Thanks to soaring inflation, the typical American household must spend $11,434 more in 2023 to achieve that quality of life, according to an analysis of government data, CBS News reported.
If you do things the right way, in the long run you will get positive results. But if you do things the wrong way, in the long run you will get negative results.
Once a symbol of America's economic might and accepted as a global coin of the realm, they have fallen badly out of favor, with serious consequences for taxpayers, investors, and financial markets.
With existing home sales collapsing to their lowest SAAR since 2010, new home sales are the only pillar left holding up any hope in the US housing market.
• https://www.zerohedge.com, by Charles Hugh Smith
If Black Friday is a bust, it may be a harbinger of what the mainstream has long considered impossible: the American consumer is well and truly tapped out.
Just when you thought every inflation related economic term was used up, CNBC headlines:
'Funflation' drives sporting event ticket prices up a whopping 25%
The annual ritual known as Black Friday takes on renewed significance in 2023. This year's shopping extravaganza will serve as a litmus test for the strength of the American consumer and, consequently, the broader health of the US economy.
"Interest on the federal debt is now so immense that it's consuming 40% of all personal income taxes… If federal finances continue on their current path, we are only a few years from the entirety of income taxes being needed to finance the debt
Fed Faces Staggering Losses: Trillions in Treasury and Mortgage Bonds Bought Over the Decade Now Valued at $6.4 Trillion, Sparking Concerns of Further Bank Bailouts
America wasn't meant to be an empire, but a land of individual liberty. Empires destroy liberty. Why must our money be taken from us for weapons and endless war?
Author and retired economics professor Tom DiLorenzo, recently chosen to be the new president of the Mises Institute, discusses a variety of topics: how government agencies manipulate the public for bigger budgets, the problem with the "big business"
International Man: Everyone knows that the US government has been bankrupt for many years. But we thought it might be instructive to see its current cash-flow situation.