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In another example of the Trump Administration using the bureaucracy to circumvent intransigent House Democrats, the Department of Agriculture is taking steps to cut food stamp benefits for 3 million Americans by limiting a state's ability to automat
Freight brokers continue to paint an ugly picture for the industry ahead. According to FreightWaves, despite higher rates at the end of June, brokers are saying that conditions have "eased" again and pressure is coming on gross margins from customers
Democratic presidential candidate Elizabeth Warren is sounding the alarm.
The world's largest central banks are preparing for a policy u-turn, some have questioned whether 'more of the same' from the ECB will be enough to revive the continent's moribund economy. In fact, BlackRock CEO Larry Fink speculated that the ECB wo
Josh Sigurdson talks with former head contender for the Federal Reserve Stephen Moore as many questions the current state of the economy and whether we are heading into a recession. Stephen Moore has been considered the top critic of the Federal Rese
The combination of American trade protectionism and the end of a failing credit expansion is leading into a global economic downturn, and potentially a systemic crisis.
Everyone picks on Millennials these days but a new study by Lending Tree shows that out of all the generations, Gen X is the one dealing with the deepest financial problems.
The widely discussed "everything bubble" is, in reality, a corporate junk bond bubble on steroids sponsored by the Fed.
Foreigners Dump US Treasurys, Liquidate A Record $216 Billion In US Stocks In 13 Consecutive Months
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes.
After weak home sales data and re-weakening in mortgage applications (but a modest recovery in homebuilder sentiment), expectations were for a slowdown in starts and permits but the June prints were shockingly bad. Housing Starts dropped 0.9% MoM
Thursday was a Red Letter day for that old "you don't say!" riposte. We are referring to the obvious response to Powell's black and white confession to the Senate Banking Committee yesterday that more people working doesn't cause inflation.
Host:
Ernest Hancock
Paul Rosenberg (Freeman's Perspective) on his latest Parallel Society Newsletter on A Clear and Compelling Vision - Tim Picciott (Crypto Self Direct; The Liberty Advisor; Wealth Manager @ Innovative Advisory Group) gives The Economic Report
According to Cass, "Freight shipments signal economic contraction".
On a recent call with ETMarkets.com, no-nonsense economic guru Jim Rogers restated his concern that a bear market was on the way, and investors should be on the lookout for small signs to avoid another crisis like 2008.
As the economy cycles down through summer, there is new, alarming data that shows retail store closings are accelerating.
Even though everything else seems to be going wrong, the stock market just continues to soar to new record highs.
Last Chance for a Good Price Was 7 Years Ago
US Representative Alexandria Ocasio-Cortez's chief of staff, Saikat Chakrabarti, admitted that the Green New Deal is about changing the US economy when he met with the climate director for Washington State Governor Jay Inslee. Chakrabarti said, "
"Job growth started to show signs of a slowdown," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "While large businesses continue to do well, small businesses are struggling as they compete with the ongoing ti
President Trump wants The Fed to flood the economy with (even more) credit. The so-called "independent" Fed has indicated that it's going to comply. A bigger bubble means an even bigger bust must occur at some point. Central planning is right on cour
The CPI did much of nothing but some are cheering the rise in apparel prices and rent. Let's investigate further.
Truckers' are fearing the worst as many don't see themselves being able to remain in business for the long term. Their confidence has plummeted to recession levels and their fears of a downturn are skyrocketing.
Federal Reserve Chairman Jerome Powell said Thursday that the global economy could suffer "unthinkable" damage if the White House and Congress fail to raise the federal debt limit.
Host:
Ernest Hancock
Max Igan (radio host, political commentator, activist, world traveler, author, lecturer, philosopher) TheCrowHouse.com = History Rewritten - censorship, shadow-banning, etc... - Tim Picciott (Crypto Self Direct; The Liberty Advisor; Wealth Manager
With the Fed's critical July meeting - where equity bulls hope to see the central bank deliver the 50 bp cut to the Fed funds rate that President Trump has demanded - just weeks away, Fed Chairman Fed Powell will sit for his biannual testimony before
Those in the bottom half have nothing. The top 10% have 70% of the wealth. Between the second quarter of 2010 and the second quarter of 2012, the bottom 50 had negative combined net wealth. Here is the same chart in dollar terms.
The auto industry continues to look like a bursting bubble in progress and all around sad state of affairs, despite low rates and the "prosperity" of the stock market hitting new all time highs. Meanwhile, under the surface of those numbers, the actu
Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs amid concerns that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged up to 3.7% as labor force participation ro
President Trump has never been a fan of the strong dollar. And after beating around the bush for months by demanding a 50 bp rate cut and more QE from the Fed, it seems the president is now explicitly calling on the US to artificially weaken the gree
