Spreading the truth. Empowering the people.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Inflation runs hot in housing, medical services, health insurance, other items that are not imported. The consumer price inflation data released today by the Bureau of Labor … Read more
by Michael Snyder This wasn’t supposed to happen. During the relative economic stability of the past few years, the middle class was supposed to experience a resurgence, but instead it … Read more
by C Hamilton In the genre of stuff matters, consider three facts. 1) On average, income and expenditures are a bell curve, rising from early adulthood, peaking in … Read more
Since President Trump escalated the trade war last month by slapping a 25% tariff on $200 billion worth of Chinese goods, and is on the verge of taxing the remainder, … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Average age of vehicles rises, but new-vehicle sales drop to where they’d been 20 years ago. So what are automakers doing? The average age of passenger … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The economy is in a “very good place,” says Trump’s man at the Fed. And the Fed’s favorite inflation measure ticks up. The Fed’s message has … Read more
by Michael Snyder There is not going to be a trade deal between the United States and China any time soon, and that is going to mean a tremendous amount … Read more
via axios: Data: Trading Economics and U.S. Dept. of Commerce; Chart: Axios Visuals Even before President Trump heated up the trade war again, consumers in both the U.S. and China were slowing down their … Read more
The Federal Communication Commission announced plans Monday to instruct major phone companies to update their caller ID services to help combat so-called spoofed robocalls. FCC Chairman Ajit Pai will host … Read more
By David Stockman According to Moody’s Investors Service, the now $3.9 trillion ETF industry could result in a toxic feedback loop of selling when market makers step away from supporting assets during … Read more
by Michael Snyder It has been quite a year. In March, catastrophic flooding in the Midwest absolutely crippled thousands of farms and “as many as a million calves” were lost in Nebraska … Read more
by John Ward After the 2009 Crash, the Queen asked why nobody saw it coming. After Crash2, there may well be bricks hurtling through her windows. The social change that will … Read more
From Birch Gold Group According to CNN, next week the U.S. and China will begin the first of at least two scheduled trade war talks in an effort to move closer to … Read more
Debt collecting is an age-old business but it may soon receive a 21st-century revamp when the Consumer Financial Protection Bureau, an agency created in the wake of the financial crisis … Read more
by David Morgan from The Morgan Report U.S. Consumers Are Tapped Out – www.themorganreport.com. Look around you… U.S. Consumers Are Tapped Out. Watch our weekly perspective to see why U.S. Consumers Are Tapped Out. … Read more
