...Soaring Inflation, Sliding Margins
Congress is moving toward finalizing a $1 trillion infrastructure bill. Peter Schiff appeared on Newsmax "The Count" with Jenn Pellegrino to talk about the spending spree.
...propose a drastic rewording of the Fed's dual mandate to fit actual policy decisions it makes.
Prices are rising throughout the US economy. Federal Reserve Chairman Jerome Powell keeps telling us this inflationary surge is "transitory." But transitory doesn't mean what you think it means. The truth is higher prices are forever.
A half century ago one of the most disastrous monetary decisions in U.S. history was committed by Richard Nixon.
As I write this from a France making ever more bold moves toward forced vaccination, one can't help but ponder the broader issues of centralized government control, regardless of one's take on vaccine or no vaccine.
Yes, it's an official concern now. The mainstream media and the Biden Administration have gone from suggesting that Covid vaccinations would "not be mandated" to saying they "should be mandated."
The record number of job openings stands out in stark contrast against the countless Americans who are still collecting various pandemic emergency unemployment claims, which in the latest week was just above 11 million.
The American consumer has made a triumphal return.
A few weeks ago, the Wall Street Journal published a report about overpriced masters' degree programs offered by Ivy League Universities and other top-ranked private colleges that often left graduates "financially hobbled for life".
But once this last pool of wealth - America's middle class - has been siphoned dry, then who's left to stripmine and exploit?
Mortgage rates continued a multi-month descent Thursday, hitting their lowest levels in six months. Lower rates mean fresh buying power for potential homebuyers and a good opportunity for homeowners to refinance their mortgages
Starting in 2018 and lasting all the way until the covid pandemic, a remarkable golden age flourished in the US job market: that's when for 24 consecutive months there were more job openings in the US than unemployed people.
The agency's 'temporary' eviction moratorium is a ticking time bomb that's getting bigger with every delay.
There is a storm on the horizon. Rootless corporations, major financial institutions, and the federal government are poised to fundamentally change the way Americans live by separating them from property ownership.
Sixteen months ago, in March 2020, we argued for an end to government-imposed shutdowns of businesses, schools, churches, restaurants, and events due to the covid virus:
If you make a conscious choice to ignore all long-term consequences, managing your personal finances can be a lot of fun.
I See No Ships
"For one thing, in a world of free money, there's almost no penalty for being a numbskull. And no reward for prudence. You run your business at a loss? No problem. Just borrow whatever you need." - Bill Bonner
Last month when looking at the latest bank balance sheets, we showed that something was "terminally broken" in the US financial system:
Inflation continues to run rampant and it's distorting the entire economy.
, Reversing "Liquidity Tsunami"
People talk about shrinkflation - you pay the same but get less. The 10 ounce pack of bacon for $5.99 vs. the pound you used to get for the same price.
...we've run out of time to prepare.
For the last two years, the federal government has been legally at liberty to borrow any amount of money necessary to cover its deficit spending under the Bipartisan Budget Act of August 2019.
Take a look at what the FED's manipulation of interest rates has done to housing prices.
By now the narrative has gotten so absurdly grotesque and stupid, it's as if a platoon of monkeys or, worse, woke SNL writers put it on the back of a shampoo bottle.
- US Saw Record Drop In Poverty Last Year As 7 Million Jobs Disappeared
To understand the Fed's culpability for the inflationary disaster afflicting the American economy, it is necessary to start with the Big Lie that underlies all of its destructive machinations:
Timcast IRL - Millions To be EVICTED In Two Days, Biden Inflation Crisis Gets WORSE w/Jack Posobiec