Biden’s phony numbers mask true economic pain
Official government statistics about the U.S. economy have been contradictory and confusing for some time. Closer inspection reveals that federal overspending and overregulation have seriously damaged the economy, and that the worst of these policies are yet to come. Latest Government Report show Both employment and average hourly wages rose more than expected in May, […]
Australian Dollar extends decline following mixed China's economic data – FXStreet
In Asian markets on Monday, the Australian dollar continued to fall as the US dollar strengthened. A hawkish Fed stance and challenges in China’s economic recovery are weighing on AUD/USD. Attention will be on the Reserve Bank of Australia’s (RBA) interest rate decision on Tuesday, although no changes to rates are expected. The Australian dollar […]
US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace
Estimated Reading Time: 2 minutes The economy grew solidly. The debt spiked. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that the current-dollar GDP, grew faster than the current-dollar debt so that the […]
Stocks Fall on US Economic Data and Europe Angst: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks ended the week weaker after disappointing U.S. economic data and worries about a deepening political crisis in France led traders to shy away from riskier assets. Most read articles on Bloomberg U.S. stocks pared this week’s gains as high prices continued to hurt personal finances and a measure of consumer confidence unexpectedly […]
Biden's capital gains taxes would boost economic equality: Analysis
An evaluation of the Biden administration’s tax proposal to increase capital gains taxes finds that it could reduce wealth inequality without hurting economic growth. of Studying at American University They examined Biden’s proposed budget, which would raise tax rates on dividends and capital gains from 20% to 39.6%, and concluded that the tax hike would […]
Will the Fed’s “Feelgood” Medicine Cause an Economic Collapse?
Dr. Max Jacobson became known as Dr. Feelgood and “Miracle Max” for treating wealthy celebrities with concoctions, “mixing amphetamines, vitamins, enzymes, tranquilizers, placenta, and anything else that inspired him.” Jacobson’s most famous client was President Kennedy, who became sadly dependent on Jacobson’s “elixirs.” How much speed, narcotics, and other powerful drugs Jacobson injected into Kennedy […]
Is This Green Iron-fist Fantasy a Major Cause of Inflation and Economic Destruction?
Is rich people’s greentopian fantasy causing middle-class misery? The answer is yes, according to analysts such as Marlo Oaks, Utah state treasurer, and longtime investment manager. In fact, Oaks says he knows a major reason why increasing fuel prices, which drive up costs across the board, are so high: Supply is being choked off by […]
Don’t Fall For Joe Biden’s Economic Fairy Tale
The president’s biggest whopper? ‘I’m a capitalist.’ Like Nero bragging about rebuilding Circus Maximus after burning it down, Joe Biden took to the podium tonight to take credit for solving a slew of problems he helped create. At the top of his State of the Union address, the president boasted that he had “created more […]
Economic growth can unify voters: Vivek Ramaswamy
Former 2024 presidential candidate Vivek Ramaswamy joined “Kudlow” to discuss the return of Trump-era economic policies amid a cost-of-living crisis under President Biden. Vivek Ramaswami, a former 2024 presidential candidate and current Trump supporter, said Americans facing economic hardship can find common ground between the two parties. “Prices have gone up. Interest rates have gone […]
NY turns to psychiatrists to stop subway fare beaters after massive economic loss
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