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While the market remains focused on tomorrow's CPI print, and to a lesser extent the April retail sales reports, which will both be released at 8:30am on May 15. we should flag another important report that doesn't typically get a lot of attention:
Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably In The U.S.
A "Restaurant Apocalypse" Is Starting To Sweep Across America, And That Is Really Bad News For The U.S. Economy
Struggling restaurant chain Red Lobster is reportedly abruptly closing at least 48 of its outlets across the US amid warnings they may file for bankruptcy.
...a 1.6M San Francisco downtown trophy office complex
...And They Are Blaming Previous Generations For Wrecking It
We all know what happened in 1971…
Let's start by defining the working class in a meaningful way rather than by tossing around meaningless income metrics which implicitly suggest that exceeding some semi-arbitrary income bracket will magically lift a working class household into the
Here is the only noticeable "benefit" from the Fed's pro-inflation policies since Greenspan's arrival at the Eccles Building.
This map graphic visualizes the total tax burden in each U.S. state as of March 2024, based on figures compiled by WalletHub.
...In Train-Wreck CNN Interview. "We've already turned it around,"
Can You Guess What It Costs To Live "The American Dream" After 3 Years Of Inflation Under Joe Biden?
The Missing Piece Of The Puzzle: Behind The Inexplicable "Strength" Of US Consumers Is $700 Billion In "Phantom Debt"
Shares of Airbnb stumbled in premarket trading in New York on Thursday after the home rental company beat earnings expectations for the first quarter but provided weaker-than-expected guidance.
For those unaware, Ray Dalio is one of the most successful hedge fund managers in the world. He has ran Bridgewater Associates since launching it in 1975. In 2013 it was listed as the largest hedge fund in the world and in 2020 Bloomberg ranked Dalio
...On The Outcome Of The Election In November
Whenever establishment economists make a a call the opposite generally turns out to be true.
Peter notes that April's losses in the stock market were in part created by doubt about the Fed's future rate cuts
Blue states that implemented minimum wage hikes are seeing a drastic rise in food prices.
A bear market in the used car market was confirmed in November and has since worsened through April.
Did consumers finally tap out
Kiyosaki told his followers that "the crash has begun," while further stating that "it will be a bad one." Thereafter, he provided his user's tips to cope with the trouble ahead.
An Enormous Chunk Of The U.S. Population Is Either Homeless, Living In Poverty Or Considered To Be Among The Working Poor
Weekly Update --- The Great Ukraine Robbery is Not Over Yet
Our Deer In The Headlights Moment: The "Worst Market Crash Since 1929" Is Rapidly Approaching And The Fed Doesn't Know Which Way To Go
A major intellectual revelation from my youth came from reading Murray Rothbard's "What Has Government Done to Our Money?" (1963). He includes a passing opinion that private markets are perfectly capable of producing money with no help from gov
In one of the most fascinating discussions I've had in a while, I spoke last weekend with my friend Andy Schectman about the state of the world, markets, geopolitics and the economy.
This year, 22 states are raising their minimum wage, impacting almost 10 million workers across the country.
National Black Farmers Association President John Boyd Jr. details the challenges U.S. farmers are facing and what the government could do to alleviate the inflationary sting.
