continue reading] about U.S. economy posts worst jobs report of Biden’s presidency
It is safe to say that the June non-farm payrolls report is going to be, as the kids say, lit. Why? A few employment reports were released on Thursday and they were astounding. The first was the ADP National Employment Report. It highlighted … [Continue reading] about Wow! U.S. private sector added 497,000 new jobs in June, ADP data show
The U.S. Commerce Department says that it is opposed to the Chinese government's decision to slap export controls on two rare earth metals: gallium and germanium. Commerce Department officials issued a statement, noting that the U.S. government … [Continue reading] about U.S. opposed to China’s export controls on gallium, germanium: Commerce Department
The Federal Reserve released minutes from the June Federal Open Market Committee (FOMC) policy meeting. Here is a summary: Federal Reserve economists expect a "mild recession" later this year. Some participants were open to a 25-basis-point … [Continue reading] about FOMC Minutes: Federal Reserve economists expect ‘mild recession,’ officials anticipate more rate hikes