The second wave is about to hit. Many of us have been warning about this for 2 years. You don’t shut society for months on end without getting a huge economic blowback. The cost of living crisis is the cost of lockdown crisis… The panic will come this winter

Why the Mirage of Lowflation Era Is Coming to an End

There is no mystery as to how central banks got so far off the deep-end.

Stagflation: Fed’s Powell Says Bringing Down Inflation Will Cause Pain to Households and Businesses

Fed Chairman Jerome Powell said Friday that the fight against inflation will lead to a period of sluggish growth and cause pain to households and businesses.

GDPNow Slows To 1.38% For Q3 (Conference Board Indicators At 0.0% YoY, Yield Curve Remains Inverted

University of Chicago economist and Nobel Laureate Richard Thaler says he doesn’t see anything that resembles a recession in the U.S. It used to be that economists would see two consecutive quarters of negative Real GDP growth and say “recession.” But apparently not economists like Thaler. But at least the Atlanta Fed’s GDPNow real GDP tracker is pointing to weak growth for Q3 at 1.379%.

We are primarily funded by readers. Please subscribe and donate to support us!

Major US Retailers Warn: Lower-Income Consumers Are In Trouble

President Biden and his top advisers have been adamant that the consumer is exceptionally strong this summer despite the economy slumping into a technical recession. Well, maybe in aggregate, the consumer appears healthy, but numerous retailers pointed out that less-affluent ones are tapped out.

Housing Market ‘In Much Worse Shape’ Than Fed Wants To Admit: Economist

Data this week on new home sales and pending home sales reflected sharp drops from last year and showed the impact higher interest rates continue to have on prospective buyers.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.