Guest Post by MN Gordon at Economic Prism: According to this week’s Commerce Department report, U.S. GDP increased at an annualized rate of 1.1 percent during Q1 2023. The experts thought GDP would grow by 2 percent. They were wrong. …
Guest post by MN Gordon from Economic Prism: On Thursday, the Bureau of Labor Statistics reported that consumer prices, as measured by the consumer price index (CPI), inflated at an annual rate of 7.7 percent in October. Investors went bananas …
Guest Post by MN Gordon from his blog Economic Prism: When the [credit] delusion breaks, people all with one impulse hoard their money, banks all with one impulse hoard credit, and debt becomes debt again, as it always was. Credit …
by MN Gordon on Economic Prism: Recession. Raging consumer price inflation. A Presidential administration that seeks to confuse and obfuscate what’s really going on. These are the realities facing American workers in the dog days of August circa 2022. For …
by MN Gordon on Economic Prism: Today, in the form of a Sunday preacher, we begin with several lines from the Good Book. The King James Version is used for added rhetoric. “And he spake many things unto them in …
From Economic Prism: The Federal Reserve, through a multi-decade series of shady practices, finds itself in a very disagreeable place. Policies of extreme market intervention have positioned the economy and financial markets for an epic bust. Price inflation. Unemployment. Interest …
Add celebrity chef Gordon Ramsay to the list of people and businesses trading California for Texas. Ramsay has relocated his North American restaurant headquarters to Las Colinas, Texas, from the West Coast, according to a report. The 55-year-old Scottish-born “Hell’s Kitchen” …
via thedailybeast: Xi Jinping, the Chinese ruler, is in no position to negotiate in good faith with the U.S., in large part due to Communist Party politics. Trump, therefore, has to either abandon his ambitious trade goals or push Beijing to …
from Financial Survival Network Gordon T. Long has been watching auto sales for quite some time. Debt keeps going up and now sales are declining. Corporate debt has escalated and it has become a giant equity to debt swap. It can’t keep …
from Financial Survival Network Gordon T. Long joined us today. His theory as to why the stock market keeps going up is two fold. On the one hand, stock buybacks continue to proliferate and on the other, the number of publicly traded …
by stockboardasset Tropical Storm Gordon is quickly heading west-northwest at 17 mph with sustained 65 mph winds toward a landfall tonight along the northern Gulf Coast as a Category 1 hurricane. The National Hurricane Center (NHC) has declared a hurricane warning from the …
Now since the last NHC forecast point with the 60mph forecast, is inland a bit, this means the max intensity should probably be 70mph or 75mph right before landfall. This is consistent with a Category 1 landfall. I think NHC …
https://www.youtube.com/watch?v=zPB4BHZDITk Landfall will be the the Night on Tuesday!!
Investor Gordon Long says the stock market hitting one all-time high after another, despite all the economic headwinds, shows the public is in a “delusional phase.” The latest nuclear war threat from North Korea shows the extreme delusion going on, …
