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US Industrial Production was expected to slow its re-acceleration in December with a 0.2% MoM increase versus November's 0.5% MoM rise, but things were notably worse with Industrial Production contracting by 0.1% MoM.
Did anyone out there actually expect things to turn out differently? When the federal government kept borrowing and spending trillions upon trillions of dollars that we did not have, we were warned that this day was coming.
upside pain anyone…?
The president can't fix a problem he doesn't understand.
The United States December jobs report shows that the labor market remains weak.
Well, we are finally here: 2022 has arrived and the rate shock that BofA's bearish chief investment strategist Michael Hartnett has prophetically been warning about arrived right out of the gate, and with a bang as both nominal and real yields spiked
Concentration is increasing prices and keeping them high. The ammunition duopoly and the "Great Ammunition Shortage" is just one example.
A consumer credit binge is underway, led by credit cards.
Concentration is increasing prices and keeping them high. The ammunition duopoly and the "Great Ammunition Shortage" is just one example.
While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month:
Outgoing Fed Vice Chair Quietly Covered Up Suspicious Trades Made During March 2020 Market Rout
...Thoughts On The Moral Basis Of Sound Money And Our Future
PUBLISHER COMMENT: Here's a name that is going to be interesting to know... FYI
How are the dollars and cents of your life changing as we move into 2022? Peter Schiff joined University of Miami Business School Dean John Quelch and host Holland Cooke on RT's "Big Picture" to talk about the year ahead.
From coast to coast, we are seeing businesses close because they simply cannot find enough workers. In the entire history of the United States, we have never seen anything like this happen before.
The most dangerous Big-Government Qango of all may well be the Central Banks (not the NIH). Money drives all the incentives across national economies, but one small unelected group decides the price of money, and all corruption flows downstream from
Welcome to 2022! The New Year's edition of the Economic Prism is a place of wild guesses and rough suppositions. Today we focus our eyes through our proprietary prism. We set our sights over a 12 month viewshed. What do we see?
The interesting feature of the 'last chance to get out' is nobody sees it until after the crash has done its damage.
Host:
Ernest Hancock
Gerald Celente (American Trend Forecaster, Publisher of Trends Journal, Business Consultant, Author) comes on the show to discuss economic and market conditions, precious metals, what's in store for 2022, etc...
I've got good news and bad news.
Host:
Ernest Hancock
Peter Schiff (Schiff Gold) comes on the show to discuss economic and market conditions, precious metals, what's in store for 2022, etc...
After new- and existing-home sales unexpectedly surged in November, analysts expected pending home sales to also rise in November (though far less than the huge jump in October).
NO FEDERAL SOLUTION! - BIDEN GIVES HOPIUM FOR AN END TO LOCKDOWNS BUT IT'S ONLY JUST BEGUN!
Gold closed out the week before Christmas above $1,800 an ounce, despite rising bond yields.
Where did all the workers go? That is a great mystery that continues to be unsolved. All over America, businesses are literally hiring anyone with a pulse and there are "help wanted" signs all over the place.
Washington has spent decades playing from the same rulebook in the game of keeping dominant businesses from snuffing out the competition.
Bloomberg News recently solicited advice from Argentinians who lived through that country's high inflation on how Americans should cope with rising inflation.
Back in 2018 leading up to Christmas the Federal Reserve began publicly flirting with the notion of ending asset purchases, reducing their balance sheet and committing to an all around taper of stimulus.
While the pandemic has spurred demand, leading to increased energy prices, the Biden administration's reliance on imports is a greater contributor to the increased costs of oil and gas
On my latest podcast, and my last podcast of 2021, I had the pleasure of speaking with my favorite economist, Peter Schiff. Peter is an American libertarian, stock broker, financial commentator, and radio personality.
