Helping You Survive and Prosper in the Greater Depression
The Chinese economy is in such a terrible state that the government is indefinitely delaying key economic data. This comes after the General Administration of Customs failed to produce important import and export data for September. Now, some … [Continue reading] about China indefinitely postponing release of economic data
In case you missed it, former Federal Reserve Chair Ben Bernanke won this year's Nobel Prize in economics. He was victorious for his "research" work in the 1980s and his role in fueling, er, fighting the Great Recession. But it goes to show that … [Continue reading] about Ben Bernanke: Printing press allows Fed to print infinite amount of dollars at ‘no cost’
Despite the red-hot labor market in the United States, workers are not coming out ahead. The reason? Inflation is still sizzling, running north of 8%. And this is weighing on employees' wages. After this week's hotter-than-expected … [Continue reading] about Inflation eroding Americans’ earnings as real wage growth stuck at -3.8%
President Joe Biden does not understand how inflation works or how it started. Case in point, his newest claim is that if Republicans win in the November midterm elections, inflation will worsen. "If Republicans win, inflation is going to get … [Continue reading] about Joe Biden: ‘If Republicans win, inflation is going to get worse’
The price of diesel is spiraling out of control. According to the American Automobile Association (AAA), the national average price for a gallon of diesel is $5.189, up from $3.495 the same time a year ago. Plus, the spread between gasoline and … [Continue reading] about ‘Winter is Coming’: Diesel prices spiraling out of control as national average accelerates above $5