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If the Biden-Harris ticket is victorious in November, we have no idea how long it will be until Sleepy Joe's brain goes into a deep sleep and Kop Kamala places herself on the 4-year throne.
The Wile E. Coyote Moment For The US Consumer
The ongoing impasse over the next COVID-19 relief is likely to drag into September, as lawmakers have mostly fled to their home states, the next jobs report is weeks away, and the spotlight has shifted to the upcoming GOP and Democratic conventions,
Mall operators have put numbers to the stresses of COVID-19 on the second quarter, with the ensuing mass closures, negotiations over rent and accelerating retail bankruptcies.
Two weeks ago we reproted that "in an uprecedented move, Congress proposes taxpayer-funded bailout Of $550 billion CMBS industry."
Following yesterday's hotter-than-expected producer price data (led by a surge in energy costs and day-trading), analysts expected CPI to accelerate modestly YoY in July, but it acelerated significantly (rising 1.6% YoY vs +1.1% expected).
The latest economic data suggest the US recovery stalled. One look at the Citi US econ surprise index, as of this week, shows the recovery ran out of steam last month.
Hundreds of thousands of wealthy residents have already left New York City, and more are leaving every day as America's biggest city rapidly degenerates into a hellhole.
There's a national shortage of pressure-treated lumber, often used in projects such as decks and fences.
The first article in this series, Part 1 Debt, details the massive accumulation of debt and how it will handicap economic growth in the future.
Debt is but one crucial economic factor to consider when assessing economic growth. There are three other "D" problems worth considering - Depression, Demographics, and De-globalization.
This Global Depression Will Be Brutal ?" Tens Of Millions Of Americans Can't Pay Their Bills And Are In Danger Of Eviction
Mentally, it has been a challenge to marry a market challenging all-time highs against a backdrop of weaker earnings, falling profits, surging unemployment, and a recessionary economy.
Mentally, it has been a challenge to marry a market challenging all-time highs against a backdrop of weaker earnings, falling profits, surging unemployment, and a recessionary economy. Yet, here we are.
New York City is in Serious trouble. Indeed, all diverse US cities are in trouble, especially those ruled by Democrats. The combination of coronavirus and unchecked rioting and looting have undermined their economies.
President Trump signed multiple executive measures after Congress failed to pass another coronavirus relief bill.
o you recall that $3 trillion in stimulus money that the federal government sent out to people? Do you recall it was free because, as everyone knows, the federal government is rich? Do you recall how the mainstream press was talking about how generou
According to a recent CNBC report, the Federal Reserve is set to make a major commitment to "ramping up inflation."
According to a recent CNBC report, the Federal Reserve is set to make a major commitment to "ramping up inflation."
With the BLS's JOLTs, or job openings and labor turnover survey, coming in with an extra month delay, we already knew that both the June and July jobs data would come in well stronger than expected, after the record surge in May (if only after the ca
The COVID-19 pandemic has caused an unprecedented monetary and fiscal expansion globally. As BofA Chief Investment Strategist Michael Hartnett put it, "The monetary and the fiscal stimulus in terms of the announcements thus far, it comes to $20 trill
Will They Dare To Challenge Trump's Stimulus Orders
In brief The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has called for another strict lockdown.
Fans of "complementary currency" are betting that this Depression-era idea for keeping towns alive by printing local money can prove its worth as pandemic relief.
President's Working Group on Financial Markets Releases Report and Recommendations on Protecting Investors from Significant Risks from Chinese Companies
The US President's Working Group on Financial Markets is often referred to as the 'Plunge Protection Team'.
The impact that recreational vehicles have had on GDP has rocketed to all time highs, as the pandemic has Americans looking for new ways to vacation after many traditional summer trips have been cancelled. In fact, as many as 50% of Americans cancell
Politicians and Central Bankers attempt to do the impossible. They believe that with dictates and counterfeit money they can control the economy. The reality is the exact opposite. They only destroy the economy. Is it any wonder that the ultimate int
Lake Tahoe sees record property sales and rocketing prices amid the pandemic as Silicon Valley tech employees work remotely and families flee big cities for refuge in the mountains
Gov. Cuomo extends NY's eviction moratorium by 30 DAYS - one day after protesters stormed NYC offices of landlord attorneys demanding rent be canceled in the Big Apple
