China’s Golden Opportunity

by Martin Armstrong COMMENT: Marty, Re: Biden’s Abuse of the Military My biggest concern right now is that if we do foolishly purge our military degrading readiness, does China’s President Xi take advantage and seize Taiwan amid the chaos in our ranks much like how the Germans took advantage of a Soviet military purge to time … Read more

U.S. Employment Costs Rise at Record Pace as Wages Surge (Personal Income Declines -1.04%)

by confoundedinterest17 U.S. employment costs rose at the fastest pace on record in the third quarter as companies across a variety of sectors raised wages against a backdrop of labor shortages. The employment cost index, a broad gauge of wages and benefits, rose 1.3% from the prior quarter, according to Labor Department data released Friday. The … Read more

Biden burying businesses under red tape; more rules on the way

President Biden accelerated the regulatory state on his first day in office by ordering agencies to consider aspirational but vaguely defined goals and benefits when imposing new rules on businesses large and small. The order greenlighting regulations even when the benefits “are difficult or impossible to quantify” sent shudders down the spines of CEOs. They fear business growth will … Read more