Federal Reserve wants lower wages

by Leavingtheecstasy https://multipolarista.com/2022/05/24/us-federal-reserve-wages-inflation/ US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving …

READ MORE

Working hard to lower our gas prices eh?

*BIDEN ADMINISTRATION CANCELS ALASKA OIL AND GAS LEASE SALE: CBS — zerohedge (@zerohedge) May 12, 2022 The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. The decision comes at …

READ MORE

High Inflation Means Lower Equity Valuations – Shiller’s CAPE at 40 today, likely to drop to 25 at 5% inflation. 37% equity decline possible.

High Inflation Means Lower Equity Valuations – Shiller's CAPE at 40 today, likely to drop to 25 at 5% inflation. 37% equity decline possible. h/t @michaellebowitz @jam_croissant @spotgamma @AnnTrades @HarrisSamaras #trading #TRADINGTIPS #ES_F #SPX500 #OptionsTrading #Options pic.twitter.com/nqSyDzAf77 — Patrick Hill …

READ MORE

White House Tells Media to Lower Expectations on Government Transparency – Jennifer Psaki Refuses to Answer Questions About Hunter Biden and Sketchy Financial Interests

by Sundance White House Press Secretary Jen Psaki was asked today about whether the White House would be transparent with the reported divestiture of Hunter Biden and his financial relationships with communist Chinese government officials.  The press secretary refused to …

READ MORE

Lower than 2008…

  Lower than 2008 https://t.co/D5MubkBP2b — Financelot (@FinanceLancelot) November 29, 2021 Perfect example of why cost-push inflation destroys consumer confidence and the high input costs lead to slowing growth, eventually resulting bankruptcies and unemployment rising. Cost-push badDemand-pull good — Financelot …

READ MORE

Bizarro World! 1-month T-bill Yield Lower Than 1-year T-bill Yield (U.S. Faces A Recession If Congress Doesn’t Address The Debt Limit Within 2 Weeks, Yellin’ Yellen says)

by confoundedinterest17 Treasury Secretary Janet “Go big or go home” Yellen is beating the hysteria drum by saying that the US faces a recession if Congress doesn’t increase the debt ceiling. Well, Janet, we are headed there anyway with GDP crashing …

READ MORE