Helping You Survive and Prosper in the Greater Depression
President Joe Biden is running victory laps because inflation growth is lower than it was a year ago. The May consumer price index (CPI) eased to four percent, down from 4.9 percent. Core inflation, which strips the volatile food and energy … [Continue reading] about Inflation is falling? Check out this chart
The de-dollarization campaign has taken a breather in recent months. And then came a Reuters report that Pakistan paid for a Russian crude oil shipment in Chinese yuan. Interesting. Here is what the newswire reported: Pakistan paid for its … [Continue reading] about De-Dollarization: Pakistan pays for Russian crude oil shipment in Chinese yuan
When a new debt ceiling agreement was reached, the Republican leadership acted like they balanced the budget. What a joke. Instead, they achieved $50 billion in savings one exchange for raising the debt ceiling by $4 trillion. The … [Continue reading] about LOL: Biden-McCarthy debt ceiling agreement will trim national debt by $1.5 trillion over 10 years, CBO says
Europe is in a recession. According to new data from EUROSTAT, the eurozone economy unexpectedly contracted 0.1 percent in the first quarter. In the fourth quarter, the eurozone economy also fell 0.1 percent. This means that the bloc slipped … [Continue reading] about Eurozone slips into technical recession after ECB insisted no downturn was in the forecast
Is the U.S. economy in a recession? Half the country thinks so. According to an Economist/YouGov poll, 50 percent of U.S. adults think the country is currently in a recession. Twenty-eight percent do not think the economy is in a recession. … [Continue reading] about Poll: Half the country thinks the U.S. is in a recession