In 2021, the U.S. government spent $6.8 trillion on various expenditures and government-aided programs. Where was this money spent, and how much was covered by taxpayers' dollars?
After surging in June, US durable goods order growth was expected to slow in July (preliminary data) but it notably disappointed with no change from June (vs +0.8% MoM expected)...
An overwhelming number of economists think a recession will hit the United States by the middle of next year, according to a survey by The National Association for Business Economics (NABE) published on Monday.
• https://www.theorganicprepper.com by Daisy Luther
If you're like most folks, getting a good deal on your preps is of the utmost importance right now. With the economy collapsing around our ears, many of us are working to make ends meet and don't have a lot left over for prepping.
Tim Picciott (The Liberty Advisor) gives the Economic Report; Federal Reserve and the coming digital currency (CBDC's), inflation, Inflation Reduction Act, precious metals, cryptos, etc...
...And Raises GDP Only 0.1%. Debt forgiveness of $10k per borrower would discharge around $300bn (1.2% of GDP) of debt but would boost consumption by less than by less than 0.1% of GDP over the year following implementation.
As Demand For Higher-End Cuts Slides, Beef Prices Are Falling... ... For Now
While one wouldn't know it from looking at USDA data for the uncooked beef prices...
Andy Schectman lays out a worst case scenario for most dollar denominated assets on my most recent podcast, and, unfortunately, his prognostications don't sound as unreasonable as one might think.
The world economy and especially the political and economic situation today consists of a potpourri of lethal ingredients which will have dire consequences...
Let's look at what this deadly potion consists of:
There is a video clip making the rounds showing President Biden speaking at a recent NATO summit about the seven billion dollars the US government had - at that time - provided to Ukraine.
A concerning survey of 700 US executives reveals that half of them are either actively reducing headcount, or plan to - while 52% have implemented hiring freezes, according to Bloomberg.
We've posted articles before on this website about the slow-burning SHTF that we're witnessing here and here. Years ago, in 2016, I wrote about the economic crisis like this:
More layoffs are here, even in the face of the latest super-duper jobs number that we swear doesn't include people taking on their 2nd or 3rd jobs just to make ends meet and catch up with inflation.
...Says 'Time to Open My Closed Mind'. He is now buying 2-year U.S. Treasury bonds despite repeatedly saying he does not invest in anything printed by the Federal Reserve or Wall Street.
American retail company Lowe's is handing out $55 million in bonuses to its front-line hourly employees in an effort to help combat the increasing cost of living.