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Economy
Nonstop Inflation: Biden Wants You to Pay More and Get Less
Under the guise “Buy America”, Biden U.S. has built a fortress to keep out Chinese EVs as millions sell around…
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Are the Fed and ECB Different? In What Key Way Are they Alike?
The ECB is signaling more rate hikes. The Fed has paused and the next move appears to be lower. But…
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Colombia Traffickers Make $10 Million a Month Helping Illegal Migrants Reach the US
Biden vowed to “end the illicit movement” of people through the Darién jungle in Colombia. But the profits are too…
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Economy
America’s Fiscal Time Bomb and the Fitch Downgrade of US Debt in Pictures
“Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem,” said Fitch in…
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Fed Says Banking System is Sound and Resilient, Hikes Interest Rate a Quarter Point
The Fed hiked rates by a quarter point. A pause is now expected. FOMC Press Release Economic activity expanded at…
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U.S. News
Two Associates of FTX Founder SBF Plead Guilty to Criminal Charges
Caroline Ellison and Gary Wang, top associates of FTX Founder Sam Bankman-Fried, plead guilty to criminal charges including wire fraud.…
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Economy
Fed Quantitative Tightening (QT) Doubles This Month, Progress Since June
The pace of QT allegedly doubles in September from the initial targets that started in June. Will that happen? Plans…
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California Demands More Inflation – Bans Gasoline in New Car Sales by 2035
Leading the Way Towards More Inflation. CA continues to lead the way: “Experts said the new California rule, in both…
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Economy
Property Bailouts in China Are Coming, But They Will Fail, What About the US?
Shifting debt doesn’t solve problems says Michael Pettis. Someone has to take the loss. 34 COMMENTS Image from Tweet below.…
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Economy
If You Think A Housing Bottom Is Close, Think Again!
Pending Home Sales Fell 8.6% in June New home sales are recorded at signing. Existing home sales are reported at…
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Economy
Unleaded Gasoline Futures Declined 26 Percent – Has Inflation Peaked This Economic Cycle?
Prices of commodities have plunged from recent highs. Has inflation peaked? The Wall Street Journal reports There Are Signs Inflation May…
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Elon Musk Wants Out, But Twitter Says It Will Force Him To Close The Sale
Editor’s Note: You can just see a bloodbath for Twitter stock on Monday. Elon Musk agreed to buy Twitter for…
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Whose Money is the Bank Lending?
A reader asked that question today. To those unfamiliar with the answer, it might seem shocking: Nobody’s. Q: “I am…
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California AB5 Ruling May Disrupt All West Coast Truck Shipments
California ruled that independent drivers are employees not contractors. The US Supreme Court refused the case. The ruling creates a…
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Economy
The Asininity of Inflation Expectations, Once Again By Powell & the Fed
Jerome Powell and the St. Louis Fed are both concerned over inflation expectations. Let’s investigate. What Do Financial Markets Say…
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Economy
Seventh Largest US Importer Cuts Shipments in Half, Shipping Rates Crash
Samsung’s planned shipments in July have been halved. We will see more manufacturers make similar announcements as the bullwhip crashes…
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