Helping You Survive and Prosper in the Greater Depression
What's the deal with gas prices these days? Since March 29, the average cost of a gallon of gasoline has inched higher every day. On Wednesday, it topped $3.68, up seven percent since the beginning of the year. This is the highest level in five … [Continue reading] about Gas prices surge to five-month high of $3.68
Have the rumors of China's death been greatly exaggerated? Early data from China's reopening are in, and the numbers topped expectations. The first quarter GDP growth rate surged 4.5% year-over-year, up from 2.9% in the fourth quarter and … [Continue reading] about Chinese GDP accelerates 4.5% in Q1, tops economists’ expectations
The U.S. budget deficit has already topped $1 trillion in the first half of the fiscal year 2023. So much for reducing the federal deficit. The federal government recorded a budget gap of more than $378 billion in March, down from the $262 … [Continue reading] about Budget deficit climbs $378 billion in March, tops $1.1 trillion in first half of FY 2023
Not too many high-profile figures in U.S. politics have discussed the broader de-dollarization campaign. Senator Marco Rubio touched upon it in a Fox News interview earlier this month. Former President Donald Trump discussed the global … [Continue reading] about Donald Trump talks de-dollarization in Tucker Carlson interview
The Federal Reserve staff expect a recession later this year following the banking crisis, minutes from the March Federal Open Market Committee (FOMC) policy meeting show. Here is the key part of the minutes (emphasis ours): "For some time, the … [Continue reading] about Federal Reserve expects recession later this year after banking crisis: Minutes