One of The Fed's favorite inflation indicators - Core PCE Deflator - slowed to 3.7% YoY in September (its lowest since May 2021). Headline PCE was flat at 3.4% YoY. Both were in line with expectations...
Thousands of ATM cash machines and local bank branches have been closing down as we move toward a cashless society and the government pursues the roll out of digital surveillance and Central Bank Digital Currencies (CBDC).
The Biden administration ran a $1.695 trillion budget deficit in fiscal 2023. It was the third-largest deficit in US history. The only time the US government ran bigger deficits was during the COVID years of 2020 and 2021.
The mainstream continues to insist that the economy is fine. Inflation is beat. A soft landing is in play. But in his podcast, Peter Schiff said we're in the early stages of a financial crisis. It should be obvious, but very few people see it comin
We have been dutifully tracking the auto sector, considered a leading economic indicator, to pinpoint the arrival of the crushing auto loan crisis and even the possibility of the onset of the next recession.
• https://www.activistpost.com By Charles Hugh Smith
If things unravel, these risk-reduction strategies quickly shift from "nice to have" to "essential." But by then, it will be too late to put them in place.
In a 60 Minutes interview over the weekend, host Scott Pelley asked President Joe Biden, "Are the wars in Israel and Ukraine more than the United States can take on at the same time?"
Every time retail sales come in higher than expected, the mainstream media breathlessly reports this as proof that the American consumer is strong and resilient. In his podcast, Peter Schiff explained that these retail sales numbers aren't a sign o
The average 30-year mortgage rate skyrocketed to 8% on Wednesday, as indicated by a survey conducted by Mortgage News Daily. This surge was driven by the 30-year Treasury bond yield, which climbed above 5%, reaching its highest point in 17 years.
The global financial crisis that began in 2007 reshaped the real estate market. Today, commercial real estate is facing a similar "Great Reset." Property valuations are resetting, capital availability is restricted, and investment activity is cur