economy
Just what our economy needs, more debt fueled spending.
https://twitter.com/Mankosmash/status/1787140756123349428 https://twitter.com/WallStreetSilv/status/1787204479638470764 https://twitter.com/dlacalle_IA/status/1787019969613496349
Is he fit to guide US economic policy?
A clip featuring Jared Bernstein, Chair of the Council of Economic Advisers, has garnered attention, with critics expressing concern over his role in shaping US economic policy under the Biden administration. This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy. Jared Bernstein …
China’s Economy in Freefall, Global Markets Teeter on Edge
The recent decline in the Chinese market has sent shockwaves through the global economy, raising serious concerns about the state of China’s economic health. Alicia García Herrero, Chief Asia-Pacific Economist for Natixis, succinctly captured the prevailing sentiment: “Nobody believes the economic situation is going to get any better.” This lack of confidence is deeply troubling, …
The stock market is not the economy: Only 18% of all jobs in S&P 500.
STOCK MARKET IS NOT THE ECONOMY Only 18% of all jobs are in the S&P 500 companies or 20 million. Most of the employment in the US economy is in private markets – 158 million jobs. pic.twitter.com/gLp0tCdJj9 — Global Markets Investor (@GlobalMktObserv) April 30, 2024
PROOF The U.S. Economy In Worse Shape Than We’ve Been Told
In a country that prides itself on openness and responsibility, a concerning reality has emerged: the actual state of the U.S. economy may be significantly worse than what official reports suggest. Recent reports have raised concerns about the nation’s financial stability. These reports have challenged the optimistic projections and cautious hope that have been dominant. …
“Its the Economy, Stupid!”: Black and Hispanic Voters Embrace Trump on Economics and Well-Being
via The Epoch Times: Epoch Times reporter Tom Ozimek recently wrote in these pages of former President Donald Trump’s encounter with Kayla Montgomery, a young Republican political consultant whose business is to “engage young, black professionals, students, and community members” in the Atlanta area. The ex-president and Ms. Montgomery met at a Chick-fil-A restaurant during an impromptu …
People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more gold
China’s economy isn’t in a great place and its currency is floundering. The tumult is sending prices of gold, considered a safe-haven asset, skyrocketing. Spot gold prices have recently hit record highs — above $2,400 an ounce — thanks to global demand on the back of economic and geopolitical uncertainties. Expectations of central bank interest …
“Weekend At Bernie’s Economy”: Joe Biden, Seeking Another Term, Wheels Out The Corpse Of The U.S. Economy
by Michael When I was a kid, “Weekend at Bernie’s” was one of my all-time favorite movies. In that film, two guys worked really hard to convince everyone that their boss was still alive so that they wouldn’t get into trouble. I remember laughing throughout that entire movie. Today, the Biden administration is working really …
Michael Pento: Washington D.C. is turning the once mighty U.S. economy into a banana republic
via pentoport: Powell and the FOMC are pining for rate cuts and to end Quantitative Tightening even though inflation is the most salient issue for businesses, according to the NFIB and ISM surveys. The Fed is still talking about several rate cuts this year and reducing the pace of Quantitative Tightening by half very soon …
Hoot of the Day: Economists Believe Biden Would Be Better for the Economy
via Mike Shedlock The Wall Street Journal asked 69 economists what they thought about the economy. Let’s check out the results. By nearly 20 percentage points, a WSJ Survey of Economists said Biden would be better for the economy. Unfortunately, the Journal did not ask the economists why. The answers would likely have been humorous. Federal Funds …
Former UK prime minister alleges deep state sabotage of economy, warns of similar fate for Trump.
A shocking article emerges in which a former UK prime minister claims that the deep state deliberately undermined the country’s economy to sabotage her leadership. Furthermore, she warns that similar tactics may be employed against former US President Trump. The allegations shed light on the perceived power and influence of clandestine forces within government structures, …
Yuan Weakens After ‘Unbalanced’ Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint
Simply put, China’s economic recovery has been unbalanced. As Bloomberg reports, manufacturing is holding up, thanks to resilient overseas demand and Beijing’s efforts to cushion the blow from US trade restrictions by developing advanced technologies at home. But Chinese consumers have been slow to recover their appetite for spending, amid a prolonged real estate downturn …
“Absolutely Disastrous”: Voter Panel on ‘Morning Joe’ Skewers Bidenomics, Says They Long for Trump’s Economy
A panel of undecided voters featured on MSNBC’s “Morning Joe” unanimously raised their hands when asked if former President Donald Trump’s economic policies would be better for their families. Around one in five homeowners and renters said they are skipping meals to afford housing under President Joe Biden’s economy, according to a Friday survey conducted …
Strong Jobs Report Does Not Mean Strong Economy
By Martin Armstrong One thing that analysts fail to explain is that Americans have begun working multiple jobs since the COVID pandemic that wrecked the global economy. Nonfarm payrolls increased 303,000 in March, but there are millions of Americans holding multiple jobs who can still not keep up with the cost of living even with …
JPOW Says He’s Confused About The Economy
by B3stAuD1t0rofA11tiME JPOW often plays the dummy card when he has to explain the economy particularly around the jobs and CPI reports. Just like on WSB, there are some topics we just can’t touch even though it’s pretty obvious why the jobs report came in smashing estimates. And for that reason alone, the market responded …
UK Public Sector Pension bill now exceeds the size of the economy itself.
via The Telegraph The Treasury said NHS pension liabilities alone had climbed above £1 trillion, while the cost of future pension promises to millions of public sector workers including doctors, civil servants and teachers ballooned by £333bn to reach £2.64 trillion in the 2021-22 financial year. The jump in liabilities was driven by a substantial downgrade to …
US economy teetering on recession amid declining retail sales, sluggish housing, job cuts.
In the realm of economic indicators, recent trends in the US retail sector are sending warning signals. Real retail sales have declined by 1.6% year over year, a concerning downturn that historically precedes a recession. Moreover, the stagnation in retail sales is mirrored by a surge in unsold new-build inventory, indicative of weakening consumer demand. …
Pawn Shop Inventories Are Exploding As The Failing U.S. Economy Hammers Those At The Bottom Of The Economic Food Chain
by Michael How much longer will the Biden administration and the mainstream media continue to deny that we are in the midst of a very painful economic downturn? Debt levels have never been higher, delinquency rates are spiking, the commercial real estate market is crashing, the banking industry is mired in turmoil and large companies …
European Council President Calls on Europe to Switch to a War Economy
via Mike Shedlock As a way to create jobs, EC President Charles Michel promotes a war economy. Where that would lead is obvious. I have a suggestion. Michel’s Rosy War Economy Eurointelligence discusses Michel’s Rosy War Economy What Michel wants concretely is EU targets to buy twice as much weapons from European defence producers by 2030; …
New Zealand economy enters recession: government data
New Zealand has dipped back into a recession after its economy shrank for the second quarter in a row, figures released by government agency Stats NZ showed on Thursday. The country’s gross domestic product dipped in the last two quarters of 2023, the figures showed, partly fuelled by a downturn in New Zealand’s crucial agricultural …
Vanguard CEO Makes Surprising Exit, Signaling The US Economy Is In Trouble
In a move that has sent shockwaves through the financial world, Tim Buckley, the CEO of investment giant Vanguard, has suddenly quit his job. This bombshell announcement has raised a lot of eyebrows and has people speculating about the real reasons behind Buckley’s abrupt exit. Many experts are warning that this could be a sign …
The US Economy Looks Good On Paper – Here’s Why It’s Actually A Disaster In Progress
This article was written by Brandon Smith and originally published at Birch Gold Group One of my favorite false narratives floating around corporate media platforms has been the argument that the American people “just don’t seem to understand how good the economy really is right now.” If only they would look at the stats, they would …
US Intel Report Paints Bleak Picture of China’s Economy
“During the next few years, China’s economy will slow because of structural barriers and Beijing’s unwillingness to take aggressive stimulus measures to boost economic growth,” read the Office of the Director of National Intelligence’s (ODNI) annual worldwide threat report released Monday. Instead of roaring back after the end of its lengthy “zero-Covid” lockdowns, China continues …
Wall Street financial analyst: Washington is pressuring the Fed to project robust economy in time for 2024 elections
via naturalnews: President Joe Biden’s administration is firm in declaring that the year 2024 is the time for Americans to start breathing easy again when it comes to inflation that haunted households for a few years. After more than 20 months of skyrocketing prices and higher borrowing costs, investors, economists and Federal Reserve officials claim …