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As the national average for diesel prices at the pump jump to a record high of $5.32 a gallon, Rowe said truckers are sending him pictures and videos of them filling up, spending more than a thousand dollars at a time.
"That which does not kill us, makes us stronger…."
Electric cars have long been expected to follow the same trajectory. But even as batteries have gotten cheaper, the cost of purchasing a new electric car in the United States has skyrocketed. According to data from Cox Automotive, an automotive servi
You can learn a lot about basic economics from great quotes. David Bahnsen, author of There's No Free Lunch: 250 Economic Truths , proves how true this is.
Despite the fact that consumer spending is expected to rise this year, retailers are having a hell of a time trying to pay the cost of their rising rents.
U.S. Treasury yields ticked higher on Thursday, following a volatile day centered on Federal Reserve chairman Jerome Powell's ruling out of rate hikes of more than 50 basis points.
The past two years have made more and more people aware of the existence of the "everything bubble" that has slowly built up in this country over the past decade or so. One of those bubbles is a housing bubble that, despite the denials of some, c
Stocks pulled back sharply on Thursday, completely erasing a rally from the prior session in a stunning reversal that delivered investors one of the worst days since 2020.
... To Record Highs. Sell low... buy high?
A month and a half ago, when mortgage rates were exploding higher with the 30Yr fixed mortgage rate averaging 4.5%, the highest since 2018 and up more than nearly 100bp from the December average...
Fed FINALLY cracks down on rocketing inflation: Central bank launches biggest rate hike in 22 years and starts selling off $9trillion bond holdings as US faces spike in borrowing costs
Central Banks have one real job: avoid inflation! It's here, and the consequences will be devasting as conventional rate-hiking wisdom is used to fight a wholly exogenous supply side shock.
The Biden administration is weighing up using income to determine eligibility as part of a potential plan to cancel hundreds of millions of dollars of federal student loan debt but has not yet analyzed how it would impact inflation, the White House s
Mortgage rates tend to follow 10-year treasury yields plus a spread. Let's look at historical trends.
On Monday, the average price of a gallon of diesel fuel reached an all-time high of $5.321, which will eventually ripple its way down the supply chain.
What has caused the surge in food and energy prices? Any economist will tell you prices rise and fall for all sorts of reasons related to supply and demand. But in this case we can find three primary reasons.
"...we're starting to see that flow through in the marketplace. And then we have an additional round of pricing scheduled for July. "
After the brutal lessons of April, May will set the tone for a new market - lots of threats, but full of opportunity.
Whenever there is some sort of a major crisis, our politicians normally attempt to solve it by spending money. But in this case, that isn't going to work.
Benito Mussolini stated that "Fascism should more appropriately be called Corporatism, as it is the merger of corporate and government power." Quite so.
Even though there have been so many problems with the economy over the last 12 months, many Americans continued to believe that everything would eventually be okay because stock prices remained stubbornly high.
"Price hikes have seemed unstoppable--until now."
The Fox Business host discussed how surging energy prices are affecting the transportation industry
... firms continued to pass higher material and staff costs on to clients in April,
First, I want to explain the disaster happening right now in front of all of our eyes. Then I will present a solution. Everyone talks. It's time for action. I have the plan.
Five-time, best-selling financial author James G. Rickards says, "We could be in a recession right now," but the title of his most recent book "The New Great Depression" says where we are definitely going soon.
The U.S. economy has been in bad shape for a long time. Now, even government's very flawed GDP statistic (which incorrectly counts government spending as a positive) came up negative for Q1. A recession may be imminent, with skyrocketing inflation at
This Is a Housing Crisis
What do preppers need to know if they are living in a turbulent economy? Here are some tried-and-true tips from one who's done so already – Fabian.
