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Stock Market Nosedives As Massive Sell-Off Continues

Stock Market Nosedives As Massive Sell-Off Continues

Thomas Catenacci  Major stock market indices plummeted Monday in a continuing sell-off tied to China’s declining property value, increasing COVID-19 cases and lack of progress in Congress on increasing the debt limit. The Dow Jones Industrial Average (DJIA), an index measuring 30 major U.S. corporations, dropped 1.78% on Monday. The S&P index, which measures 500 of the […]

Biden To Impose Largest Tax Increase Since 1968

Biden To Impose Largest Tax Increase Since 1968

by Isabelle Morales The $3.5 trillion tax hike being pushed by President Biden and congressional Democrats would be the largest tax increase since 1968. In nominal dollars, Biden’s $3.5 trillion tax increase would be the largest in history. But even when comparing this tax as a percentage of the economy, this tax hike would be the largest in more […]

“Megadrought” Threatens Crop Yields In America And Global Grain Inventories, Warns USDA

“Megadrought” Threatens Crop Yields In America And Global Grain Inventories, Warns USDA

by: Zoey Sky (Natural News) Crops in the country keep dying because of the scorching heat. And according to various reports, the same thing is happening in other countries across the globe. Because of the megadrought affecting key states in America, the already high prices of crops like corn and wheat continue to skyrocket. “Megadrought” drives up […]

The Fall of the Dominoes

The Fall of the Dominoes

Inflation, as measured by the PCE (personal consumption expenditures) index, was, on an annualized basis, over 7 percent in March and April, and over 6 percent in May and June. Going by the more popular CPI (consumer price index), annualized inflation was between 8 and 11 percent in those same months. For perspective, the last time the economy experienced […]

‘Horrendous Fraud’: Americans ‘Elected A Shell Of A President’

‘Horrendous Fraud’: Americans ‘Elected A Shell Of A President’

By Bob Unruh President Joe Biden listens during a G7 Leaders’ virtual meeting Friday, Feb. 19, 2021, in the White House Situation Room. (Official White House photo by Adam Schultz) Pluralities of Americans believe Joe Biden is not honest, cannot deal wisely with an international crisis, is “liberal” and cannot bring the nation together, reflecting a […]

Is Our Current Inflation Temporary? Look at the Numbers

Is Our Current Inflation Temporary? Look at the Numbers

  Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, has said that the current uptick in inflation is temporary, and he expects inflation to subside in 2022. Despite rising inflation, the Fed is not in an inflation-fighting mood. Powell’s view rests heavily on interruptions in the supply chain that have […]

Biden’s Rescue Act Targets Americans’ Freedoms

Biden’s Rescue Act Targets Americans’ Freedoms

Since the 1800s, surly Americans have derided politicians for spending tax dollars “like drunken sailors.” Until recently, that was considered a grave character fault. But Joe Biden’s American Rescue Plan Act shows that inebriated spending is now the path to national salvation. It was a common saying in America in the 1930s that “we cannot […]

Is Inflation Really a Problem ?

Is Inflation Really a Problem ?

Inflation is the current hot topic in macroeconomics, to the extent anything in macroeconomics can be “hot.” Financial, economic, and political commentators are in a tizzy over price increases. Even Fed Chairman Jerome Powell is starting to sound concerned, if his recent testimony before the Senate Banking Committee is any indication. We take it for […]

Massive Number Of Americans Blame One Person For Inflation

Massive Number Of Americans Blame One Person For Inflation

By Bob Unruh (Photo by Joe Kovacs) A new poll shows that Americans, facing huge price increases under Joe Biden’s administration for housing, groceries, gasoline and more, are putting the blame on … Joe. The Morning Consult/Politico survey found 59% of registered voters “hold the economic policies of President Joe Biden responsible.” Inflation is at a […]

Prices Have Work To Do, Even In Pandemics

Prices Have Work To Do, Even In Pandemics

“Prices,” said the economist Benjamin Anderson, “have work to do. Prices should be free to tell the truth.” With Covid cases rising, places like Los Angeles reinstating outdoor mask mandates, and social media bursting with even more indignation than usual about Those People who refuse to wear a mask (or Those People who refuse to […]

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