At The Economic Collapse blog, Michael Snyder explains why Americans are sick of Bidenomics. He writes: Thanks Joe Biden! Ever since you entered the White House, economic conditions have taken a major turn for the worse. We have been experiencing the most painful inflation crisis since the Jimmy Carter era, more than 60 percent of […]
Is the Media Sugarcoating the Economy for Biden?
At The Economic Collapse, Michael Snyder suggests that the media is not telling you the truth about the economy. He writes: If you believe the corporate media, the U.S. economy is doing absolutely great as we start to roll through the second half of 2023. Even though inflation is out of control, the commercial real […]
GO WOKE, GO BROKE: Bud Light Lays Off Hundreds
After suffering major blowback for its brief partnership with trans influence Dylan Mulvaney, Bud Light is laying off hundreds of workers after sales plummeted. The Wall Street Journal’s Ngai Yeung reports: Anheuser-Busch InBev laid off hundreds of workers at its U.S. offices after months of slumping sales at Bud Light. The world’s largest brewer, which also sells […]
Taking Credit for Those Who Were Right
Reports from what was formerly known as Twitter, and now is called X: Following the Covid lockdowns, along with running up trillions of dollars in new debt, there is a welcome surge in the creation of new businesses. A study from Economic Innovation Group reports the remarkable surge in startups, especially in lightly governed parts […]
POWELL: Too Soon to Tell on Interest Rates
Federal Reserve Chairman Jerome Powell has said it’s too soon to tell if the central bank will continue to raise interest rates or not. Nick Timiraos reports in The Wall Street Journal: The Federal Reserve resumed lifting interest rates Wednesday with a quarter-percentage-point increase that will bring them to a 22-year high. Fed Chair Jerome Powell […]
Is the Commercial Real Estate Collapse Just Beginning?
There’s trouble in commercial real estate. At The Economic Collapse, Michael Snyder suggests that this is only the beginning. He writes: What is going to happen to our banking system as trillions of dollars worth of commercial real estate loans go bad? Many months ago, I warned that the greatest commercial real estate crisis in […]
Should McCarthy Have Forced the Government’s Hand?
There has been much criticism of Speaker Kevin McCarthy’s deal with Joe Biden on raising the debt ceiling. In David Stockman’s Contra Corner, Stockman explains that he believes McCarthy should have forced the government to choose between paying its vendors and beneficiaries or its debts. He writes: If there was ever any doubt, now we […]
Banks Falling Like Dominoes
At the Organic Prepper, Daisy Luther discusses the recent collapse of multiple banks, and the latest of those, First Republic. Luther writes: It was only 6 weeks ago when the nation was briefly paralyzed with concern as we watched three banks go under, with their deposits under FDIC control. At the time, I wrote that one […]
De-Dollarization Should Be a Wakeup Call to Congress
At the Ron Paul Institute, former congressman and presidential candidate, Dr. Ron Paul applauds the GOP Congress for some of the measures it passed in a recent bill addressing the debt ceiling. But, explains Paul, not nearly enough has been done, and efforts by other nations to expand de-dollarization in global trade should be a […]
Was Tucker’s Firing Part of Yellen’s Plan to Save BlackRock?
At Gold Goats ‘n Guns, Tom Luongo explains what he believes is the Democrats’ plan to save BlackRock and how it ties into Tucker Carlson’s firing by Fox News. He begins: The big news this week was Tucker Carlson’s unceremonious firing by Fox News. The reasons for Tucker’s firing are still unclear. And even Tucker’s […]
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