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People suffer under high interest rates, as Fed Chair Paul Volcker fights inflation; meanwhile, hints of a "Phoenix" global currency emerge as exuberant markets crack, and a "plunge protection team" works secretly to prop them back up.
People suffer under high interest rates, as Fed Chair Paul Volcker fights inflation; meanwhile, hints of a "Phoenix" global currency emerge as exuberant markets crack, and a "plunge protection team" works secretly to prop them back up.
No one expected the recent 25-basis point rise in rates to curb inflation in a meaningful way.
The sudden surge in the price of gas in the United States, up an average of more than 70 cents a gallon from a month ago, has had an adverse impact on retail foot traffic, Placer.ai reports.
An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans' finances.
Surely you've noticed - prices are going up everywhere. Is this solely the result of the pandemic and Ukraine, or are corporations shamelessly using inflation and war as a cover to gain record profits?
30 Year fixed mortgage rates have jumped 160bp this year, reaching the highest since November 2018, with the latest Freddie Mac data showing an acceleration in mortgage rates which jumped a quarter point in just the past week, from 4.42% to 4.67%.
Millennials (born between 1981 to 1996) have spent much of their lives living in an economic utopia where goods are cheap and plentiful. Unlike the generations before, these youngsters have yet to experience rapid inflation and shortages until now
...seen since mid-1980s, says Deutsche Bank
What we are witnessing is truly the beginning of the end. In recent months I have focused a lot on the economic implosion that is now taking place, but what we are facing is so much broader than that.
Japanese will pay higher taxes, officially or through inflation. All bonds, not just treasuries, will fall in price. Biden calls for new wealth tax.
Two U.S. senators are working on a bipartisan, broad-based regulatory framework for cryptocurrency.
JPY is on the move and this is why you need to care
Blackstone is giving up on one of its Midtown Manhattan office buildings, the latest sign yet that distress is beginning to hit the office sector.
Do you own a house? Do you rent? How you answer these questions likely influences your perception of inflation and the economy.
America's empire is dying because of money. It seems the US economy is very close to collapse. And the funny thing is, we may be able to predict it exactly.
If an all-out war erupts, it will be like nothing the Earth has seen before. All of our "progress" means that each side now has the weapons at their disposal to destroy their enemy many times over. Because of this, we can't as readily look bac
We are now at the end of an era of economic and moral decadence in a debt infested world built on false values, fake money and abysmal leadership. All hell will break loose.
After unexpectedly plunging in January, pending home sales were expected rebound very modestly in February (despite both new- and existing-home-sales tumbling as mortgage rates soar).
People often wonder why I get so upset about inflation. Well, the truth is that there are many reasons, but one of the big ones is because it destroys the middle class.
Rampant inflation got you down? Don't worry: Democrats are here to help!
After returning to metro San Francisco following a college football career, Anthony Giusti felt like his hometown was passing him by. The high cost of living, driven by a constantly transforming tech industry, ensured that even with two jobs he would
With Americans still in shock over jaw-dropping, rising gas prices, a few proposals have floated around Congress and elsewhere about offering some relief to drivers.
Sales of new U.S. homes fell in February for a second month, suggesting high prices and rising mortgage rates may be keeping prospective buyers on the sidelines.
Despite the unexpected plunge in existing home sales, analysts expected new home sales in February to rebound modestly from January's drop but they were wrong (again) as new home sales fell 2.0% (+1.1% exp) and worse still January's 4.5% drop was rev
FREE Event! - Learn about the storm facing our global economy. Attendance limited. The online event will take place in one month, on Saturday, April 23, 2022, from 11:00 AM to 1:00 PM Pacific Time.
Political leaders are making the world learn how to live without the US dollar because of sanctions and trade hurdles.
"...either way, you're going to lose in the stock market because if it doesn't crash now, it's going to crash later..."
Earlier this month, Biden signed a sweeping executive order (EO) directing government agencies to develop plans to regulate cryptocurrencies like Bitcoin, and to study the creation of a central bank digital currency (CBDC) for the United States.
The U.N. is cheering high gas prices to teach the world a lesson about global warming. High prices are an intentional strategy to kill carbon-based energy in favor of walking, bicycling and resetting the global economy back to the 1800s. ? TN Edito
