Helping You Survive and Prosper in the Greater Depression
It was bad news for the U.S. economy on Monday, which turned out to be good news for the financial markets. The Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) weakened to 50.9 in September, surprising … [Continue reading] about Recession? Manufacturing PMI slips, construction spending falls
Crude oil futures are rallying on news that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+, could slash production levels, according to Bloomberg and The Wall Street Journal. After last month's decision to cut … [Continue reading] about Crude futures rally as OPEC could slash oil output by 1.5 million barrels a day on Wednesday
By: Andrew Moran When Hurricane Ian made landfall in Florida, pictures and videos flooded social media, highlighting the devastation as the storm destroyed businesses, damaged homes, and decimated public property. Unfortunately, like every other … [Continue reading] about Sorry, Keynesians, Hurricane Ian will not be great for the economy
Celebrated economist Steven Hanke recently warned that 0% money supply growth will trigger a recession in 2023. But the Federal Reserve's money supply growth has not declined. Instead, it has trended sideways this year, with some weeks showing … [Continue reading] about Federal Reserve’s money-supply growth trending sideways
The Bank of England (BoE) became the first major central bank to pivot on its quantitative tightening cycle. Because the government bond market was decimated due to Prime Minister Liz Truss' deficit-financed mini-budget, the central bank … [Continue reading] about LOL: Bank of England pauses quantitative tightening to bail out Truss, bond market