
Car Companies Expected To Post Lowest Sales In A Decade As Focus Turns To 2021 Recovery
• Zero Hedge - Tyler DurdenDespite decent numbers from GM and Toyota for December 2020, all major automakers are expected to post the lowest sales in a decade.
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Despite decent numbers from GM and Toyota for December 2020, all major automakers are expected to post the lowest sales in a decade.
After initially threatening to veto it, Donald Trump signed into law a $2.3 trillion, 5,593-page spending bill that no member of Congress had read.
President-elect Joe Biden said Americans will get $2,000 stimulus checks if Democrats win both Georgia runoffs.
The U.S. Dollar got hit hard in 2020, declining nearly 7 percent (year over year) and as much as 12 percent from peak to trough during year.
I was about to put together a list of predictions for 2021, which is of course an extremely dangerous business given the uncertainties stemming from 2020.
One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve's one-size-fits-all "solution" to every spot of bother: print another trillion dollars and give it to rapacious f
The COVID-driven centralization of economic power and information control in the hands of a few corporate monopolies poses enduring threats to political freedom.
The following article by David Haggith was published originally on The Great Recession Blog:
The US dollar's position as the dominant global reserve currency is an immensely important factor in supporting the ballooning US government debt, the Fed's drunken money-printing, and Corporate America's ambition to offshore production to chea
How today's energy problem is different from peak oil
Major crises can effect rapid changes in public opinion that otherwise would have required years or even decades to develop.
The market, as Warren Buffett has pointed out, can be either a weighing machine or a voting machine. You can make money in the market either way, but you have to recognize which machine is giving you signals.
On December 16, Fed Chair Jerome Powell was specifically asked if he is seeing any signs of "valuation pressures" in the US housing market which according to the latest Case Shiller data was surging at the fastest pace in 6 years.
Choose wisely, America, or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon.
By definition, future human actions and the motivations behind those actions cannot be known ahead of time, or predicted with pinpoint accuracy. However, an understanding of immutable economic laws and the principles of Liberty can shine a light as t
During a year in which tens of millions of Americans were forced out of work and hundreds of thousands of businesses were destroyed, lawmakers could not even vote on clean relief legislation.
"The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,"
Last week Congress passed a massive coronavirus relief and omnibus spending bill. President Trump threatened to veto the bill, saying he wants an increase in the amount for "stimulus" checks authorized by the bill from 600 dollars to 2,000 dollar
55% of All Americans Say They Are "Nose Diving"
How Are Parents Supposed to Feed Their "Essential" Children?
One of the big reasons why so many Americans are angry about the size of the "stimulus payments" in the COVID relief bill that Congress just passed is because this year has truly been a "financial disaster" for millions upon millions of peopl
What happens when America finally admits its middle class is a phantom of feel-good fantasy? We may well find out in the next four years.
GOP Rep. Buck: I Think GOP Will Support $2,000 Check if Pork Is Removed, But Just Adding $2,000 Payment 'Unacceptable'
While government officials think people should be sitting around worshipping them for throwing the peons $600 in stimulus (which hasn't even arrived yet), the reality on the ground in the United States is that the government's decision making, as it
Even before the virus-induced downturn wiped out the savings of tens of millions of Americans, more than one hundred million folks throughout the country had nothing saved for retirement.
Inflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output." - Famed economist, Milton Friedman
Denouncing the $900 billion COVID-19 relief bill as a parsimonious "disgrace" and hinting at an Alamo-style finish on Jan. 6, when Congress votes to declare Joe Biden the next president, Donald Trump is not going to go quietly.
From mass job losses to not seeing family and friends for months on end, the COVID-19 pandemic has pushed people to their limits in 2020.
Nearly 50% of Americans have an 'unfavorable opinion' of AOC and 75% favor a free-market economy because 'voters hate socialism,' new survey finds
During a year in which tens of millions of Americans were forced out of work and hundreds of thousands of businesses were destroyed, lawmakers could not even vote on clean relief legislation.