Producers, Not Consumers, Are the Engine of Economic Growth
• Discern ReportThe same can be said for the economy at large because what drives an economy is not demand but rather the production of goods and services.
Contents Pages by Subject
Economy - Economics USA
Bankruptcy Filings Show Credit Slipping Despite What Spreads Say
• Zero HedgeA rise in bankruptcy filings points to increasing bankruptcies, loan charge-off rates and delinquencies, suggesting credit spreads are not reflective of the underlying credit backdrop.
California Reparations Task Force calls for elimination of child support debt...
• https://www.dailymail.co, By RUTH BASHINSKYCalifornia Reparations Task Force calls for elimination of child support debt for black residents because nation's laws have torn African American families apart
China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?
• https://thehill.com, BY ANDREW HALEEvery country should pay its sovereign debt. Default, we are told, is not an option.
If THIS happens to the dollar, YOUR LIFE will COMPLETELY change
• https://www.theblaze.com, BLAZETV STAFFWhat exactly is happening to the U.S. dollar?
Forget quantitative tightening - the Fed will double its balance sheet to over $16 trillion...
• Business Insider...boosting stocks. Ballooning debt will force the Federal Reserve to bring back quantitative easing, Michael Howell wrote.
How Bidenomics Generates More Debt And Inflation
• https://www.zerohedge.com by Daniel LacalleEstimates of United States growth have improved but remain massively below the Federal Reserve projections.
The Make-Or-Break Fork In The Road Ahead
• https://www.zerohedge.com by Charles Hugh SmithWe either make the future or break the future, so choose wisely. There is a make-or-break financial fork in the road ahead for the United States: there are only three options:
What Will You Use As Money If The Dollar Dies?
• https://www.zerohedge.com, by Tyler DurdenThe U.S. dollar could someday go the way of all paper-currencies past and be consumed in a hyperinflationary fire.
We Have Just Seen The Biggest Silver Buy Signal In The World
• King World NewsThe managed money, which is basically hedge funds, have gone net-short silver and the swaps have gone net-long silver (in the futures market).
50 Tips From the Great Depression
• https://www.lewrockwell.com, By Zollie21The Great Depression Was One Of The Most Traumatic Events In American History
Interest On The National Debt Poised To Rise At An Alarming Rate
• Zero HedgeSince the end of the fake debt ceiling fight on June 2, the Treasury has borrowed an additional $700 billion pushing the national debt over $32 trillion. Looking at the interest rates on this new debt, it becomes clear that the US government has a bi
Economic Data Isn't as Strong as the Headlines Claim
• https://schiffgold.com BY MICHAEL MAHARREYA lot of the economic data this month looks strong. But when you dig a little deeper, you find that this "strength" is an illusion.
Nobel economist Paul Krugman says minting a $1 trillion coin to prevent a debt ceiling crisis...
• Business Insider...wouldn't be inflationary
What Would The Founding Fathers Say About Our National Debt?
• https://www.zerohedge.com, by Michael MaharreyThe national debt recently blew past $32 trillion.
Yes, The U.S. Economy Continues To Move In The Wrong Direction…
• http://theeconomiccollapseblog.com, by MichaelDespite so much evidence to the contrary, the Biden administration continues to insist that the U.S. economy is on the right track. But is that really true?
Slowdown in grocery inflation may be good news for trucking companies
• https://www.freightwaves.com, Rachel PremackGrocers have pushed private-label brands over national names, keeping prices low and giving retailers more profit
Retail diesel drops again as oil futures markets head higher
• https://www.freightwaves.com, John KingstonReaction to Russian turmoil could have been larger, given country's role as key crude and diesel supplier
US Durable Goods Orders Unexpectedly Soar In May
• https://www.zerohedge.com, by Tyler DurdenAmid an ugly slew of manufacturing survey data - from national PMI/ISM to regional Feds - it should be no surprise that analysts expected US Durable Goods Orders to drop 0.9% MoM in May.
US Home Prices Surged In April; All 20 Cities See Gains As Rates Dipped
• https://www.zerohedge.com, by Tyler DurdenHaving bounced (unexpectedly) in March (the most recent data), Case-Shiller's 20-City Composite home price index was expected to continue bouncing in April (+0.4% MoM exp) and it did bigly - rising 0.91% MoM - the biggest MoM jump since May 2022...
Walgreens Slashes Earnings Guidance, Blames "Cautious Consumers," Shares Plunge...
• https://www.zerohedge.com, by Tyler DurdenWalgreens Slashes Earnings Guidance, Blames "Cautious Consumers," Shares Plunge To Decade Low
US New Home Sales Unexpectedly Explode Higher In May
• https://www.zerohedge.com, by Tyler DurdenNew home sales have been dramatically outperforming existing- and pending-home sales as unprecedentedly low inventories send buyers into the arms of incentivizing homebuilders.
Lordstown Motors Files For Bankruptcy, Shares Crash
• https://www.zerohedge.com, by Tyler DurdenAfter filing for bankruptcy protection, electric truck startup Lordstown Motors Corp. shares crashed Tuesday morning in premarket trading in New York.
Top 7 ways most Americans WASTE money
• https://www.naturalnews.com by S.D. WellsEveryone wants to make a difference in this world, in one way or another, but many times in America those ways and means get twisted, warped, abused and misused, by the most powerful organizations in the world – corporations that run Big Food, Big
Goldman Sachs Cuts Over Hundred Managing Directors As M&A Activity Sours
• https://zerohedge.com, by Tyler DurdenThe higher interest rate environment has weighed on merger and acquisition activity in recent quarters.
Why You Shouldn't Believe In A Full-Spectrum Crash
Paul RosenbergThere are a large number of people waiting for a full-spectrum, apocalyptic crash of the Western system. What I maintain is that it won't happen. And I hope to convince you that I'm right.
Living in the Red: Average American Has Over $54,000 Worth of Debt
• https://www.activistpost.com by Chris MeloreWhat would you do to be completely debt-free?
American Housing Crisis? 40% Think They Need to Win The Lottery to Buy a Home
• https://www.activistpost.com by Chris MeloreHome affordability is so out of reach right now that two out of five Americans think they'd need to win the lottery to become homeowners.
Midwest drought blamed for soaring corn, soy and wheat prices: "WE NEED RAIN"
• https://www.naturalnews.com by Ethan HuffLack of rainfall across the American Midwest is taking the blame for corn, soy and wheat inflation.
Existing Home Sales Unexpectedly Rose In May As Prices Tumble Most Since 2011
• https://www.zerohedge.com, by Tyler DurdenExisting home sales unexpectedly rose in May (+0.2% MoM vs -0.7% MoM) with a small upward revision for April's tumble (from -3.4% MoM to -3.2%). That is only the second positive month for existing home sales since Jan '22...
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