US economy set to ‘slow noticeably’ as consumer spending loses steam: ‘Last hurrah’
Zuma Global President Heather Zumarraga talks to Varney & Co. about consumer spending habits for the 2023 holiday season. The U.S. economy is expected to cool significantly in the coming months as the once rampant spending by U.S. consumers finally comes to an end, according to Wells Fargo. Scott Wren, senior global market strategist at […]
The West shouldn’t celebrate a weaker Chinese economy
The world’s second largest economy is sputtering. China’s official 2023 growth rate is 5.2% (part of which is growth rate) skeptical) is about half of what it was in the decade before the pandemic. Exports and imports fell, and foreign investment in China fell by 8%.as Chatham House In other words, “long-term capital… appears to […]
JPMorgan Chase CEO Jamie Dimon warns US economy heading towards ‘the cliff’ predicts debt ‘rebellion’
JPMorgan Chase Chairman and CEO Jamie Dimon says the U.S. is accelerating toward a cliff as runaway U.S. debt continues to rise, and he said the country is accelerating toward a cliff before it reaches a crisis. It is sounding the alarm that something needs to be done about it. The CEOs of the nation's […]
Why the Fed Lost Control of the Economy Last Year
Explosive growth that almost no one expected will occur Why was economic growth much faster than economists expected last year? The answer may be The Federal Reserve has much less influence It impacts business activities more than is commonly thought. Most Wall Street economists are people who get paid well to predict the economy for […]
CBS anchor tries selling a good economy but quickly finds no voter agrees with him: ‘People are really bummed out’
CBS news anchor Tony Dokoupil noticed this week that he couldn't find a single person outside a New Hampshire grocery store who felt “good” about the economy. The Biden administration claims the economy is strong because of President Joe Biden, and if Americans aren't feeling the effects of the president's hard work, is it because […]
2,681 ‘Journalists’ Lost Their Jobs in Joe Biden’s Economy
“Estimated 2,681 people Jobs in the news industry were lost until the end of November. ” report The far-left Associated Press. that's you get off to a good startsays far-right John Nolte. There is no doubt that more than 90 percent of the people who lost their jobs voted for Joe Biden, who cheated. So […]
Consumers are propping up the US economy, but they’re going into debt to do so
“Barron's Roundtable” host Jack Otter discusses the Biden economy as Treasury Secretary Janet Yellen is expected to take aim at President Trump's impact on the economy and big tech stocks. Americans' commitment to spending in the face of high inflation and interest rates, which has kept the engine of the U.S. economy running for the […]
Kim Jong-un Says North Korea Economy Is ‘Very Pitiful,’ Keeps Spending on Nukes
North Korea's communist dictator Kim Jong-un said in remarks to the Politburo on Wednesday that the country's economic situation is “extremely dire” and that most people have no access to food and other basic necessities. He complained that the government was not preparing the situation. “A serious political problem.” Kim was speaking at a conference […]
Dem Rep Says Fellow Party Members Aren’t Patting Biden On The Back Enough For ‘Turning Around’ Economy
Democratic Rep. Debbie Dingell of Michigan argued Thursday that her own party members don't give President Joe Biden enough credit for “turning around” the U.S. economy. Inflation was just 3.1% in December, but prices have risen 17.2% since Biden took office in January 2021, with New Hampshire primary voters worried about rising food and gas […]
Trump’s former adviser on Biden’s economy: ‘I would be bragging about it, too’
Fox Business host Larry Kudlow, who served as chairman of the National Economic Council (NEC) during the Trump administration, said President Biden is justified in touting strong economic numbers, adding, “I'm proud of that, too.'' I want to,” he said. “I'm an honest broker.'' He posted good numbers for Q4 GDP of 3.3 percent, following […]