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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.
At least 20 million households -- or about 1 in 6 American homes -- are behind on their power bills...
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.
Host:
Ernest Hancock
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.
...Within The Next 12 Months
It pays to be rich.
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.
San Francisco will have spent $1.1 billion on homelessness in the fiscal year 2021–22, which is more than many other cities' entire operating budgets.
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:
"Corporatism" is when power (government), money (corporations), and propaganda (media) merge together to repeatedly rip-off the people at large.
Hyper Inflation Inducement And Theft On A Massive Scale Act: Everything Goes In The New World Slave Empire
Recession is finally arrived, and if messaging from the executive branch is any indication, it hasn't been a surprise.
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.
It is only fitting that on the day Blood, Bath and Bankruptcy Bed Bath & Beyond suffered a historic crash in its stock price...
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.
Consumers were not the economic savior in July. Motor vehicles account for much of the weakness.
The GDPNow estimate for third quarter of 2022 dipped again today. Looking ahead expect much more weakness, led by housing and durable goods.
The most important question for asset prices right now, from stocks to houses to Bitcoin, is whether we're due for a recession.
Biden signs massive spending spree of hundreds of billions of dollars
Former IRS Whistleblower Says Middle Class Americans Will Be Targeted Under Inflation Reduction Act
BofA's Michael Hartnett, the most accurate strategist on Wall Street who one month ago called the meltup, has a simple message: fade SPX >4328...
Peter Schiff Warns US Faces a 'Massive Financial Crisis,' Economist Expects Much Larger Problems Than 2008 'When the Defaults Start'
