Weak Data Says a Recession Has Already Started, Let’s Now Discuss When

by Mike Shedlock I’ve seen enough. A recession has started. Let’s discuss starting with a very good indicator that has few false positives and no false negatives. Unemployment Data from the BLS, Calculation and Chart by Mish What is the McKelvey Recession Indicator? Take the current value of the 3-month unemployment rate average, subtract the … Read more

Understanding the Business Loan Calculator: Maximizing Financial Clarity

Making informed decisions in the world of business finance is crucial to growth and success. Understanding the financial implications of business loans is important, whether you are a new business looking to expand or a well-established business planning strategic investments. This blog explores a Business Loan calculator, its importance, benefits, how it functions, and practical … Read more

Steve Bannon Responds to Being Ordered to Prison

If you’re wondering whether you’re living in tyranny, ask yourself how many of his political opponents Joe Biden is sending to prison. Steve Bannon is the latest. (2:14) Why is Congress going after Steve Bannon?(7:28) Biden Regime Wants Complete Power(16:03) The Future of War… pic.twitter.com/21GBKKpMbv — Tucker Carlson (@TuckerCarlson) June 11, 2024

The Wreck Of The US Middle Class: America’s Paychecks Bigger Than 40 Years Ago, But Purchasing Power About The Same (Credit Card Delinquencies Highest Since 1991)

by confoundedinterest17 Under Bidenomics and Fed monetary “policies”, we now have the wreck of the US middle class. To begin with, America’s paychecks are bigger than 40 years ago, but purchasing power of those larger paychecks is about the sames as it was 40 years ago. Great job Washington DC!!! … NOT!!!! Meanwhile, credit card delinquencies … Read more

Gold & Oil: Understanding Rather than Fearing Change

By Matthew Piepenburg There is much legitimate (as well as dramatic) talk about the failing US, its debased currency and its identity-fractured/inflation-taxed middle-class which has been increasingly described more aptly as the working poor. The End, or Just Change? But is America coming to an end? Will the USD lose its world reserve currency status? Will the greenback … Read more

Almost two-thirds of middle class Americans say they are facing economic hardship and don’t anticipate a change for the rest of their lives

(Bloomberg) — Almost two-thirds of Americans considered middle class said they are facing economic hardship and don’t anticipate a change for the rest of their lives, according to a poll commissioned by the National True Cost of Living Coalition. By many traditional measures, the US economy is strong, with robust labor, housing and stock markets, … Read more

There’s Just One Thing Propping Up the Dollar

Bad news is the new good news? It is to investors rooting for the Fed to lower interest rates. Those who think cheaper credit is the answer misunderstand the bigger picture… By Phillip Patrick, for Birch Gold Group This morning, the following headline caught my eye: Does this strike you as strange? A “stronger economy” means … Read more

Luke Gromen: US Economic Policies of Past 40 Yrs Intentionally Being ‘Trashed,’ Impact on Gold & BTC

Kitco News, Released on 5/24/24 Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Luke Gromen, founder and president of Forest for the Trees (FFTT), and author of ‘The Mr. X Interviews.’ Gromen says the U.S. dollar is getting repriced, not replaced, while assets like gold and Bitcoin see massive gains. Gromen explains why … Read more

Biden promised the “Inflation Reduction Act” would lower healthcare costs. It’s actually doing the exact opposite.

When President Biden signed the Inflation Reduction Act in 2022, he promised it would lower Medicare costs for America’s seniors. Loaded with the all-too-familiar political rhetoric of “taking it to drug companies”– what is missing from this talking point is how the President “took it to seniors.” Thus far, however, seniors’ costs have skyrocketed. A … Read more