Biden vowed to “end the illicit movement” of people through the Darién jungle in Colombia. But the profits are too big to pass up. A record 360,000 made passage this year. That’s well above the record 250,000 for all of
“Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem,” said Fitch in its downgrade of US debt. Government expenditures and receipts through 2023 Q1 from the BEA, chart by
The Fed hiked rates by a quarter point. A pause is now expected. FOMC Press Release Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and the unemployment rate has
Caroline Ellison and Gary Wang, top associates of FTX Founder Sam Bankman-Fried, plead guilty to criminal charges including wire fraud. Noose Tightens Around Sam Bankman-Fried Statement of U.S. Attorney Damian Williams on U.S. v.
The pace of QT allegedly doubles in September from the initial targets that started in June. Will that happen? Plans for Reducing the Size of the Federal Reserve’s Balance Sheet In January 2022, the Fed announced an
Leading the Way Towards More Inflation. CA continues to lead the way: “Experts said the new California rule, in both its stringency and reach, could stand alongside the Washington law as one of the world’s most important
Shifting debt doesn’t solve problems says Michael Pettis. Someone has to take the loss. 34 COMMENTS Image from Tweet below. With a major property bust underway, China will not be a global leader in growth. Bailouts will not
Pending Home Sales Fell 8.6% in June New home sales are recorded at signing. Existing home sales are reported at closing. Pending home sales in June is a leading indicator of the existing home sales reports for July and August.
Prices of commodities have plunged from recent highs. Has inflation peaked? The Wall Street Journal reports There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough? Growing signs that price pressures are
Editor’s Note: You can just see a bloodbath for Twitter stock on Monday. Elon Musk agreed to buy Twitter for $44 billion. On Friday, Musk sent a letter to Twitter’s board Friday saying he is terminating the