Helping You Survive and Prosper in the Greater Depression
The U.S. annual inflation rate slowed to 4.9 percent in April, down from five percent in March. Economists had expected anything between 4.9 percent and 5.2 percent. The monthly consumer price index (CPI) rose 0.4%, unchanged from the previous … [Continue reading] about U.S. inflation still 4.9% higher than a year ago, core CPI remains sticky
Inflation is expected to remain sticky and higher than what the Federal Reserve expects. According to the Federal Reserve Bank of New York's Survey of Consumer Expectations, the one-year-ahead inflation is expected to be at 4.4 percent, down … [Continue reading] about Inflation continues to be sticky, stubborn for consumers, new FRBNY data show
President Joe Biden sat down with MSNBC for a puff piece. It went about as you would expect. The best part about the interview was when the president said "we can't let Obama" get re-elected. Here is the … [Continue reading] about Joe Biden: ‘We can’t let Obama’ get re-elected
The Federal Reserve's much-anticipated Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices is out. It is everything you expected it to confirm: tighter standards and weaker demand. Here is a summary of the SLOOS findings … [Continue reading] about Banks tighten credit standards, loan demand weakens, Federal Reserve’s SLOOS finds
So, Western Alliance, another troubled regional bank, is on the cusp of failure. The company is exploring a possible sale. What did CNBC host Jim Cramer say just a couple of weeks ago? We have the … [Continue reading] about What did Jim Cramer say about Western Alliance?