Helping You Survive and Prosper in the Greater Depression
Consumer credit rose $23.01 billion in April, down from $26.51 billion in March, according to the Federal Reserve. This was slightly higher than economists' expectations of $22 billion. From the U.S. central bank's G.19 report: "In April, … [Continue reading] about Consumer credit surges $23 billion in April: Fed
It was chaos in forex markets today, particularly for two currencies: the Chinese yuan and the Turkish lira. First, the yuan fell to a 2023 low after China's exports cratered 7.5 percent year-over-year. Economists had expected a drop of 1.8 … [Continue reading] about Currency Chaos: Chinese yuan hits 2023 low, Turkish lira crashes to record low
By: Ron Paul The political and financial class breathed a sigh of relief when Congress passed the Fiscal Responsibility Act of 2023. The bill suspends the debt ceiling for two years, thus avoiding the establishment’s nightmare of a government … [Continue reading] about Ron Paul: Republicans’ Fiscal Irresponsibility Act
The global economy is slowing down. According to the World Bank's new Global Economic Prospects report, global economic growth is projected to slow to 2.1 percent in 2023, down from 3.1 percent in 2022. For advanced economies, GDP growth is … [Continue reading] about Global economy to slow to 2.1% in 2023; U.S. projected to grow just 1.1% this year
After a week or two of speculation, it is being reported that JPMorgan Chase CEO Jamie Dimon is not running for president. From Bloomberg: Jamie Dimon, the longtime JPMorgan Chase & Co. chief, is not planning on running for office, according … [Continue reading] about Jamie Dimon has ‘no plans’ to run for U.S. president in 2024