Helping You Survive and Prosper in the Greater Depression
President Joe Biden appeared on CBS' "60 Minutes" where he was asked about the United States economy, particularly inflation. While his answers were generally incomprehensible, he essentially stated that inflation has flatlined and that the … [Continue reading] about Joe Biden: Inflation has gone up ‘hardly at all’
After the disappointing August consumer price index (CPI) reports, the financial markets tanked as everyone started freaking out about a potential full-point increase in interest rates at this month's Federal Open Market Committee (FOMC) policy … [Continue reading] about Reminder: Market is anticipating a 75-bps rate hike at September FOMC meeting
It's perfectly acceptable for border states to endure thousands of illegal immigrants sneaking across the border. But it is not OK for wealthy, left-leaning jurisdictions to welcome these migrants. Here is a perfect example of someone in the … [Continue reading] about Martha’s Vineyard resident on illegal aliens: ‘At some point, they have to move from here to somewhere else’
After today's abysmal economic data, the Federal Reserve Bank of Atlanta's GDPNow model was slashed for the third quarter. On Thursday, the GDPNow estimate came in at 0.5% for the July-to-October period, down from the previous model figure of … [Continue reading] about Atlanta Fed Bank slashes GDPNow model to 0.5% for Q3
The U.S. annual inflation report for August came in, and it was not pretty. In fact, it was so bad that the financial markets crashed. It was an ugly sight. But the year-over-year consumer price index (CPI) eased to 8.3%, energy prices … [Continue reading] about 5 things we learned from the August inflation report