https://twitter.com/MFHoz/status/1617958306286534661 Fed on Inflation: – Jun. 2021: Inflation is transitory, will fall back to 2.0% – Jan. 2022: Inflation to 2.0% in 2022 – May 2022: Inflation to 3.5% in 2022 – Jul. 2022: Inflation is out of control – …
by Charles Hugh-Smith For everyone left out of the Fed’s hyper-financialized, hyper-globalized, hyper-inequality “new prosperity,” there’s always the bargain salmon cassarole. The latest issue of New Prosperity Magazine addresses the Fed’s “Goldilocks” inflation and the coming crack-up boom. New Prosperity Magazine’s maiden issue was …
via mybudget360: Millennials continue to face the struggles of living in a world where they are deep in debt and the idea of buying a home is becoming more of a farfetched pipe dream. As recently as 2009 non-housing debt stood …
by howmuch GDP per capita is a critical metric for understanding the economy. It’s a measure of a country’s economic output that takes into account the number of people who live there. GDP per capita takes the gross domestic product …
by Charles Hugh-Smith Nowadays, trade and “prosperity” are dependent on currencies that are created out of thin air via borrowing or printing. So here’s the story explaining why “free” trade and globalization create so much wonderful prosperity for all of …
Make American, buy American. Gerald Celente discusses the need for America to become more self sustaining as an economy. https://www.youtube.com/watch?v=5ZOvFiHJHi8
via Schiff A lot of seemingly positive economic data came out last week, but in his most recent podcast, Peter Schiff said it is just feeding into a delusional economic narrative that ignores the most fundamental storyline – debt. Everybody …
By Bob Shanahan Image Source More than 40 percent of American households cannot afford rent, transportation, childcare, or a cellphone, according to a new study from the United Way Asset Limited, Income Constrained, Employed Project, obtained by Axios. U.S. households …
By Michael Snyder The federal government is now 20.4 trillion dollars in debt, and most Americans don’t seem to care that the economic prosperity that we are enjoying today could be completely destroyed by our exploding national debt. Over the past …