Update (0910ET): We hate to be the ones to steal the jam from the exuberant consumer's donut BUT on a non-seasonally-adjusted basis, retail sales actually crashed 5.4% MoM in September - that is the biggest drop for September since 2019...
Although I have done my best to try and describe most of what we have gone through, I realize there are some gaps that I should cover, and new readers that could benefit from an update.
The all-mighty American consumer, whose spending drives the economy, is reaching a breaking point and is on the verge of folding, according to former Walmart CEO Bill Simon.
The purpose of the U.S. military is to defend America, and not to perpetually intervene in conflicts around the world. Never-ending wars have bankrupted many nations throughout history.
War broke out in the Middle East over the weekend after Hamas attacked Israel. In his podcast, Peter broke down the possible economic ramifications here in the United States. He said the US can't afford peace, much less war.
Whether you're a conservative or libertarian, the notion of government shutdowns is no longer an alien concept considering that Washington managed to add a whopping $1 trillion to the gross national debt in a matter of three months--a large percen
KEY TAKEAWAY: As Congress fights overspending, we want to show that members are appropriating, wasting and sometimes hiding massive amounts of money from the taxpayers.
We told readers in late July, "Why AirBnB Owners Are About To Be Forced Property Sellers." Then, one month later, in late August, we wrote "The AirBnB Bubble Popping Will Pop The Housing Bubble," followed by "AirBnB Bubble Bursts: Investor Home Purch